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Gaddafi issues warning to EU over African trade

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Wednesday, 15 December 2010

Gaddafi issues warning to EU over African trade

Libyan leader Muammar Gaddafi warned the European Union on December  1st that Africa would turn to other trade partners if the EU continued to impose terms for cooperation. Gaddafi's warning, at an EU-Africa summit attended by senior European officials, echoed complaints from some other African leaders who say Europe is trying to make them open their borders to trade but not giving enough in return."Our choice now is to cooperate with our brothers in the European Union but if that cooperation fails, Africa has other choices," Gaddafi said in opening remarks at the summit in Tripoli. "Let every country and every group govern itself. Every country is free to serve its own interests.""Africa can look to any other international bloc such as Latin America, China, India or Russia."A leaked internal document from the African Union this month showed some governments on the continent felt that trade deals beingoffered by the EU were one-sided.It said the bloc was asking African countries to liberalise their economies to comply with World Trade Organisation (WTO) rules but was not doing enough to help them develop their own economies."We do not benefit from the WTO and we call for its abolition," Gaddafi said. "All its interests are in opening our borders for industrial goods and killing national industries in the Third World, so I call (on everybody) not to join it."The Libyan leader also took a swipe at the EU's practice of linking economic assistance to African countries' respect for human rights and good governance.

Source: Truth About Trade & Technology