The Nationalist government's primary aim was to radically transform Malta's economy in an effort to meet EU standards in time for the next round of enlargement. The elimination of trade barriers, deficit reduction, and more efficient tax collection comprise the most significant elements of the government's EUharmonization plan. Malta was formally invited to join the EU in December 2002, with accession planned for May 2004.
Comment about this article, ask questions, or add new information about this topic: