Local view for "http://purl.org/linkedpolitics/eu/plenary/2002-07-02-Speech-2-227"
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"en.20020702.10.2-227"2
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".
Mr Rübig, the answer to your question is yes. The protectionist measures taken by the US have caused a significant price increase in the American market. Elsewhere, including in Europe, prices are currently suffering a short-term decline. The price difference between the American market and the European market has increased. To take the example of hot-rolled steel, the price in Europe is approximately EUR 250 per tonne compared with EUR 400 per tonne in the United States. The difference is therefore considerable.
This difference can be compared to a safety net, created by the American protectionist measures, which leads to a more comfortable situation for American manufacturers in terms of their prices, profitability and finances. We are told that they are supposed to make use of this safety net for restructuring. The question is to know whether, in the very short time that the WTO is allowing them and that we are allowing them, there is a realistic chance that the American industry will restructure and tackle the problems relating to their competitiveness that lie at the root of their problems. We have not yet received an answer to this question, but my personal prediction is unfortunately not optimistic.
The second point is I think that we are trying to protect the Union’s interests and to ensure compliance with international trade rules. If all the members of the WTO decided to use the safeguard clause in generating the interpretation that the Americans are currently using, there would undoubtedly be chaos in a number of world markets. I would like to reassure Mr Rübig, so that he knows that when the Council of Ministers and Parliament are united in support of the negotiator, the negotiator’s task is made much easier."@en1
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