»»EU Eliminates Duties on Imports from Former Colonies
The European Union will eliminate most of the remaining customs charges on imports from 78 former colonies in Africa, the Caribbean and Pacific in an effort to fuel the commodity-dependent economies.
The EU’s trade arrangements with the group of developing countries expire on Jan. 1. Today’s decision to increase access to the European market, backed by ministers meeting in Brussels, also ends limits on the volume of exports to the 27-nation bloc. […]
EU imports of commodities from 49 of the world’s poorest countries, excluding sugar, bananas and rice, have been tariff- free and unlimited in volume since 2001. That agreement excluded 37 ACP countries.
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