Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-03-24-Speech-4-229-000"
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"en.20110324.22.4-229-000"2
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"It is more important than ever for the European Union to have a free trade agreement with the Gulf states. The record in terms of negotiations on such an agreement is poor as far as their duration is concerned. The situation has obviously changed several times in the 20 years since they started. The Gulf region’s geopolitical climate is different now, entailing global and regional implications. We have to deal with the liberalisation and diversification of the economies in these states. At present, the Gulf states are much more than mere trade partners, as they have an ever-increasing influence on the financial sector and diplomacy, not to mention other areas. Indeed, their influence will continue to grow. This creates a new outlook for the European Union, which understands that cooperation between both regions extends beyond trade. We have shared interests in the areas of international security, the fight against terrorism, diplomatic mediation in the tension zones in the Middle East, regional crisis management, intercultural dialogue and global economic governance. The EU has certain advantages to draw on by comparison with the new players in the Gulf region, provided that political will is shown at the highest level."@en1
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