Local view for "http://purl.org/linkedpolitics/eu/plenary/2016-06-08-Speech-3-217-937"
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"en.20160608.35.3-217-937"2
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"I, along with my Group ALDE, supported the agreement on the waiver of short-stay visas between the European Union and the Republic of Palau. This is politically significant in the context of the Cotonou Agreement – and is an additional way of stepping up economic and cultural relations and intensifying political dialogue on various issues, including human rights and fundamental freedoms. The visa-waiver agreement will simplify travel for business people on both sides, facilitating investment and boosting tourism. Palau’s economy is based primarily on the service sector, which accounts for 86% of GDP, with a booming tourism sector, thanks also to the increase in the number of flights serving the island. Palau has one of the highest standards of living of the Pacific. Relations with the EU have strengthened since the admission in 2000 of Palau as an ACP country. While investment and trade with Palau are currently unstable and low in terms of value and in relative terms, they have strong potential for development which could benefit European investors and businesses."@en1
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