EU approves deals to boost trade with Latin America

By REUTERS
December 11, 2012 17:33

BRUSSELS - EU lawmakers approved free-trade accords with Colombia, Peru and six Central American nations on Tuesday, giving them permanent access to the EU's 500 million consumers and offering the EU's stagnant economy new markets for its cars and luxury goods.

Setting aside doubts about Colombia's human rights record, the European Parliament in Strasbourg voted to allow the deals to come into force next year, building on the eight countries' separate free trade agreements with the United States.

"At a time when our economy is struggling, it is vital that the EU forges stronger links with emerging economies," said Catherine Bearder, a British liberal lawmaker who voted for the pacts.


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