EU Trade Commissioner Peter Mandelson advocates open market for Europe
20 Sep '05
2 min read
Addressing Market Access Symposium at the European Parliament, Brussels, on September 19, 2005 titled "Open markets, open trade: Europe's global challenge," EU Trade Commissioner said:
“The European economy stands or falls on our ability to keep markets open, to open new markets, and to develop new areas where Europe's inventors, investors and entrepreneurs can trade...”
In this speech to the 5th Market Access Symposium in the European Parliament in Brussels, EU Trade Commissioner Peter Mandelson addresses the EU's trade performance and profile and its development in the face of global competition.
He argues that the EU must match an aggressive export strategy with a clear acceptance of the value of greater openness to imports, and a strong commitment to lowering the EU's tariff and non-tariff barriers. He argues that a successful Doha Round is crucial in this respect.
Mandelson reasserts the case for renewed competitiveness, free trade and market opening as the only means for Europe to benefit from globalisation.
He rejects the claim that higher growth based on such policies will increase inequalities and erode Europe's social values. Rather, he argues that liberal economic policies must go hand in hand with modern social policies that attack the insecurity and inequalities associated with globalisation, giving support to those affected by necessary industrial restructuring, demands for new skills and changing flows of trade.
Open PDF file Open Markets for Peter Mandelson's speech.
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
