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The Caribbean Policy Development Center introduces the Economic Partnership Agreements (EPAs), which establish free trade areas between the European Union and the African, Caribbean, and Pacific (ACP) states. These agreements stem from the Lomé Convention, active from 1975 to 1999, which provided ACP countries with unilateral trade preferences. However, this was seen as contradictory to the World Trade Organization's most favored nation clause. As a result, the EU received waivers in 1996 and 2001, leading to the necessity of replacing the Lomé Convention with trade agreements compliant with WTO rules, culminating in the signing of the Cotan Partnership Agreement in 2000.