Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-03-24-Speech-4-237-250"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2011-03-24"^^xsd:date2
dcterms:Is Part Of	lp_eu:Explanations of vote2
dcterms:Language	"pt"^^xsd:language2
lpv:document identification number	"en.20110324.22.4-237-250"2
lpv:hasSubsequent	lp_eu:2011-03-24-Speech-4-237-5002
lpv:speaker	lp:Nuno Melo2
lpv:spokenAs	member_of_the_bureau; EPP (2009-07-14--2014-06-30)3 member; LIBE (2009-07-16--2012-01-18)3 vice-chair; Delegation for relations with the Mercosur countries (2009-09-30--2014-06-30)3 substitute; Delegation for relations with the Palestinian Legislative Council (2009-09-16--2014-06-30)3 substitute; DROI (2009-07-16--2012-01-18)3 unknown; Partido Popular (2009-07-14--2014-06-30)3 substitute; ECON (2009-07-16--2012-01-18)3 member; Delegation to the Euro-Latin American Parliamentary Assembly (2009-09-16--2014-06-30)3
lpv:translated text	"Negotiations between the EU and the Gulf Cooperation Council (GCC) have already been taking place for more than two decades, in an attempt to negotiate a free trade agreement. This puts these among the longest-running non-conluded trade negotiations that the EU has undertaken. Now, in the course of 20 years, the context of the negotiations has changed profoundly. The GCC states have subtantial financial clout in the form of sovereign wealth funds, which amounted to more than USD 1 380 billion in 2009, in other words over 35% of the world total. The GCC member states have become the economic powerhouse for the entire Middle East/North Africa region, representing more than 40% of the national wealth generated in this area and holding 50% of its official currency reserves, in other words USD 1 070 billion. Given the massive financial and economic potential of these countries, we have to make use of the current context if the negotiations are to reach a successful conclusion."@en1

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