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Friday, 17 June 2011

ACP countries urge EU to extend Sugar Protocol to 2020

The African, Caribbean and Pacific (ACP) Group has resolved to ask the European Commission (EC) to extend its sugar market regime in its current form to 2020. At the end of the one day joint ministerial meeting in Brussels Tuesday, the EC noted the request of the ACP but made no formal commitments on extending the Sugar Protocol. Speaking to journalists, the current chair of the European Union, Hungary’s foreign affairs minister, Janos Martony hinted that all financial mechanisms within the Cotonou Agreement will be extended to 2020. This is subject to current discussions with the EC on the future of the Cotonou Agreement, which comes to an end in 2020. The Sugar Protocol, which provides funding for Accompanying Measures to assist ACP sugar producers adjust their economies to the removal of preferential sugar prices from 2006, expires in 2013.

Source: Pacific Islands News Association

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