Local view for "http://purl.org/linkedpolitics/eu/plenary/2006-05-31-Speech-3-118"

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"Mr President, I should like to express my warm congratulations both to Mr Brok and to Mrs Mann for the creative contributions to the dialogue which they have presented to us today. As shown by the relevant statistics, which I will not comment on due to lack of time, EU-US economic relations are characterised by symmetry and acute interdependence. Any crises which arise from time to time are, in my opinion, factors of the – so far – unresolved question of the management of this interdependence. This interdependence does not relate only to the past; it also relates to the new global economic and social challenges, including the so-called Millennium Goals. Meeting these global challenges depends on moving bilateral relations from the current level of pronouncements to a cohesive, transparent and stable institutional framework and a more harmonised bilateral regulatory environment. A transatlantic market without barriers is a feasible objective; it just needs to be based on a new and unified regulatory architecture. Enlargement and intensification of the areas of close cooperation between the European Union and the USA are expected to have a positive spillover effect on all the problems which constitute the challenges of the contemporary global agenda. I would refer, among other things, to the promotion of common principles and values, such as democracy, the rule of law, defence of fundamental rights and freedoms, taking a broader view of the global trade order, effective international environmental protection, combating terrorism and organised crime and establishing a new financial architecture. By contrast, breaking the cohesion in EU-US relations will exacerbate international uncertainty and will have adverse repercussions on global cooperation, peace, stability and security, both political and economic. The completion of negotiations at the Doha Round constitutes, as Commissioner Mandelson has also said, a test ground for this close relationship between the European Union and the USA."@en1

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