Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-11-10-Speech-3-043"

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"en.20101110.14.3-043"2
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"Mr President, the world’s centre of gravity is steadily shifting from the West towards the East, with the emergence of new global powers like China and India. In this new context, while the EU remains the first commercial power in the world and the US continues to be the first commercial partner of the EU, our cooperation is much more than that: it is a core element of the international system as it is based on common values, historic ties and strategic interests, which is not always the case for other strategic partners. From an alliance of necessity during the Cold War, the transatlantic partnership has evolved into an alliance of choice. The emergence of a multi-polar world dictates the need for a new definition of modalities for cooperation between the two sides on all existing bilateral and global issues. We reiterate the EU Council’s conclusions of last September, asking for fresh impetus to be given to the transatlantic relationship and for renewed reflection on ways of creating a true partnership based on our respective strengths and specificities. The transatlantic partnership should concentrate on maximising the potential benefits of our economic relationship, with the reinforcement of the Transatlantic Economic Council. Unilateral actions, such as the quantitative easing by the Federal Reserve, are as worrying as the depreciation of the renminbi."@en1
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