EU plans trade as well as aid for tsunami-hit countries

The EU announced on Tuesday (11 January) that it was considering changes in its trade policy to help countries ravaged by the tsunami.

In a statement, the European Commission said it was planning to speed up implementation of its so-called "Generalised Preference System" (GPS).

This system allows third-world countries to benefit from better trade terms with the EU, by providing preferential access to imports from developing countries.

The countries to benefit most would b...