Oxfam Warns Africa About EU Trade Deal

London-based charity Oxfam has warned African countries not to rush into signing the European Union (EU) Economic Partnership Agreements (EPAs) in their present form as this would result in opening up the continent's markets to EU trade "too fast and too deeply".

The institution feared that the move would at the same time expose vulnerable African farmers and fledgling industries to unfair - often subsidised - competition from Europe, said Luis Morago, head of Oxfam's EU Advocacy Office.

The call was made after Botswana, Lesotho, Mozambique and Swaziland recently initialed a free trade agreement with Europe. SA and Namibia are yet to sign the agreement.

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