5
Oct
2022
Watch
Outcome of the Commission’s review of the 15-point action plan on trade and sustainable development (debate)
Mr President, thank you very much. Commissioner, thank you very much. The EU is now going through the worst crisis of modern times: energy, inflation, growth, competitiveness, climate and sustainability challenges and Russia’s illegal invasion of Ukraine. The multilateral world order is threatened by increasingly aggressive power play. The difficult external environment highlights the importance of the European Community and cross-border challenges that require cross-border solutions. Now the EU needs to safeguard free trade and work through international cooperation on the EU’s ambitious sustainability agenda and build resilience to tackle future crises. Openness pays off – even in a troubled world. We need to trade with countries from all corners of the world. The EU and New Zealand have now concluded a free trade agreement, and we must press ahead with negotiations with, for example, Australia, Chile and Mexico. It is also time to lift the EU-Mercosur agreement from the freezer and open up a market for over 260 million consumers – an agreement worth fighting for. It also includes an ambitious sustainable development chapter and a clear commitment to effectively implement the Paris Agreement. Sustainability chapters should promote the conclusion of free trade agreements, not create more obstacles that complicate already complex negotiations. The EU should not tear up existing free trade agreements. We're going to draw new ones.