Local view for "http://purl.org/linkedpolitics/eu/plenary/2007-03-14-Speech-3-159"
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"en.20070314.14.3-159"2
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"President, my UK Labour colleagues and I did not support some items in this resolution and we voted against it in the final vote because we believe that the draft agreement is far too imbalanced in favour of the United States of America.
If this draft is accepted by the Council in its present form, the US airlines will have virtually complete access to the EU internal market, whilst European airlines will still not be able to fly internally in the US. In addition, US interests will be able to own up to 49 % voting stock in EU airlines, whilst the reciprocal agreement allows just 25 % voting stock for EU interests in US airlines. So the draft agreement, to my mind, is little better than the one from November 2005, which both Council and Commission said was imbalanced.
As the Americans achieved their prime negotiating goals in this draft agreement, there will, I suggest, be little incentive for them to liberalise further in the future. I am afraid that it is the UK that pays the price for this deal. It grants hard traffic rights to the US airlines with full access to Heathrow, which is already 40 % of the transatlantic market, and despite the fact that four airlines – not just American – fly across the Atlantic from Heathrow already. So I think that, for the UK and for the whole of the European Union, this is a very poor deal."@en1
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