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EU, Andean Community agree to framework for trade agreement
Published in Saudi Press Agency on 17 - 05 - 2008


The EU and the Andean Community agreed
Saturday on a framework for an agreement that would knock
down some commercial barriers _ despite deep disagreements
on free trade within the South American bloc's members, according to AP.
Peruvian President Alan Garcia said leaders will hold a
fourth and final round of talks June 12 on the deal between
the Andean Community and its largest commercial partner
after the United States. Details were not released.
The preliminary agreement was reached a day after
European, Latin American and Caribbean leaders pledged to
fight poverty, global warming and high food prices in a
biennial summit.
Participants in the main summit said in a declaration late
Friday that the deal will take into account disagreements
both between and within the two regions. Andean community
member nations Peru and Colombia both favor more open
commerce, while Ecuador and Bolivia oppose free trade
deals.
Those disagreements showed earlier this week as Bolivian
President Evo Morales accused Peru, which has the
fastest-growing economy in the bloc, of trying to negotiate
a trade deal on its own. Peru denied the accusation,
calling it «unjust.»
«We want trade,» Morales said in a statement, «but fair
trade that allows us to find an equilibrium between
continents.» He urged negotiators not to sideline Bolivia
from talks simply because it's more cautious about
eliminating trade barriers.
On Saturday, Ecuadorean President Rafael Correa said the
agreement seeks to resolve the differences.
«I think negotiation as a bloc can be achieved within the
Andean Community despite the differences,» he said in his
weekly radio address. «The proposed strategy is a flexible
framework in which the countries can adhere to certain
parts of the agreement, but not others» that they don't
like.
Both Morales and Correa have vowed not to sign free trade
agreements with the United States, as Colombia and Peru
have done. The two presidents have repeatedly said they
don't want the EU trade pact to look like deals the United
States has with various Latin American countries.
Morales and Correa also want the EU to ease restrictions
on Andean immigration to Europe.
Trade between the European Union and the Andean Community
reached US$16.6 billion (¤10.7 billion) in 2006, up from
US$7.6 billion (¤4.9 billion) in 2000, according to the
South American bloc.


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