Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-06-13-Speech-3-456-000"
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"en.20120613.28.3-456-000"2
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"Mr President, I thank my colleagues for these interesting questions.
In the case of ex-Commissioner Verheugen – and I accept, Mr Schwab, that he is no longer a Commissioner but frequently in the European institutions, people retain the title of President or Commissioner after they have finished exercising their duty – he quoted a figure of 6%. Former Commissioner Mandelson quoted a figure for the benefits of trade in the single market at 1.8%.
Now, Mr Harbour, it is nearly 45 years since I left university but I can still work out that 6% is a great deal more than 1.8%. Thank you very much indeed for that. My answer would be that the single market is indeed a customs union, it is a
and it has an external barrier. You will recall that all the economic studies that have been done show that free trade areas are generally much more efficient than customs unions. If you wish to point out that it is, in fact, a customs union with the addition of massive and excessive regulation, I will be the last to disagree with you."@en1
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