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Monday, 29 November 2010 - Gaddafi issues warning to EU over African trade |
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    Edition: U.S. Article Comments (0) Email Print Reprints Full Focus Editor's choice A selection of our best photos from the past 24 hours.  Full Article  Read RPT-UPDATE 1-"Cut off the head of the snake" Saudis told US on I 28 Nov 2010 WikiLeaks says Iran's Khamenei has cancer: report 9:18am EST Pakistan defends nuclear stance revealed by WikiLeaks | 9:18am EST Saudi king urged U.S. to attack Iran: WikiLeaks | 10:40am EST Congress returns to work with long to-do list 10:33am EST Discussed 63 South Korea names security adviser as defense minister 56 U.S. condemns N.Korean shelling, plays down deterrent 54 U.S., South Korea begin joint military exercises Watched Bejeweled bra exposed in NY Thu, Oct 21 2010 Row over vote orgasm video Fri, Nov 19 2010 Anti-North Korea protests in Seoul Sat, Nov 27 2010 Gaddafi issues warning to EU over African trade Tweet This Share on LinkedIn Share on Facebook TRIPOLI (Reuters) - Libyan leader Muammar Gaddafi warned the European Union on Monday that Africa would turn to other trade partners if the EU kept trying to dictate to the continent how it should develop. Gaddafi's warning, at an EU-Africa summit... Factbox Factbox: Libyan aid and investment projects in Africa Wed, Nov 24 2010 Related News Libya's largesse gives it growing clout in Africa Wed, Nov 24 2010 China Exim Bank eyes Africa loans, commodity focus Mon, Nov 22 2010 EU and US look to secure Doha trade deal in 2011 Sat, Nov 20 2010 PREVIEW-UPDATE 1-EU hopes brief summit will reinvigorate US ties Thu, Nov 18 2010 Analysis & Opinion Liu who? UN’s Ban silent on rights during China visit Related Topics World » TRIPOLI | Mon Nov 29, 2010 10:43am EST TRIPOLI (Reuters) - Libyan leader Muammar Gaddafi warned the European Union on Monday that Africa would turn to other trade partners if the EU kept trying to dictate to the continent how it should develop. Gaddafi's warning, at an EU-Africa summit attended by senior European officials, echoed complaints from some other African leaders who say Europe is trying to make them open their borders to trade but not giving enough in return. "Our choice now is to cooperate with our brothers in the European Union but if that cooperation fails, Africa has other choices," Gaddafi said in opening remarks at the summit in the Libyan capital, Tripoli. "Africa can look to any other international bloc such as Latin America, China, India or Russia." A leaked internal document from the African Union this month showed some governments on the continent felt that trade deals being offered by the EU were one-sided. It said the bloc was asking African countries to liberalize their economies to comply with World Trade Organization (WTO) rules but was not doing enough to help them develop their own economies. "We do not benefit from the WTO and we call for its abolition," Gaddafi said. "All its interests are in opening our borders for industrial goods and killing national industries in the Third World, so I call (on everybody) not to join it." He also took a swipe at the EU's practice of linking economic assistance to African countries' respect for human rights and good governance. "We are not interested in political power. We want economic development," he said. "What is the meaning of human rights? What is the meaning of good governance?" In his own speech to the summit, European Council President Herman Van Rompuy defended the bloc's policy on Africa. "In a highly interdependent world economy, there are no easy recipes. But I am convinced that we can find ways of mutually beneficial cooperation, notably via the private sector. "We need to transcend the state dependent economies which have performed so poorly over decades of development cooperation," Van Rompuy said. He said in Europe's experience, economic prosperity and good governance were closely linked. "The dynamics of prosperity set in where business-friendly policies attract private investment, where corruption is not tolerated, where the rule of law is respected and transparency valued," he said. (Reporting by Ali Shuaib and Salah Sarrar in Tripoli; Writing by Christian Lowe) World     Add a Comment *We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language or appear to be spam and review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters.   © Copyright 2010 Thomson Reuters Editorial Editions: Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index Reader Feedback   Mobile Newsletters RSS Podcasts Widgets Your View Analyst Research Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts Venture Capital Journal International Financing Review Project Finance International PEhub.com PE Week FindLaw Reuters on Facebook Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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