Local view for "http://purl.org/linkedpolitics/eu/plenary/2016-05-10-Speech-2-011-000"
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"en.20160510.2.2-011-000"2
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"Mr President, a Commission proposal on how to deal with the expiry part of China’s accession protocol to the WTO is imminent. The ECR Group believes that certain fundamental principles should be considered within this process and these should go hand in hand with the Commission’s impact assessment with industry, with some 5 000 responses, and it is vital that the results of these are taken into account ahead of any proposals being made.
Firstly, and undoubtedly, the case that Chinese contravention of world trade rules has led to the dramatic decline of our own industries, most notably steel in the UK, in recent months. Nevertheless, we expect the EU to lead the way on global trading rules and if we want China to play by the rules we have to do so ourselves. We therefore need to ensure the full compatibility of EU law with the EU’s obligations arising from its WTO commitments, as well as the legal consequences of changes to China’s accession protocol. We also need to determine the full legal meaning of those sections of the protocol which will remain after 11 December 2016 so that we know how to proceed in our relationship with China.
That being said, we must also consider the practical consequences as well as the legal ones. The positive and negative medium and long-term effects for industry, Member States’ economies, and societal impacts need to be known ahead of any decision that is taken. We cannot do this blindly. And in order to deal with any of these negative repercussions in the future, it is critically important that we retain full ability to take timely, necessary and effective measures to tackle anti-competitive market prices by EU trading partners. These market-distorting actions result in injury to EU industry and having tools to combat them guarantees that the EU companies can continue to operate on a global level playing field. The clock is ticking towards the December deadline and we await the Commission’s proposal to ensure future trade is fair."@en1
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