Afran : African states sign trade agreement with Europe
on 2009/8/30 11:52:44
Afran

30th August 2009

Six African countries say they will open up their markets to goods and services from the European Union.

Four of the countries - Mauritius, Seychelles, Zambia and Zimbabwe - signed the agreement with the EU Saturday, while two other countries - Madagascar and Comoros - say they will formally sign the deal in the near future.

The African countries have been able to sell many goods to the EU since 2008, and the deal ensures full access to the EU market will continue. In return, the African countries have agreed to remove tariffs on EU goods over the next 15 years.

EU Trade Commissioner Catherine Ashton says the deal will help the eastern and southern African nations diversify their economies and create a more stable economic environment.

She says several other countries from the region - Djibouti, Ethiopia, Eritrea, Malawi and Sudan - have also been involved in trade talks and could also join the pact.

Goods from the six countries that have already agreed to the trade deal make up only a fraction of a percent of all EU imports, worth almost $4.6 billion in 2008.

The African countries imported about $6.2 billion worth of goods, mostly mechanical and electrical components and vehicles, over the same time span.

malaysiasun

Previous article - Next article Printer Friendly Page Send this Story to a Friend Create a PDF from the article


Other articles
2023/7/22 16:36:35 - Uncertainty looms as negotiations on the US-Kenya trade agreement proceeds without a timetable
2023/7/22 14:48:23 - 40 More Countries Want to Join BRICS, Says South Africa
2023/7/18 14:25:04 - South Africa’s Putin problem just got a lot more messy
2023/7/18 14:17:58 - Too Much Noise Over Russia’s Influence In Africa – OpEd
2023/7/18 12:15:08 - Lagos now most expensive state in Nigeria
2023/7/18 11:43:40 - Nigeria Customs Intercepts Arms, Ammunition From US
2023/7/17 17:07:56 - Minister Eli Cohen: Nairobi visit has regional and strategic importance
2023/7/17 17:01:56 - Ruto Outlines Roadmap for Africa to Rival First World Countries
2023/7/17 16:47:30 - African heads of state arrive in Kenya for key meeting
2023/7/12 16:51:54 - Kenya, Iran sign five MoUs as Ruto rolls out red carpet for Raisi
2023/7/12 16:46:35 - Ambassador-at-Large for Global Women’s Issues Gupta Travels to Kenya and Rwanda
2023/7/2 15:57:52 - We Will Protect Water Catchments
2023/7/2 15:53:49 - Kenya records slight improvement in global peace ranking
2023/7/2 14:33:37 - South Sudan, South Africa forge joint efforts for peace in Sudan
2023/7/2 13:08:02 - Tinubu Ready To Assume Leadership Role In Africa
2023/7/2 11:50:34 - CDP ranks Nigeria, others low in zero-emission race
2023/6/19 16:30:00 - South Africa's Ramaphosa tells Putin Ukraine war must end
2023/6/17 16:30:20 - World Bank approves Sh45bn for Kenya Urban Programme
2023/6/17 16:25:47 - Sudan's military govt rejects Kenyan President Ruto as chief peace negotiatorThe Sudanese military government of Abdel Fattah al-Burhan has rejected Kenyan President William Ruto's leadership of the "Troika on Sudan."
2023/6/17 16:21:15 - Kenya Sells Record 2.2m Tonnes of Carbon Credits to Saudi Firms

The comments are owned by the author. We aren't responsible for their content.