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Committed to multilateral trade but shoring up those bilateral agreements just in case (Photo: Fabrizio Federici)

Mandelson announces EU bilateral trade drive

Often caught between the whims of protectionist and liberal member states, the European Commission on Wednesday firmly tied its colours to a liberal mast proposing a trade policy revamp focused on new markets and stamping out protectionism.

Announcing the trade paper, EU trade commissioner Peter Mandelson said "The core message of today's review is clear: rejection of protectionism at home; activism in opening markets abroad."

Mr Mandelson made the announcement shortly after Franc...

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