Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-02-10-Speech-3-689"

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"en.20100210.34.3-689"2
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"Mr President, I welcome this trade settlement between the European Union and South Korea. In welcoming this, I would say that, in all agreements of this nature, there are going to be winners and losers. Unfortunately, in this instance, the Automobile Association seems to be pointed out as the loser, but I would say that, with automobile demand likely to grow over the next 20 or 30 years fourfold at least, there may be an opportunity there. But the overall question pointed out by the Commissioner of the EUR 19.1 billion advantage to the European Union and EUR 12.5 billion to South Korea is a good deal in my book. If it was the other way round, we might have cause for concern. Also, we cannot underestimate the political importance of South Korea psychologically in extending the hand across the oceans to Asia – something which is very important to them – and also, where we are concerned, in re-establishing our place in the world, which was somewhat undermined in Copenhagen."@en1

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