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Tuesday, August 23, 2005

 

Belarus to lose EU trade benefits

From Radio Free Europe:

Last week, the European Commission started a procedure of suspending benefits for Belarus under the EU's Generalized System of Preferences (GSP), Belapan reported on 22 August. The commission has given the Belarusian government six months to bring the country's regulations into line with its international commitments and eight months more to carry out 12 recommendations of the International Labor Organization regarding the treatment of trade unions in the country. If the European Commission sees no progress on the recommendations in 14 months, it will request the EU Council of Ministers to temporarily abolish the GSP benefits for Minsk. According to the commission, the move would mean an annual loss of 100 million euros ($122 million) for Belarus.

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