Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-10-13-Speech-4-057-000"
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"en.20111013.4.4-057-000"2
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"Madam President, I fully share the honourable Members’ fight against protectionism generally. The Commission is putting particular emphasis on open markets and the role of trade in growth and jobs. This is why we are such staunch defenders of multilateral trade rules and why we continue to fight against protectionism in fora such as the WTO and the G20.
Throughout the economic crisis, we have managed rather well to maintain open markets and avoid the easy trap of closing them, which would have had very grave consequences. This is no different when it comes to our relations with the United States. We remain in close contact and address barriers where they arise, bilaterally or through the WTO system. The Transatlantic Economic Council plays a crucial role in preventing trade-distorting measures through a focus on non-tariff barriers, and I must say that this new approach agreed last year by Deputy National Security Adviser, Mike Froman, and Commissioner Karel De Gucht, is working well.
The whole idea of the Transatlantic Economic Council is to prevent divergent regulations before they arise, through upstream regulatory cooperation. In other words, working together in areas where we are just beginning to regulate in order to avoid barriers tomorrow.
This is at the heart of moving closer to a transatlantic marketplace where further integration will work for the creation of jobs and growth. Estimates put the number of jobs depending on transatlantic trade at 15 million and our joint aim is to strengthen this. The recent announcement of the American Jobs Act, which the honourable Member was referring to, would, according to available information, subject the proposed new spending on infrastructure to ‘Buy American’ requirements.
While this initiative is still at the stage of legislative proposal, we are closely looking into its details and potential impact on EU suppliers. We are raising our preliminary observations with our US counterparts both bilaterally and in the framework of the WTO Government Procurement Agreement. Our immediate aim is to ensure that the rights of our suppliers are not limited. We are generally concerned about such measures being envisaged or adopted by any trading partner. We believe that open trade should be promoted as an essential requirement for fast recovery."@en1
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