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EU weighs accelerating plans for free trade with Middle East
Published in Saudi Press Agency on 15 - 04 - 2005


The EU foreign ministers weighed a plan
Saturday to boost education, trade, economic integration
and human rights programs across the Middle East and North
Africa as part of an ambitious undertaking to craft a
Euro-Mediterranean free trade area by 2010.
At informal talks at a suburban chateau, the ministers
reviewed a European Commission report calling for a major
effort to liberalize trade in agriculture and services,
regulatory convergence and investment in Israel and Arab
nations in the Middle East and North Africa.
"With only five years to go, action is needed to make a
reality of that ambition," said the report written by EU
External Relations Commissioner Benita Ferrero-Waldner.
Since 1995, the EU has poured more than ¤13 billion (US$17
billion) in development aid, grants and soft loans into its
Euro-Mediterranean partnership to help shore up the Middle
East peace process and forge a free trade zone.
The EU partners are Israel, the Palestinian Authority,
Algeria, Egypt, Jordan, Lebanon, Morocco, Mauritania,
Syria, Tunisia and Turkey.
The EU's Executive Commission said the outreach to these
nations must be intensified, proposing to open major new
avenues of assistance.


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