The CARIFORUM-EU Economic Partnership agreement (EPA) is a permanent instrument of trade partnership between CARIFORUM and the EC. It replaces the trade component of Lomé IV and its successor Cotonou (2000).
It is more than a free trade agreement (FTA), as it contains a strong development component with clear links to development aid for adjustment and modernization of CARIFORUM economies.
On 16 December 2007, an Economic Partnership agreement (EPA) was concluded between CARIFORUM (Caricom and Dominican Republic) and the European Community (EC). This represents the culmination of three years of formal negotiations between the Parties.