Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-11-25-Speech-4-814"
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"en.20101125.24.4-814"2
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"Globalisation and the financial and social crisis have increased the need for more stringent rules for the world economy, as international trade policy is currently designed to serve only the interests of a few economic players, which have taken advantage of market liberalisation to externalise part of their production and to diversify their supply arrangements, drawing on countries where production costs are low and regulatory regimes are less stringent.
I therefore accept the principles proposed in this report, which are aimed at conducting trade in a manner consistent with the EU’s objectives, especially its foreign policy. This can be achieved through the implementation of corporate social and environmental responsibility in trade, so that they stop breaching the principles of social responsibility. This is a form of social dumping which must be regulated by agreeing the proposals in this report, especially those that relate to mechanisms for judicial cooperation between the EU and partner countries, in order to prosecute multinational corporations for serious infringements of environmental rules or fundamental rights, and through the adoption of a new initiative by the Commission."@en1
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