Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-11-17-Speech-4-181-000"
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"en.20111117.17.4-181-000"2
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"Mr President, I can agree with Syed Kamall and Kay Swinburne on the issues that they discussed and, in fact, I would add that EU-US relations are just vital. They are essential if we are to do anything about fighting global regulatory arbitrage. We are each other’s biggest investors, and if we use the OECD study of May 2005 as a basis for lifting the non-tariff barriers that Mr Kamall talked about, and apply best regulatory practices, we could see our economies grow by as much as 3-6% GNI year on year. That is still something very much worth going for – a growth agenda not just on the supply side, but that also has to look at jobs and how to create them. We forget this at our peril.
The Bruce Stokes paper recently produced on growth and jobs also helps to promote this philosophy of backing industry not just on competitiveness but also, vitally, on attracting investment. Governments at EU level and the Commission, along with the US, need not just to manage debt reduction but also investment policy and incentives to job creation. This should not be done artificially but with the support of, and in line with, commercial and scientific research and development, specifically in the SME market. This is perhaps our route forward."@en1
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