Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-02-16-Speech-3-579-000"

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"Mr President, this trade agreement with South Korea is ambitious and comprehensive. It will help remove major trade barriers and European companies will be able to benefit from that. Increased access to the South Korean market will improve European companies’ market position. Given the fact that other major players, such as the United States, Chile and the EFTA countries, aspire to or have already entered into trade agreements with South Korea, this is a very important step. With this agreement, the European Union has shown that it is not cutting itself off from open and sustainable trade, at a time when some other nations are showing protectionist tendencies. Trade offers a way out of the economic crisis. However, free trade must not be allowed to lead to freebooting. The steel and car industries are worried about this, and not entirely without reason. Therefore, when implementing the agreement, we must closely monitor whether all the conditions are being met and we must ensure that we are able to deploy bilateral safeguard clauses, quickly and effectively, if necessary."@en1
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