Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-09-26-Speech-1-093-000"

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"en.20110926.18.1-093-000"2
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". Mr President, Commissioner, ladies and gentlemen, as one of the authors of this oral question, I also strongly believe that this is the ideal time to assess our economic and trade relations with Taiwan. Taiwan is the world number one in the high tech industry; it is the EU’s fourteenth biggest trade partner, and has seen growth of 10.8% following its economic recovery in 2010. In Taipei, 30% of the population hold a university degree, and inflation in the country is low, with a rate of 1% in 2010. The EU is the island’s largest investor, with investments worth USD 1.2 billion in 2010. As Ms Andrikienė just pointed out, the Economic Cooperation Framework Agreement with mainland China, and the beginning of negotiations for cooperation agreements with other Asia-Pacific countries, are both aimed at bringing Taipei in on the Association of Southeast Asian Nations (ASEAN) process in Asia, but also at promoting its international integration in terms of trade. These are positive signs for the EU, and a ‘second generation’ agreement with Taiwan will in future establish links with cross-strait supply chains and give European businesses greater access to the Asia-Pacific markets. The EU’s trade strategy consists in engaging more with high-growth economies. I think that an agreement of this nature could therefore contribute to improving access to new markets for European businesses. We should not forget that, as an economic and trading entity, Taiwan belongs to 31 international organisations, including the World Trade Organisation (WTO), the Asia Development Bank and Asia-Pacific Economic Cooperation (APEC). We should also bear in mind that we have had a visa exemption policy for Taiwanese nationals in place since January 2011. The One China policy is one thing, but the EU needs further creative solutions in order to strengthen its trade partnership, for the benefit of its citizens and businesses."@en1
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