Division 5 Current Payments and Capital Movements

EPAs will reconfirm the commitments undertaken in the framework of Article 12 of Annex II to the Cotonou Agreement and the relevant provisions of its successor agreement, once applicable.

EPAs should aim for full liberalisation of current payments and capital movements related to transactions covered under the EPAs. They should include all safeguard and carve-out provisions (e.g. concerning the Union's economic and monetary union and balance of payments), which should be in accordance with the provisions of the TFEU on the free movement of capital.