Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-09-06-Speech-1-049"
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"en.20100906.16.1-049"2
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"The bilateral safeguard clause in the Free Trade Agreement between the European Union and the Republic of Korea is a protection measure which would be required if Korean imports were to threaten to cause serious harm to industry and jobs in the European Union.
The principle of duty drawback, whereby Korean companies are permitted to have customs duty refunded for major components, is particularly sensitive as it could benefit the latter and could also have a sizeable impact on European competitiveness.
The EU-Korea Free Trade Agreement remains a beneficial arrangement as long as it abides by the principle of fair competition. In this context, the Commission will need to monitor rigorously the trend in exports between South Korea and the European Union, especially in the sectors regarded as being vulnerable, and take rapid action to rectify any irregularity.
The control system deployed also needs to be strengthened to allow representatives from the industries affected, trade unions and social partners, as well as the European Parliament in its role as direct representative of the EU’s citizens, to sound the alarm bell and ask for an investigation to be launched.
The European Parliament’s role in the control system and the concerns regarding duty drawback are issues on which Parliament, the Council and the European Commission will need to reach a compromise rapidly. With this in mind, the vote for this report during this parliamentary session is a positive step, indicating Parliament’s readiness to adopt this regulation as soon as possible."@en1
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