Local view for "http://purl.org/linkedpolitics/eu/plenary/2006-10-24-Speech-2-295"
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"en.20061024.33.2-295"2
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".
I think that economically the emerging economies can certainly take on the sort of requests we are making, not only because they are obliged to reciprocate proportionately and commensurately, because that is the principle on which the world trade system and its negotiations are based, but also because they would benefit from it. They would benefit from the progressive opening-up of their industrial sectors by a reasonable lowering of their applied industrial tariffs. I say ‘applied’ because the bound duties will come down. They are already being reduced autonomously in many cases amongst the emerging economies. I do not underestimate the benefit to the global economy as a whole, as well as to us in Europe, of those autonomous reductions in tariffs being consolidated by means of a ratchet so that the liberalisation cannot be reversed.
I think it is understood by our negotiating partners that, quite apart from the economics, the politics dictate that there must be reciprocity, flexibility and moves in the area of industrial tariffs and services if we are going to be able to demonstrate clearly to our constituents that there really is a worthwhile return for the enormous payments we are making into this round in order to bring the negotiations to a successful conclusion."@en1
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