Local view for "http://purl.org/linkedpolitics/eu/plenary/2015-07-07-Speech-2-054-000"
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"en.20150707.4.2-054-000"2
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"Mr President, for me this report is about the potential opportunities that arise from striking a deal with one of our closest allies. This deal can bring us the growth that we so desire, cutting red tape and reducing tariffs, so that our businesses of all sizes can flourish in a truly transatlantic marketplace. In turn, the consumer wins, being able to choose from a wide range of products at a cheaper price, while the taxpayer gains from further competition if procurement is opened up too.
As we are all too aware, this is not the only debate taking place this week. We will be discussing the situation in Greece, a Member State that has fallen on hard times in one of the worst economic downturns we have ever known. But we cannot on the one hand condemn the situation there, scrambling to find a resolution to the problem, and, on the other, strike down TTIP. If we are to have any hope of overcoming this crisis, we must be outward-looking. Other parts of the world are making progress while Europe lags behind. As the Trans-Pacific Partnership nears conclusion with the signing of the Trade Promotion Authority in the US, Europe should lead the global trade agenda and not be led by it. This is not just an option for us: we must do this to catch up.
This includes leadership on the thorny issue of investment protection. We have taken part in numerous debates over recent months, and I do not recall having heard anyone deny that ISDS requires change. We must have a dispute settlement mechanism that is transparent and accountable and offers the opportunity to appeal. The compromise agreement that we have on the table takes this into account, and the need for reform is there for investment protection within TTIP. But let us be clear: Europe is desperate for investment, and with that must come some form of investment protection.
I, like my group, remain committed to the promotion of free trade to free and empower people the world over. We need to get further down the road of negotiations with the US to see what it is possible to achieve if the EU has any opportunity to prove that it is truly open for business."@en1
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