Local view for "http://purl.org/linkedpolitics/eu/plenary/2006-03-13-Speech-1-111"
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"en.20060313.18.1-111"2
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"Mr President, as I take the floor in this debate I should like to draw the attention of the House to two important issues.
Relocation, or the process of transferring economic activity abroad, is an objective economic process. It is a consequence of the need to respond to ever-fiercer competition that goes hand-in-hand with the need to reduce manufacturing costs. It is true that relocation results in job losses in certain countries, but only in the short term. Research has shown that, in the long term, additional jobs are created following relocation.
Research undertaken amongst 600 German undertakings by McKenzie, a firm of consultants, has confirmed that transferring jobs to Eastern Europe promotes the creation of additional jobs in Germany. For 40% of the undertakings studied the creation of one job abroad meant that three new jobs were created in Germany at the same time. The same is true of British and French enterprises investing abroad.
This being the case, setting up administrative barriers and imposing financial sanctions on enterprises wishing to relocate or on local authorities making public aid available to attract investors simply dos not make economic sense. I shall therefore be voting against Mr Hutchinson’s report."@en1
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