Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-09-04-Speech-4-163"

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"en.20080904.18.4-163"2
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". Services account for more than three-quarters of the European economy. The services sector is of vital importance to the competitiveness and innovation of the European economy, which is largely based on knowledge. Efficient operation of the European Union’s internal market in services is very important for the competitiveness of EU enterprises on the global market. Timely and appropriate transposition and implementation will be vital to sound operation of the market, especially in the case of the Services Directive. Trade in services largely involves the transfer of specialised knowledge between countries. Consequently, free trade in services plays an important part in all development strategies, because it facilitates swift and effective transfer of know-how on a large scale. In addition, increasing access to the market in services represents an opportunity not only for developed countries but also for developing ones, which are often deprived of access to know-how. Access to the market for services is a difficult issue in the context of the ongoing negotiations at the WTO. It should be borne in mind, however, that negotiations on trade in services must serve the interests of the EU as well as promoting the development of the poorest countries. If substantial foreign investment is allowed, it could be precisely the liberalisation of trade in services that might facilitate increased and more sustainable production and the modernisation of infrastructure in all economies."@en1

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