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EU Gives Poor Countries Access to Markets

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BRUSSELS, Belgium (12 March)- The European Union trade ministers cleared a package of measures to give the world’s 48 poorest countries access to EU markets for all products except weapons by the year 2009. The so-called ‘Everything but Arms’ initiative was agreed on so that imports could be monitored and if necessary to introduce safeguards. […]

BRUSSELS, Belgium (12 March)- The European Union trade ministers cleared a package of measures to give the world’s 48 poorest countries access to EU markets for all products except weapons by the year 2009. The so-called ‘Everything but Arms’ initiative was agreed on so that imports could be monitored and if necessary to introduce safeguards. Monitoring will be a set up to verify respect for rules of origin and to prevent fraud. The European Trade Commissioner, Mr. Pascal Lamy, said, “This is a worldwide first. At the end of the day, they (the 48 countries) will have 100% access with no exclusions, except arms.” (SH)

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