Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-12-04-Speech-4-153"
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"en.20081204.20.4-153"2
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"I voted for this report because the Agreement will contribute to the effective application of competition legislation by promoting cooperation between competent authorities and by reducing the likelihood of conflicts breaking out.
Korea is the EU’s fourth largest non-European trading partner and the EU is Korea’s largest foreign investor.
Given the growing importance of this partnership it seems appropriate that Korea should be added to the three other partners with which the EU has agreements concerning cooperation on anti-competitive action.
The agreement provides for notification of action taken by a competition authority to enforce the legislation which could affect important interests of the other party, mutual assistance, including the possibility for one side to ask the other to undertake enforcement action, and coordination of enforcement activities as well as exchange of information. There are also measures concerning confidentiality.
In a wider perspective, we need to underline the importance of multilateral trade and competition rules for achieving free and open cross-border markets"@en1
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