Local view for "http://purl.org/linkedpolitics/eu/plenary/2009-12-14-Speech-1-120"

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"en.20091214.16.1-120"2
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"The European Union’s trade deficit has increased alarmingly three and a half fold in the last five years. A trade deficit increase of this magnitude is unsustainable. The EU’s trade with China is responsible for half of this trade deficit increase. It has decreased significantly as a result of the global economic crisis, but half of the remaining deficit, and in fact, the entire trade deficit recorded for the first half of 2009 is equivalent to our current trade deficit with China. I recently read a book by an American author which describes the following scenario. Fish caught off Europe’s shores is frozen and then shipped to China. Over there it is thawed, filleted, frozen again and shipped back to Europe. This is done because wages are so much cheaper in China that it is worth the huge energy consumption to freeze, ship, freeze and ship back the fish to Europe. Every single job lost in Europe is responsible for an increase in CO emissions of many hundreds of kilos. The current trade system encourages the growth of CO emissions. Rising European unemployment means greater CO emissions. Since the signing of the Kyoto Protocol, China has trebled its CO emissions because there are no sanctions linked to this. The new WTO regulations are only acceptable if they also integrate climate protection aspects. If we want these regulations to prevent the rise in CO emissions, instead of encouraging them, sanctions are required."@en1
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