Home Page
An experienced guide to the world of finance
providing tools and information that help make
best financial decisions
My FinanceGates.com Register
 
Home  | News   |  World News 



Market News Insurance Billing
Banking Business News World News
Funds Brokerage

Tuesday April 05, 04:43
US is likely to quit EU 15-year prohibition on weapon sale to China
(by Tash Koon)

U.S., with lawmakers on its side and European Parliament support, is likely to counter Franco-German attempts to end the EU 15-year prohibition on weapon sale to China.

«European lawmakers and the U.S. have a very broad common understanding about keeping the embargo in place,’’ said the chairman of the EU parliament’s foreign affairs committee Elmar Brok at a press conference with Zoellick today in Brussels.

The embargo on the sale of weapons to China was set after the events on the Tiananmen Square in Beijing 1989, when the military tanks drove into the teenagers, who were participating in a demonstration for democracy. But recently the Chinese jails released a couple of political prisoners, and the EU decided to quit the embargo. This turns out to be really unfavorable for the US economy, and U.S. President George W. Bush does his best in order to prevent the EU decision.

Moreover, China promised that it will lead troops in Taiwan if it dares to announces independence, and the EU is facing a dilemma concerning what to do with this embargo on weapon sales.

All world news
Read the related news and articles:
31 May 2005 06:48 AM French Prime Minister has resigned after ’No’ vote on EU treaty
25 May 2005 10:29 AM German IFO index fell to 92.9 in May
24 May 2005 06:39 AM German ZEW Indicator unexpectedly fell to 13.9 in May
20 May 2005 05:33 AM French GDP rose 0.2% in the first quarter
19 May 2005 12:09 PM EU may suffer if France rejects Constitution
 


   KEYWORD SEARCH

KEYWORDS:

   SUBSCRIPTION
Join FinanceGates.com mailing list and get news and financial advices on home finance, auto finance, insurances, funds, online payments and much more.


Copyright © FinanceGates.com - independent financial advice and personal finance advice, an InternetGates.com company, 2003-2008. All rights reserved.
Finance Gates provides personal finance advice on banking, insurance, investing and billing.
Reading materials of this site you can be sure that you get independent financial advice.