Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-04-05-Speech-2-268-687"
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"en.20110405.13.2-268-687"2
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"Foreign trade is one of the most powerful political tools we have available in our dealings with third countries. At least until it becomes necessary to decide otherwise, the EU has chosen not to have its own army and to adopt trade policy as its main negotiating tool in international relations, and in this respect it has not been without success. Direct foreign investment in our businesses, furthermore, represents a source of development for third countries in which work is created and it is certainly worthwhile encouraging these links through export credit agencies. What we can no longer allow, in an internal market with single customs duties, is that investment can be steered by individual Member States.
This does not belong on the path created by the EU that it tries to present to the rest of the world. The transfer of all competencies relating to international trade from the level of the States to that of the Union is a further step in the establishment of a single industrial policy, with a view to a common economic policy and, on the horizon, further synergies between our States."@en1
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