Africa: Europe holds out hope of Africa trade deals by 2014

The European Union is hoping to wrap up free-trade agreements across most of sub-Saharan Africa next year but has yet to assuage African fears that their budding industries will not be able to cope with the new competition. The European Union launched talks with more than 70 African, Caribbean and Pacific countries 10 years ago on Thursday - on September 27, 2002 - aiming to help them trade their way out of poverty and to give EU businesses access to nascent markets.