Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-05-11-Speech-3-396-625"
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"en.20110511.28.3-396-625"2
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"I wholeheartedly support the development of trade cooperation between the European Union and Japan, which should result in the conclusion of a bilateral free trade agreement. The fact that in 2010, the total amount of bilateral trade between the EU and Japan was EUR 120 billion demonstrates that both sides are extremely important to each other as partners. Japan is the EU's sixth biggest trade partner, and the EU is Japan’s third biggest. Both sides are also significant investors in each other’s economy, with a combined volume of Foreign Direct Investment worth EUR 200 billion in 2009. It is also worth highlighting the fact that the rapid economic growth of developing countries (BRIC), the economic slow-down resulting from the global financial crisis, and the pressing need to gain access to raw materials and renewable sources of energy, are absolutely key challenges which are common to both parties, making negotiations an even more urgent necessity.
In documents relating to the subject of the resolution, both the Council and the Commission have stated that a precondition for launching negotiations is that Japan should remove regulatory barriers to trade, in particular, non-tariff barriers, which place a significant restriction on access to the Japanese market for European entrepreneurs. I believe that we should speed up the process at the highest decision-making levels, which would result in closer trade relations between these two strategic partners."@en1
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