Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-05-23-Speech-3-317-250"
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"en.20120523.15.3-317-250"2
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"I abstained from this vote as while China, having acceded to the WTO in 2001, should respect WTO rules by liberalising trade and opening its markets; and while, so far, its efforts in this regard have not been satisfactory by any means; while the Chinese economy does not fulfil the criteria of a market economy as defined by the WTO; and while China continues to operate not in full compliance to international standards, I do not believe the EU, as a supranational body, should possess such responsibilities as to author trade pacts with third countries that subsume independent BITs of Member States, thus speaking on behalf of all 27 national economies on the global stage. Necessary economic austerity drives the need for increased competition. The European Union is in the midst of an economic crisis and is crippled by anaemic growth rates; it needs inward investment and expansive trade. This requires less centralised pontification from Brussels-based bureaucrats and instead idiomatic, nationalised bilateral trade flows."@en1
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