Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-10-25-Speech-4-560-000"
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"en.20121025.35.4-560-000"2
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".
The World Trade Organisation is an organisation for big international business which groups many countries around a fundamental idea – the principle of free and unfettered trade in goods, services and intellectual property. The winner in this trade is not state protectionism, but competitiveness, as the motor for the global progress of civilisation. It does, however, throw up global challenges: delocalisation of capital, local structural unemployment, and even crises, like the one we are currently experiencing in Europe. Russia is a big economic player on a global scale, which, like China, may exert an influence on the European debt crisis, which is a consequence of free, but unbalanced, trade. This means there is an urgent need for global mechanisms to bring equilibrium to the trade balance. As a WTO member, Russia will become a more predictable partner for the EU, which will reduce the risk of trading with that country and enable the trade deficit of some EU countries to be limited. Russia is a large supplier of mineral raw materials, including gas and oil, and of natural raw materials – cereals and timber. At the same time it is a vast sales market for investment and consumer goods. The accession of Russia to the WTO will without doubt benefit both parties: the EU and Russia. As is usual in such instances, during the transition period this may be accompanied by phenomena such as a rise in unemployment in this country and migration flows, and even by dumping practices. We must also bear in mind that Russia also forms part of an independent customs union with three states that are not WTO members."@en1
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