This report on the CARIFORUM and Pacific ACP Economic Partnership Agreements analyses the detailed implications for the economies of the countries involved of commitments signed or initialled, including an indication of the broad country and region-wide effects. The two agreements cover general provisions related to trade in goods and, in the case of CARIFORUM, an agreement on services as well as coverage on other trade-related issues. The authors argue that, partly because they are so complex, the agreements are likely to have far-reaching implications for all countries involved, but that there has been almost no informed discussion of the likely detailed effects of the agreements based on an analysis of their impact at an industry or sectoral level. Understanding what these Economic Partnership Agreements mean is challenging, but necessary for both trade negotiators and the private sector. This publication therefore provides an initial analysis and could form the basis of more detailed work at the national level.