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Wednesday, 11 May 2011 - Strasbourg OJ edition

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Text tabled : B7-0287/2011

  Maria do Céu Patrão Neves (PPE), in writing. (PT) The rules-based multilateral trade system put in place by the World Trade Organisation (WTO) represents the most suitable framework for regulating and promoting open and fair trade, and the EU is in favour of incorporating developing countries into the international trade system. At the same time, bilateral agreements such as the one being analysed at present are specific mechanisms that can help achieve the mentioned objectives. I voted in favour of this resolution on trade relations between the EU and Japan as I am convinced that the EU-Japan Free Trade Agreement (FTA) has the potential to benefit both economies. Indeed, the existence of open and fair trade is a powerful tool for generating more growth and social welfare, building on the comparative advantages of each respective economy and potential synergies flowing from greater economic integration and new inputs to a knowledge-driven economy This means boosting the EU-Japan market, which, together, already represents more than a quarter of world gross domestic product (GDP) and more than 20% of world trade.

 
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