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EU signs trade pact with southeast African nations
Published in Saudi Press Agency on 29 - 08 - 2009

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, according to a report of The Associated Press.
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 ¤3.2 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 ¤4.3 billion ($6.18
billion).


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