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| Topic: |
Business
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| Number of pages / Number of words: |
4 / 953 |
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The EU believes a major point of contention for these countries is their inability to access global markets for agricultural and industrial goods and services.
Everything but Arms
The EU displayed its support for the 49 least developed countries by launching the ?Everything but Arms' initiative in March 2001 (Fontaine, 2005)...
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This initiative characterized EU's commitment to opening its markets to unlimited quantities of all products except weapons from those countries without charging any duties. As Trade Commissioner Pascal Lamy stated, "This sends a signal to the rest of the world that we are serious about getting the most disadvantaged to share in the fruits of trade liberalization," (European Commission, 2004)...
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