Local view for "http://purl.org/linkedpolitics/eu/plenary/2009-03-09-Speech-1-044"
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"en.20090309.16.1-044"2
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"Mr President, the adverse impact of the global financial crisis can now be seen in international trade. One need only note that the rate of growth in global trade fell from 8.5% in 2006 to 5.5% in 2007 and was in the order of just 4% in 2008. A special mechanism has been introduced within the framework of the World Trade Organisation to monitor the measures that have been and are being adopted by the Member States of the organisation in order to support the sectors of the economy that have been hit.
Given the particular importance of external trade to the economy, growth and employment in the European Union, the Commission is called upon, within the framework of the application of the economic recovery plan, to immediately assume a leading role in a multilateral initiative to support trade. It is also called upon to correlate any such initiative with the work of the World Bank group and other multilateral development organisations."@en1
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