ПРАВОВІ ОСНОВИ ТОРГОВЕЛЬНО-ЕКОНОМІЧНОГО СПІВРОБІТНИЦТВА ЄС ТА КРАЇН ЩО РОЗВИВАЮТЬСЯ

Abstract

The article deals with the implementation of the legal principles of
international economic law in trade and economic relations of the European Union
and third world countries. In particular, it analyzes the Yaound Conventions, which
imply the gradual abolition of all restrictions on the mutual trade of the participating
countries, as well as the removal of barriers to the movement of capital and labor.
However, in the context of economic imbalances, the Yaound agreements failed to
ensure the protection of the interests of developing countries despite their formal
equality with the EEC countries due to the lack of unilateral benefits that would offset
the apparent inequality of economic opportunities.
The article also examines the following agreements between developing and the
EU countries. For example, the Loma Agreements proclaimed the establishment of a
just economic order in the world, which had to be based on new principles, in
particular the principle of non-reciprocity that is, granting privileges and preferences
to developing countries. However, because of high inflation, EU liberalization
policies, unfavorable external market conditions, TNCs' influence and EU policy, the
Loma agreements did not reach their targets, although they helped the member states
to strengthen their positions compared to other developing countries.
The article also analyzes the Cotton Treaty (2000). It was in line with the goals and
principles of the World Trade Organization (WTO) and was called upon to move from
unilateral preferences to a system based on reciprocity. The Treaty's stated objectives of
respect for human rights and democratic freedoms, as well as the regime of fair rule,
which later used by the EU countries to exert political pressure on counterparties and did
not affect the improving economic situation of developing countries.
The article also describes the current stage of the development of the EU
relations with developing countries. The study concludes that legal regulation of
economic relations between the EU countries and third world countries is imperfect
and that there is a unilateral advantage for the EU countries in such relations