Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-02-17-Speech-4-153-000"

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"en.20110217.18.4-153-000"2
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"− I voted for this report because I consider the introduction of a bilateral safeguard clause to the Free Trade Agreement between the European Union (EU) and Korea to be very positive. This clause provides for the possibility of re-imposing the most-favoured-nation (MFN) rate when, as a result of trade liberalisation, imports increase to such an extent – in absolute terms or in relation to domestic production – and under such conditions as to cause, or threaten to cause, serious damage to the Union’s industry producing similar or directly competing products. I hope that the final draft of this mechanism will be clear and that actioning it will be easy and free of bureaucracy. I hope that the European Commission will monitor the implementation of this agreement and check compliance with this safeguard mechanism."@en1

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