Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-02-15-Speech-2-209-000"
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"en.20110215.22.2-209-000"2
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"This proposed amendment to the Trade, Development and Cooperation Agreement (TDCA), with a view to including a ‘comprehensive development assistance envelope’, should be examined in the light of the efforts that the EU has been making for South Africa to conclude an Economic Partnership Agreement (EPA), seeking to overcome criticism and legitimate resistance to both the current TDCA and what the EU intends to become the EPAs. The TDCA has exacerbated the economic asymmetries between the two parties to the EU’s advantage, as it has increased its exports to South Africa. The EU’s policies on the ‘liberalisation of trade in goods, services and capital’ have clearly failed.
The worsening of the economic and financial crisis of capitalism bear this out. Competitiveness has been promoted instead of mutual assistance and reciprocity, imposing a division of labour that has meant the export of agricultural products from South Africa and the export of industrial products from the EU. The beneficiaries are the same as ever: the major EU powers and their economic interest groups. The consequences are plain to see, not only for developing countries, but also for EU countries such as Portugal: the weakening of productive sectors, an increase in external dependency, unemployment, poverty, etc."@en1
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