EU ROUND UP – OIL RICH IRAQ AND EU CLOSE TO MAJOR TRADE DEAL
June 1st, 2009
BY KEITH NUTHALL
CLOSER trade relations between the European Union (EU) and oil-rich Iraq are being negotiated, with a round of talks being held last month (May) in Baghdad aimed at forging a Partnership and Cooperation Agreement (PCA). This would involve the creation of a special cooperation council and annual ministerial meetings to erase trade barriers - such deals are usually forged with eastern European neighbours of the EU. The Kuwait News Agency reported Iraqi government sources claiming both sides were "near to the end of the negotiations", ...
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