Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-10-25-Speech-4-039-000"
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"en.20121025.11.4-039-000"2
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"Mr President, in an ever more globalised world it is vital the UK does not put all its eggs into one basket. We are disproportionately affected by the eurozone crisis because we are too tightly bound to Europe, with whom we trade at a deficit. The Commonwealth represents a far broader international and diverse market place with similar systems of governance and a common language and includes some of the fastest-growing economies in the world.
Commonwealth markets have grown by 7.3 % over recent years, while the EU markets look set to contract. Yet we are limited as to how far we can exploit our ties with the Commonwealth due to EU membership. Domestic bilateral trade and investment treaties become subsumed under the new EU trade negotiations, disabling the UK from forging independent and prosperous import and export contracts with the wider world. The EU model is cumbersome and outdated. The UK must embrace globalisation as a dynamic nation with full sovereignty over policy. Isolating ourselves from the rest of the world by shackling ourselves to a failing EU project is dangerous."@en1
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