EU Signs Trade Pact with Several Southeastern African Countries

According to the Associated Press, the EU has recently signed a trade pact with Mauritius, Seychelles, Zimbabwe and Madagascar for trade tariffs to be slowly removed over the next fifteen years. The new deal, however, excludes agricultural products such as milk, vegetables and textiles, to name a few.

EU Trade Commissioner Catherine Ashton said the new interim deal would help countries of eastern and southern Africa in creating a single regional trade pact with the EU that would eventually cover trade in services, investment and protection for emerging industries in Africa.

Last year, the EU imported around 3.2 Billion Euros from these Southeast African countries.

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