 The wave of democratization which reached many developing countries after the end of the Cold War led to a previously unknown politicization of development cooperation.Additionally, the continuing absence of the economic rewards expected from Lomé, its continuing incompatibility with General Agreement on Tariffs and Trade (GATT)/World Trade Organization (WTO) provisions and the complexity the Lomé Conventions had assumed were reasons why a new agreement was drawn up in Cotonou, the capital of Benin.The Cotonou Agreement is the latest of the PTAs between the EU and the ACP group.