Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-02-17-Speech-4-109-000"
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"en.20110217.18.4-109-000"2
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"−
Mr President, the EU-Korea Free Trade Agreement will bring innumerable benefits to European industry, businesses, entrepreneurs and employees. It will contribute to overall economic growth and open up effective new opportunities for European goods and services. However, certain industries will be exposed to additional competition, and the EU should therefore ensure effective monitoring of the implementation of the agreement, the rapid settlement of disputes and the subsequent rapid safeguarding of the legitimate interests of European industry and European entrepreneurs.
It is obvious that strict compliance with labour, technical and environmental standards, as well as provisions on the protection of fair competition have to be ensured by both parties. Goods and products placed on the European market must comply with all standards of the European Union, and I welcome the establishment of a monitoring committee for the motor industry, which should help prevent so-called hidden protectionism through new technical barriers to trade.
I am therefore in favour of granting final approval to the agreement in question, provided that a bilateral safeguard mechanism will be created as well, in order to prevent possible serious damage to Member State industries, or even the threat of such damage."@en1
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