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Tuesday, May 25, 2010

Namibia Stands Up to EU 'Bullying' http://www.ipsnews.net/news.asp?idnews=51565

Geingob insisted it would be wrong to bow to European pressure and accept the EPA put forward by Brussels. That agreement, he suggested, would require Namibia to abandon strategies that it regards as essential for its economic development. For example, the Namibians apply export taxes on some raw materials in order to encourage that they be processed within the country, thereby providing jobs; yet the EU is adamant that such taxes should be scrapped. By opening up its markets more to European exports, Namibia would also be unable to allow its domestic industrial and agricultural sectors to grow without the pressures of outside competition.

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