29
Feb
2024
Watch
EU/Chile Advanced Framework Agreement - EU/Chile Advanced Framework Agreement (Resolution) - Interim Agreement on Trade between the European Union and the Republic of Chile (joint debate - EU-Chile agreements)
Mr President, Commissioner, of course I support these agreements. This is one of the last ways to add something to the European Union's package of agreements with the rest of the world. But let me take this opportunity to take stock of the general state of the European Union's trade policy, because the truth is that our outcome for the period 2019 to 2024 is somewhat lean compared to previous legislatures. Why is that? COVID-19 has put a brake on us, that's true, but there are other factors as well. In international trade in particular, protectionism is growing and, unfortunately, it is growing in our Euro-Atlantic circle. Consider, for example, the United States of America, which is starting to behave more and more protectionistically. The reform of the World Trade Organization, which is currently under discussion, is failing. And unfortunately, once again, there will be no results in reforming the WTO's Appellate Bodies. Finally, and this must be acknowledged, the European Union is increasingly inserting non-trade elements, non-trade aspects, into trade agreements as conditions, which our partners either do not want or cannot meet. I think we need to think seriously about how we are going to design our trade policy in the future, because if we continue the trend, we are going to get ourselves out of the global market, where we are going to lose the comparative advantages that we have in the global market, and where one of the engines of economic growth, and that is trade – and I, as a representative of a small export-dependent country, know something about it – is going to cease to be one of the engines of our economic growth. We shouldn't be in this situation.