Local view for "http://purl.org/linkedpolitics/eu/plenary/2006-10-11-Speech-3-157"
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"en.20061011.16.3-157"2
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"Mr President, the impact of these tariffs will be to increase shoe prices for my constituents in London at a time when families, especially those on lower incomes, are already facing higher energy bills. With these tariffs, the EU has effectively levied a tax on consumers in a vain attempt to protect shoe manufacturers in certain countries who need to face up to the fact that they cannot produce shoes more cheaply than Asian countries. Globalisation is a reality; we in Europe should not be burying our head in the sand and hiding from it. The most successful European companies have embraced globalisation and outsourced low-value manufacturing to China and Vietnam.
We are also deluding ourselves if we believe that duties imposed on Chinese and Vietnamese shoes will lead to more European jobs. Retailers will simply fill the gaps with more imports from other countries such as India and Indonesia, and indeed this has been shown to be the case.
When will we realise that free trade is good for European consumers and creates more and better jobs in the long run? It may be painful for some, but the EU will gain in the longer term."@en1
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