Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-06-06-Speech-1-160-000"
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"en.20110606.19.1-160-000"2
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"Madam President, honourable Members, I would firstly like to thank all the Members who participated in this debate and Vital Moreira for putting the question to Parliament.
The Commission has taken careful note of the substance of your questions and I do hope that the answers address your possible underlying concerns.
As you know, the negotiations are making good progress. The Commission wants to ensure a balanced, ambitious, high-quality agreement and it wants to be equally ambitious on sustainable development. Canada is a highly developed, like-minded partner with strategic links going far beyond trade and investment. The EU and Canada share the ambitious negotiation objectives that can be realised to our mutual benefit, creating the potential for new opportunities.
Let me emphasise two things in particular. As regards the oil sands issues and your concerns in relation to this negotiation, for the Fuels Quality Directive to fall within the scope of CETA’s regulatory cooperation provisions, both parties would need to agree. CETA’s regulatory cooperation provisions would not impose any obligation to hold such discussions. Furthermore, the Commission does not propose entering into any commitment that would restrict the regulatory freedom of the EU, be it on environmental issues such as fuel quality, or on any other essential policy objective.
As I mentioned in the introduction, this agreement is hugely beneficial to our two economies and not just in material terms. In both countries, opportunities will be created for business and the manufacturing sector, thanks to the elimination of substantially all imported tariffs and improved market access for services and investors. Consumers will gain through more affordable purchases and enhanced access to high-quality services. At the same time, increased flows of foreign direct investment would act as a catalyst to creating jobs and boosting wages.
The CETA will also cover regulatory barriers such as sanitary and phytosanitary measures, customs procedures and competition rules. European intellectual property rights will gain increased protection. Reciprocal access to both sides’ procurement markets would not only mean savings for public budgets but also provide huge business opportunities.
This is why the Commission is convinced that this will be a good and balanced agreement. Our very debate tonight allows for important clarifications to be made. In this context, the Commission takes careful note, welcomes the resolution to be adopted by Parliament on EU-Canada trade relations and is grateful for its general support.
My colleague, Commissioner De Gucht, will, of course, continue to keep you informed of further developments in the CETA process."@en1
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