ABSTRACT
The Lome agreement includes provisions for moving beyond traditional trade and aid policies to include more active forms of industrial, technical, and financial cooperation and a commodity price-support system. Thus, the Kingston Memorandum called for the establishment of specific targets and objectives to be obtained in the promotion of particular industries for the duration of the Convention. As the operation of the European Community Generalized System of Preferences scheme has illustrated, general policies are empty concessions to those states that are too weak to compete in an international economic system dominated by the main industrial states. Although the Convention was signed in February 1975 and the African Caribbean Pacific Countries states have attached great importance to Title III, for many reasons the delineation of the organization, responsibilities, and size of the Committee and the Centre has been slow. Industrial cooperation as defined in Title III is dependent on the availability of instruments for granting technical and financial assistance.
