EU Presidency – Members back review of EU trade preferences, says Martonyi

Brussels, May 13 (MTI) – EU member states support the main components of the European Commission’s proposal for a comprehensive review of trade preferences granted to non-EU countries, Hungarian Foreign Minister Janos Martonyi told a press conference in Brussels on Friday.

The system has proved to be viable over the past four decades, but it should be overhauled to ensure preferences are given to the countries that really need them, the minister said.

The EC proposal announced earlier this week calls for reducing the number of beneficiaries from 176 to about 80.

Concerning the Doha Development Round, Martonyi said the EU hoped that its negotiating partners’ stance on trade would be as constructive as its own.

Source: mti.hu