Local view for "http://purl.org/linkedpolitics/eu/plenary/2005-05-11-Speech-3-281"

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". Mr President, the challenge of the Hong Kong Conference lays down the boundaries of the credibility, operational acceptance and dynamism of the WTO. the WTO, which satisfactorily promotes the efficient distribution of resources; an international economic organisation for international economic stability; an international development organisation for the international redistribution of resources and support for the development of poor countries; an international environmental organisation for the protection and improvement of the global environment and natural resources. The terms of the globalised economy dictate new overall regulation of the global economic system on the basis of the social and ecological market economy, regulation which will promote the distribution of resources, stability, international solidarity and environmental and consumer protection. In my opinion, there are five structural reasons hampering the negotiations of the Doha Round: First, the inability of leading trade partners to reconcile themselves to ceding internal financial and political independence. Secondly, the difficulty in taking decisions, due to the huge increase in numbers in the WTO, accompanied by its increasing heterogeneity. Thirdly, the lack of equilibrium in the liberalisation of trade between advanced trade systems. Comparatively speaking, the Union has made the greatest concessions, with the result that the European market is the most open market in the world. Fourthly, the unwillingness on the part of other international actors also to assume a leading negotiating role. Fifthly, the defensive stand of the developing countries towards the new subjects of negotiation. The extension and reinforcement of the multilateral regulatory framework of the WTO, which constitutes the EU strategy, is limited by the principle of the specialisation of international organisations. This principle also lays down the boundaries of the further development of the WTO both in the global organisation of social policy and in the global organisation of environmental issues. Consequently, what needs to be established, in my opinion, is a new global 'umbrella' architecture to house the following pillars:"@en1

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