Local view for "http://purl.org/linkedpolitics/eu/plenary/2006-05-31-Speech-3-162"
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"en.20060531.15.3-162"2
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"Trade is a fundamental instrument in the current international context. Trade agreements among countries can ensure political stability and form a solid basis for more or less lasting diplomatic agreements. Increasingly, therefore, they are the main players in a world based essentially on economic principles. Trade thus provides an extremely important vehicle and opportunity for economic and social development, but it is also a weapon – largely in the hands of the developed countries – that needs to be used with care, since it can irreversibly determine the future of a country or a geographical area.
It is therefore absolutely crucial for Western countries to make a conscious effort to ensure that current trade practices and new agreements help to narrow the gap between North and South, rather than widening it through procedures that take no account of national differences. While liberalisation is a global and now irreversible process that can bring well-being and wealth by creating new opportunities in developing countries, it must still be regulated according to the differing situations where it is to be carried out. It must also be backed up with specific measures to ensure that economic development keeps pace with, and does not outstrip, appropriate and necessary development in other basic sectors, such as health, education and social policies."@en1
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