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Monday, December 10, 2007
EU foreign ministers recently adopted rules allowing free access to the European market for products from 15 African, Caribbean and Pacific (ACP) nations who have agreed for an interim trade deal with the bloc. A further 27 ACP nations, including 14 in the Caribbean, risk having higher customs tariffs if they fail to initial new trade deals by the end of the year. The decision affects seven African nations. All their export products, except rice and sugar, will be allowed into the EU without duty charges or quota restrictions. In exchange they will progressively open their markets to European goods.
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