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Tuesday, 22 June 2010

ACP and EU nations to sign revised trade deal

African, Caribbean and Pacific (ACP) nations are to sign in Burkina Faso Tuesday a revised development agreement with the European Union, an official said Friday.The ACP and EU reached agreement in March on revising the 2000 Cotonou Agreement to make improvements in the distribution of development aid and tweak trade components to lessen barriers to 78 ACP countries."The challenge for the ACP group is to define the level of its ties with the EU... We must fight the asymmetry that has characterised this relationship too much," said Gabon's junior economy minister, Paul Bunduku-Latha, who is the president of the ACP's council of ministers, its top decision-making body. The revised agreement also aims to tackle the proliferation of small arms and the threats posed by organised crime, and people and drugs trafficking.

Source: eubusiness.com