Local view for "http://purl.org/linkedpolitics/eu/plenary/2006-09-05-Speech-2-034"

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"Mr President, I wish to say straight from the outset that I agree absolutely with Commissioner Mandelson's approach and the considerations he expressed. There can be no doubt that our basic objective must continue to be the successful completion of the Doha Round negotiations. This will be in the interests of the European Union and the Member States. However, this success cannot be achieved at any cost, nor can it be achieved with unilateral concessions on the part of the European Union. I believe that the time has come for us to answer a crucial question of strategic importance: can the institutional structure of the World Trade Organisation, as we have known it since it was established in 1995, serve the strategic objective of the European Union for a democratic, multilateral trade system? I fear, on the basis of our experience to date and given the failure of the Doha Round negotiations, that it cannot do so. The World Trade Organisation currently generates more crises than it can resolve. That is why I consider the priority for an initiative to be taken on the part of the European Union for a major ambitious democratic reform of the World Trade Organisation to be of strategic importance, just as I consider the need for the European Union to submit an integrated strategic trade policy for the development of bilateral and regional trade relations to be of strategic importance. That is exactly what the United States are doing, Mr Mandelson, as you well know; over and above the Doha Round, they are developing their bilateral and regional trade relations. We need to and must do the same. Today, regional and global correlations of not only commercial but also political strength are being shaped and the European Union must not get left behind in this major strategic venture."@en1

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