Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-09-13-Speech-4-170-000"
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"en.20120913.29.4-170-000"2
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"Mr President, the association agreement between the EU and Central America undoubtedly offers a good deal for both partners, and I fully support it. The opening of markets in industry, agricultural services, government procurement and investment goes further than the commitments undertaken with the World Trade Organisation and surpasses the existing EUR 12 billion trade relationship.
While I, for one, believe the bilateral safeguard clause must exist along with the agreement to prevent injury or threat thereof to the EU banana industry, I also believe that, in its current form, it presents a number of problems. These include: the involvement of the European Parliament in initiating an investigation in the framework of the bilateral safeguard clause and the stabilisation mechanism; the lack of a clear definition of ‘threat of serious deterioration’ for activation of the clause; the additional further socio-economic indicators of top Colombian and Peruvian exports; and import statistics for monitoring the effects of the FTA.
So I am pleased that this has also been referred back to the committee, and I look forward to discussing these issues. I do not want to see trade agreements literally held up for a bunch of bananas."@en1
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