Local view for "http://purl.org/linkedpolitics/eu/plenary/2006-09-05-Speech-2-012"
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"en.20060905.5.2-012"2
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".
Mr President, there can be no doubt that the costs of the failure of the Doha Round negotiations are high and will increase in the event of a definitive breakdown.
The stability of the global trade system calls, in my opinion, for new dynamic impetus to the link between commercial interdependence and joint responsibility between the European Union and the United States of America and this link between interdependence and joint responsibility must be verified.
With Mr Barón Crespo before me and his country's victory over Greece in the World Basketball Championship in mind, I would suggest that we look on the outcome of these negotiations so far as time out rather than a definitive breakdown.
These costs arise
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Firstly, from lost earnings to the global economy, development and employment, earnings which the successful completion of negotiations would have generated.
Secondly, from the undermining of progress in certain sectors of activity which are especially important to developing countries.
Thirdly, from the weakened credibility of the World Trade Organisation itself.
I believe that the danger in the event of a total failure far outweighs the danger of achieving an albeit less ambitious overall agreement, although an agreement cannot be accepted at any cost to the Union.
The European Union maintained a constructive and responsible position. It tabled noteworthy proposals and abandoned many of its objectives right from the start of the round. Consequently, any return to the negotiating table depends on flexibility on the part of other leading trade partners if we are to envisage a balanced result.
We, as the Group of the European People's Party (European Democrats) and Christian Democrats, continue to advocate multilateralism. The commitment to a multilateral trade system makes a decisive contribution towards security, transparency and the stability of international trade. It also helps to disseminate enhanced economic interdependence across international political cooperation. The breakdown of multilateralism contains within it the danger of sectoral trade conflicts and the revival of regional trade strongholds.
Consequently, the successful completion of multilateral trade negotiations should remain – as the Commission and the chairman of our committee emphasised – the supreme choice, the supreme priority on the Union's agenda. At the same time, we must strengthen supplementary strategies of bilateral and cross-regional relations with other important partners."@en1
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