Local view for "http://purl.org/linkedpolitics/eu/plenary/2009-03-26-Speech-4-151"
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"en.20090326.16.4-151"2
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"The Free Trade Agreement with India marks another step taken by Europe and India towards opening up the world economy and expanding its benefits. It is also a particularly significant sign in the current context. I therefore welcome the conclusion of this agreement. Having examined it, however, I am forced to make a few more critical remarks.
In order for free trade to function properly, a set of rules preventing counterfeiting and the use of products prohibited in the destination countries must be respected. Indications of origin must also be clear. In short, information must be available and transparent and international agreements must be respected.
Another important aspect is the idea that the benefits of free trade are mutual. In other words, opening up borders does not only mean opening up the markets of developed countries to products from third countries. The virtues of free trade consist of the mutual opportunity to exchange goods and the opening up of economies; these virtues must be extended to developing or rapidly growing countries. This will only happen if the barriers to trade and investment in these countries are also reduced."@en1
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