Trade Sanctions, Human Rights and Multinational Corporations: The EU-ACP Context

Posted: 12 Oct 2009

See all articles by Olufemi O. Amao

Olufemi O. Amao

University of Sussex Law School; Brunel University London - Brunel Law School

Date Written: July 1, 2009

Abstract

Significant numbers of multinational corporations ("MNCs") from the European Union ("EU") operate in the African, Caribbean and Pacific ("ACP") countries. The ACP countries are attractive operational bases because of the enormous availability of raw materials, low cost of labour, and favourable regulatory frameworks. For most ACP countries, the EU is their main trading partner. Trade between the two regions is thus very important for ACP countries, because it constitutes, in most cases, their main revenue source. While the trade arrangement is marginal for the EU, it is important for the EU MNCs' profitability in a competitive global market. Even though MNCs have been beneficial to host States in the ACP, by providing revenue for governments and creating jobs, their operations have led to various externalities involving violations of human rights. This paper seeks to explore the scope of the human rights provisions in EU-ACP agreements and the instances when these provisions can lead to imposition of sanctions in cases of human rights violations by MNCs.

Keywords: Multinational Corporations, Trade, Trade sanctions, Human Rights, Europe, African, Carribean, Pacific, World Trade Organisation

JEL Classification: K00, K20, K30, K33

Suggested Citation

Amao, Olufemi O., Trade Sanctions, Human Rights and Multinational Corporations: The EU-ACP Context (July 1, 2009). Hastings International and Comparative Law Review, Vol. 32, No. 2, 2009, Available at SSRN: https://ssrn.com/abstract=1487574

Olufemi O. Amao (Contact Author)

University of Sussex Law School ( email )

Falmer
Brighton BN1 9QN
United Kingdom

Brunel University London - Brunel Law School ( email )

Kingston Lane
Elliott Jaques Building
Uxbridge, Middlesex UB8 3PH
United Kingdom

HOME PAGE: http://www.brunel.ac.uk/about/acad/bls/staff/staff/olufemiamao

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