Local view for "http://purl.org/linkedpolitics/eu/plenary/2007-12-13-Speech-4-030"
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"en.20071213.4.4-030"2
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"Mr President, ladies and gentlemen, is there still a future for the European textile industry? The answer lies to a great extent with the European Commission. Last month in Beijing, Commissioner Mandelson denounced the poor safety of Chinese products, the enormous influx of counterfeit goods and the dumping of Chinese export goods. Quite rightly, he threatened to lodge a complaint with the WTO. Europe’s daily imports from China amount to half a billion euro, and eight out of ten of the counterfeit goods intercepted originate from that country.
As well as from counterfeits, however, the European textile sector is currently suffering from the weakness of the US dollar. The weak dollar not only mortgages our exports, but also gives an artificial advantage to countries continuing to use the dollar as a currency. Coincidentally, those countries are situated mainly in Asia, and, not so coincidentally, China is holding on to the dollar. This is intolerable for the textile sector, which works with large volumes and low profit margins.
Our industry cannot and must not fall victim to a strong European currency. Hence the need to use the euro more and more in our trade relations. After all, that was, I thought, one of the reasons for the introduction of our single currency five years ago."@en1
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