Local view for "http://purl.org/linkedpolitics/eu/plenary/2005-09-29-Speech-4-053"
| Predicate | Value (sorted: default) |
|---|---|
| rdf:type | |
| dcterms:Date | |
| dcterms:Is Part Of | |
| dcterms:Language | |
| lpv:document identification number |
"en.20050929.5.4-053"2
|
| lpv:hasSubsequent | |
| lpv:speaker | |
| lpv:spokenAs | |
| lpv:translated text |
"Mr President, our raising the issue of the very serious difficulties that our companies are experiencing as a result of Chinese competition, has nothing whatever to do with any fear on our part of fair competition, or with our possible criticism of the free market. It is certainly true, though – and we have to face up to this – that our consumers benefit to some extent from the price cuts and that European companies see opportunities for growth in the Chinese market.
The problem, however, has not gone away. China is a Communist dictatorship with a state economy that is unfamiliar with the game of fair competition. More than half of China’s industry is owned by the state and receives interest-free funding without any real obligation to pay the loans back. The value of the Chinese currency remains artificially low.
That, as well as many other unreasonable factors – forced labour springs to mind, as do inhumane working conditions – result in our markets being flooded by Chinese finished products at prices for which our own companies can sometimes hardly buy the raw materials.
I would like to make it clear once again that whilst this is not an argument against the free market, or indeed, against free competition, Europe has the duty to protect its companies and to guarantee fair competition, and this has, unfortunately, recently fallen by the wayside. Given the way in which the Commission has mismanaged the textiles issue, we, in fact, fear the worst for the future."@en1
|
Named graphs describing this resource:
The resource appears as object in 2 triples