Local view for "http://purl.org/linkedpolitics/eu/plenary/2004-10-27-Speech-3-100"
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"en.20041027.7.3-100"2
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"Mr President, for reasons of principle, I would prefer the chairman of the Committee on International Trade, Mr Barón Crespo, to speak first, but parliamentary order dictates otherwise.
The geo-strategic and geo-economic importance of India are self-evident. As draftsman of the opinion of the Committee on International Trade, I should like to focus on the following: it has already been said and it is a fact that, for the European Union, India is only the fourteenth most important trading partner. On the other hand, the European Union is India's main trading partner and the greatest source of foreign investment. Consequently, these are important trade links, although there is still room for greater improvement, given that the volume of trade and investment has not reached its full potential.
As you know, the huge population in India creates the preconditions for a broad range and large number of potential consumers of European products. Nonetheless, the precondition on India's side is that it needs to open up the market further and introduce economic reforms. Indeed, it is in the common interests of the European Union and India to work to promote trade and investment, at both multilateral and bilateral level. At multilateral level, the European Union and India need to highlight common objectives and common ground in order to bring negotiations on the Doha development programme to a successful conclusion. For example, both sides have a common interest in protecting indications of origin. There is also room to further increase and intensify work at bilateral level. Customs cooperation between the European Union and India forms a good basis, as does holding a dialogue on matters such as investments and intellectual property rights.
To conclude, I should like to mention India's development policy, to which the European Union could contribute by giving priority both to the attainment of the development objectives of this country in general and to improving governance, the quality of the environment, social and economic cohesion, the social insurance system and the adoption of international working standards, as provided for by the International Labour Organisation."@en1
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