Local view for "http://purl.org/linkedpolitics/eu/plenary/2005-12-14-Speech-3-234"
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"en.20051214.17.3-234"2
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".
The Council has on several occasions noted the possible benefits of an agreement on further changes in the World Trade Organization’s outcomes during negotiations in the framework of the Doha Development Agenda within the WTO.
The Council has expressed support for future comprehensive multilateral negotiations, which reflects its wish for substantial progress in world trade liberalisation, securing continuing global economic growth, increased job creation, prosperity and sustainable development, and addressing the concerns of civil society. The Council has noted that a further multilateral change of trade was the best way to meet the challenges posed by economic and technological change and increasing globalisation. The Council sees this multilateral change as the most appropriate approach for achieving substantial and balanced results for the benefit of all WTO members.
A number of studies have tried to assess the magnitude of the benefits for the European Union. For example, a widely-cited World Bank study in 2005 estimates that the potential gains from full liberalisation of global merchandise trade would be around USD 65 billion for the EU-25 and the EFTA countries by 2015.
The Council has not explicitly commented on the consequences ‘if no deal is done’. The ramifications of a failed round go much wider than trade. It would send a negative message about multilateral cooperation. On the contrary, a good trade deal is an important part of our efforts to tackle poverty and promote global security in the long term, which have been such a focus of our work in the course of our Presidency."@en1
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