Local view for "http://purl.org/linkedpolitics/eu/plenary/2014-07-15-Speech-2-147-000"
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"en.20140715.9.2-147-000"2
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"Mr President, I should like to thank the Commissioner for addressing the issue of TTIP here in the Parliament with us today. It is vital that we keep in mind just how important a deal this is for the EU. We must grasp this opportunity: a free trade deal is good for growth and jobs, but this is particularly true of one of this scale. In the long term, we can expect it to boost the EU economy by as much as a hundred billion pounds annually, and this does not even take into account the benefits arising from the dynamic productivity gains which could be realised from a comprehensive deal.
For the individual man or woman on both sides of the pond, they will notice that they have more products to choose from – products which are of a better standard and at a cheaper price. But we must also ensure that the deal benefits businesses on both sides of the Atlantic, irrespective of size. We can help our smallest businesses by eliminating tariffs, by aligning customs processes at borders, and by increasing regulatory coherence between the EU and the US. If we take these steps, we can aspire to one day having a truly transatlantic market.
There are, of course, concerns amongst a wider European public about this deal, particularly when it comes to food standards and investor-to-state dispute settlement. EU negotiators have ruled out the inclusion of hormone beef and chlorinated chicken, so I hope that this scaremongering will stop. While the ISDS will be there to act as a safeguard for investors, I am pleased that the Commission has recognised concerns by launching a consultation with stakeholders on its provisions.
Commissioner De Gucht, I urge you to keep your foot on the gas – to use an American phrase – with this deal until the end of your term. It is crucial that we build momentum with this deal, and for that we need renewed political support on both sides. At the same time –and as important as this deal is – let us remember that we must maintain and develop our existing trade relationships, which we have worked hard to build up over a number of years. We must deliver jobs and growth for our citizens and stay committed to keeping our markets open."@en1
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