Local view for "http://purl.org/linkedpolitics/eu/plenary/2007-05-22-Speech-2-018"

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"en.20070522.6.2-018"2
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"Madam President, I should like to congratulate the rapporteur, Mr Caspary. I am going to confine myself, in one minute’s speaking time, to mentioning the main facts in the report by the Committee on Economic and Monetary Affairs, which is responsible for monetary policy issues. The Committee on Economic and Monetary Affairs took an interest in the issue of the rates of exchange between the euro and the currencies of our main partners and competitors in order to highlight that the benefits expected from a reduction in customs duties on exports, or the market shares that one might hope for from enhanced controls in the area of non-tariff barriers, may clearly be reduced to nothing by an unfavourable change in the exchange rate. That is why we are suggesting that the Commission propose new trade defence instruments that will enable European producers to defend themselves faced with an excessive depreciation in the currencies of our competitors and that we look at the United States, where a number of our fellow legislators in the US Senate have devised a system that hits imports from countries with artificially undervalued currencies with a corresponding customs duty. So, without going that far, we believe that the inertia shown in this area has become incomprehensible. The other issue among the many contributions in the report by the Committee on Economic and Monetary Affairs, which I should like to point out quickly, is the issue of the environment. I believe that it is unfair that European producers, who must meet costs associated with less-polluting production methods, should have to compete with cheap imports from countries that refuse to do their bit to help combat global warming. That is why the Committee on Economic and Monetary Affairs is proposing the creation of a carbon tax."@en1

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