Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-05-09-Speech-1-166-000"
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"en.20110509.21.1-166-000"2
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"Madam President, I co-signed this initiative to table an oral question and a resolution in advance of the 20th Japan-EU Summit because I believe that the European Parliament, which will be asked to give its consent to any potential free trade agreement with Japan, should have its say at the earliest possible stage.
I believe that this opportunity should be used by Parliament to strongly support an FTA with Japan for the following reasons.
The European Union and Japan are industrial giants that share democratic values and together represent 38.5% of the world’s gross domestic product. We share similar challenges: the rise of China, the global financial crisis, decreasing demographics and the need to access raw materials and energy sources and to achieve price stability.
Therefore, I see great potential in further developing trade relations with Japan, our sixth largest trading partner. The economic benefits are clear. The Copenhagen Economics report concluded that the bilateral elimination of tariffs and reduction of non-tariff barriers would benefit both businesses and consumers and drive economic welfare by EUR 33 billion in the EU and EUR 18 billion in Japan.
The potential launch of negotiations on an FTA agreement was backed by the Council as long as Japan was willing to tackle non-tariff barriers on market access and restrictions on public procurement. I would like to reiterate that non-tariff barriers and public procurement are crucial areas for European businesses where Japan needs to make significant concessions.
Of course, the European Parliament demands that the Commission be fully transparent in all negotiations and that we be provided with timely sectoral impact assessments. In addition, we will support bilateral safeguard measures, as was the case with the South Korea FTA, to avoid serious injury to sensitive sectors such as automotives, electronics, aviation and machinery.
In conclusion, I am firmly convinced that it is high time that Parliament showed its support for a future FTA between the EU and Japan, building on the establishment of a high-level group, especially in the wake of the March 2011 disaster."@en1
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