INTRODUCTION Lebanon has signed a trade agreement with the European Economic Community. The agreement completes?
GV INT EEC Deputy Director General in charge of development, Mr. Maurice Foley, and Lebanese representative Mr. Kesrouan Labaki signing agreement at EEC headquarters in Brussels, Belgium
SV Mr. Foley speaking in English (3 shots)
SV Officials attending ceremony
SV Mr. Labaki and Foley drinking toast
SCU Mr. Labaki speaking in Arabic
TRANSCRIPT SEQ 2: FOLEY: "This is something that we all want to see and wanted to happen. Because all the people in the Community have followed with concern and sympathy the events in your country. This is the first sign, the rest will follow. So to me and to my colleagues and to the member states represented here this is the beginning of a new arrangement. This brings the Lebanon along with all the rest of the Mashraqueh countries, this brings you in line with them. It helps to complete our Mediterranean policy."
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Background: INTRODUCTION Lebanon has signed a trade agreement with the European Economic Community. The agreement completes the intricate network of trade, aid and co-operation pacts that the Community has been negotiating with Arab states bordering the Mediterranean.
SYNOPSIS: The signing ceremony took place in the Community's headquarters in Brussels on Wednesday (16 February). The EEC's Deputy Director General in charge of development, Mr. Maurice Foley, was optimistic about the advantages deriving from the agreement.
The European Economic Community has already signed similar agreements with Algeria, Morocco, Tunisia, Egypt, Jordan and Syria. The pacts offer duty-free entry to the Community's market for most industrial products and raw materials. But the Lebanese representative Mr. Kesrouan Labaki, didn't find the agreement completely satisfying.
The head of the Lebanese delegation voiced his disappointment at the modest financial aid package offered to his country. A total of about 20 million sterling (34 million dollars), mostly in the form of loans, did not respond to the reconstruction need of Lebanon, he said. His government would shortly be submitting a request for special emergency aid to help to rebuild the country's economy. The EEC's Council of Ministers raised the idea of Mediterranean agreements five years ago. Since then various arrangements have been made for a approach to the whole region, including the gradual creation of a Mediterranean free trade area and provisions for technical and financial aid.