Kola Ibrahim argues in this Opinion that the new economic partnership agreements that are being proposed by the EU are driven by the old unequal economic relationships. “The agreement represents another way of rapaciously and legally exploiting the resources of the third world countries especially Africa where most of the population are living in absolute poverty. In the first place, the goods to be exported to European countries are mostly agricultural produce with little local content and market value while European countries will bring in finished goods which are high valued. This definitely means the continuous underdevelopment of the third world countries. Therefore, there will continuously be wide technology gap, increased trade imbalance and capital flight from the countries,” argues Ibrahim.

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