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SA and EU deal around corner
TRADE TALKS
SA and the European Union were late on Friday close to finalising a long-awaited trade pact. Following two days of talks in Brussels, SA negotiators said a deal was imminent during the current discussions. Negotiators were meeting to reach a deal which will still be subject to ratification by the EU and SA. But continuing disagreements over textiles, fisheries, and wines and spirits remain a possible stumbling block to a broad deal which will see 90% of bilateral trade liberalised by 2008. Sapa-AFP reports that EU chief negotiator Philip Lowe says outstanding disagreements could be wrapped up this week. The EU is believed to have improved its agricultural offer, which will see reduced tariffs for 73% of SA agricultural exports.
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