Advertise On EU-Digest

Annual Advertising Rates

3/13/07

Caribbean Pressreleases.com: Europe has forgotten commitment to ACP countries says Guyana President

For the complete report from the Caribbean PressReleases.com click on this link

Europe has forgotten commitment to ACP countries says Guyana President

Georgetown, Guyana - New trading agreements between the Caribbean and Europe are yet to be decided on with the negotiations on the Economic Partnership Agreement (EPA) because of unreasonable terms of trade being demanded by Europe, militating against past commitment given to poor countries under the Lome Convention. “The negotiations are stopped now and we are called upon to make a lot of concession but many people think that we seek charity in these markets or we unreasonably ask them to open markets. It has its origin in a historical trade pact and not charity on the part of Europe,” Head of State President Bharrat Jagdeo told those present at the Guyana Defence Force’s annual Officers’ Conference last week.

“Today Europe emphasises the fact that they paying us close to 30cents per pound for sugar …they forget that in the 70s when there was a shortage of sugar in Europe they came out here when the world market price was very high and we (African Caribbean and Pacific countries) sold sugar to them way below the world market price in exchange for an agreement of infinite duration,” the Head of State revealed.

No comments: