From: Biniam Haile \(SWE\) (eritrea.lave@comhem.se)
Date: Sat Aug 29 2009 - 08:12:02 EDT
Excerpt : "Djibouti, Ethiopia, Eritrea, Malawi and Sudan, which have
been negotiating a regional trade pact, may also join the EU accord. As
poor developing nations they currently do not pay tariffs on exports to
the EU.
EU Signs Trade Pact With Southeast African Nations
EU signs interim trade pact with Seychelles, Mauritius, Zimbabwe and
Madagascar
BRUSSELS August 29, 2009 (AP
The European Union signed a temporary trade pact Saturday with
Mauritius, Seychelles, Zimbabwe and Madagascar calling for tariffs on
European goods would be removed over the next 15 years.
The four countries in southeast Africa have had full access to the EU
consumer market - the world's biggest - since the start of 2008 for most
goods. Trade barriers for rice and sugar, however, are being removed
gradually.
The new deal excludes trade on agricultural products such as milk, meat,
vegetables, textiles, footwear and clothing.
Zambia and Comoros have indicated they will sign the EU pact at a later
date, the EU said.
Djibouti, Ethiopia, Eritrea, Malawi and Sudan, which have been
negotiating a regional trade pact, may also join the EU accord. As poor
developing nations they currently do not pay tariffs on exports to the
EU.
EU Trade Commissioner Catherine Ashton said the new interim deal would
help countries of eastern and southern Africa in creating a single
regional trade pact with the EU that would eventually cover trade in
services, investment and protection for emerging industries in Africa.
The European Union imported some euro3.2 billion ($4.6 billion) of goods
from eastern and southern Africa last year, mostly textiles, clothes,
sugar, fish products and copper. European exports - mostly mechanical
and electrical machinery and vehicles - were worth euro4.3 billion
($6.18 billion).
http://abcnews.go.com/Business/wireStory?id=8441510
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