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Gold/Mining/Energy : Red Sea Oil Corporation (RSO)

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To: Donald Lickman who wrote (248)9/15/1999 7:00:00 AM
From: Greywolf  Read Replies (1) of 332
 
eu offers libya membership of barcelona process,


london, sept. 15, -- the european union has adopted a new common
position on libya, offering the north african country full membership
of the barcelona process aimed to set up a free trade zone with
mediterranean states.
in a draft declaration monday, european foreign ministers said
that they had agreed to "propose to the other partners in the
barcelona process to offer libya to become a full member" as soon
as it had accepted the whole terms.
the change in policy also confirmed the lifting of sanctions
against libya that were first applied in 1986 in reaction to
tripoli's alleged support for terrorism.
"the decision is taken in the light of the report presented by
the u.n. secretary general on june 30, which cites several elements
suggesting that recent acts by the libyan authorities were
indicative of the libyan government's renunciation of terrorism,"
the declaration said.
the rapid rehabilitation of libya follows tripoli handing over two
agents for trial in the hague, who have been accused by britain and
the u.s. of the 1988 bombing of a pan am jet over lockerbie in
scotland.
the lifting of sanctions, which includes the removal of
restrictions of diplomatic personnel, leaves only an eu arms
embargo in place against libya.
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