Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-02-16-Speech-3-577-000"

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"Mr President, ladies and gentlemen, everybody has said that the free trade agreement with the Republic of Korea is an institutional and strategic innovation on the part of the Union. On the contrary, it is an unbalanced agreement that will have a negative impact on the European manufacturing industry. The elimination of duties on Korean products in return for a rise in environmental and social standards in Korea cannot be considered fair. The Korean shipbuilding industry benefits from substantial state aid, which has enabled it to attain a 30% share of the world market. This means that European industry, be it automotive, textile, chemical or any other, must defend itself against competition that if not unfair in form, is unfair in fact. The introduction of the safeguard clause is an appropriate measure, but it is not sufficient to patch up the many weaknesses in the agreement. I therefore call on the European Commission to be more prudent if it really wishes to defend European economic interests."@en1
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