RealNews

EU, Libya open talks on cooperation agreement

More than 90 percent of Libya’s oil exports go to Europe, so a cooperation pact with the North African nation is very important, the European Union acknowledged Thursday as the 27-member bloc began talks with Libya about the deal. EU foreign relations commissioner Benita Ferrero-Waldner said the agreement — which could be concluded in 2009 — would open up trade, increase economic and political cooperation and be similar to those the EU has with other countries in North Africa and the Middle East. (Full Story)

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