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Africa and Europe reaffirms commitment to EITI

[img_assist|nid=292|title=|desc=|link=none|align=right|width=150|height=105]European and African leaders met in Lisbon in 8-9 December 2007 for the Africa-EU Summit. In the Action Plan 2008-2010 that was decided, Europe and Africa commits to continue to promote the EITI.

The Action Plan states that it is a strategic priority to:

Promote transparency in the management of natural resources and conduct a dialogue on relevant international initiatives such as the Extractive Industry Transparency Initiative (EITI);

Also, in the Joint EU-Africa Strategy, Africa and EU pledges to enhance cooperation between the two in promoting the EITI:

36. Africa and the EU will enhance cooperation in the context of international initiatives to counter the illicit trade and to promote the transparent and equitable management of natural resources, such as the Kimberley certification process, the Forest Law Enforcement Governance and Trade (FLEGT) and the Extractive Industry Transparency Initiative (EITI). Africa and the EU will also, together, address issues relating to the fight against corruption, bribery, counterfeiting, money-laundering, tax-fraud, as well as other aspects of economic governance. In this context, both sides will take measures to facilitate the investigation and return of illegally acquired assets, including funds, to their countries of origin.