< http://europa.eu.int/comm/trade/speeches_articles/spla69_en.htm >
EU Trade policy after 11 September 2001

Comments by Pascal Lamy, EU Trade Commissioner, to the European
Parliament's Committee for Industry, Trade, Research and Energy, 17
September 2001

Let me begin by expressing my deeply felt sadness and anger at the
death of five thousand victims in these inexcusable and horrible
attacks. Terrorism must be condemned without reserve, and those
responsible for this act of barbarism and their accomplices must be
punished. We also express solidarity with the American people, and the
EU will provide all the assistance which the United States needs to
ensure justice is done. But for each one of us, after the shock and
the emotion comes the moment for consideration, for seriousness,
without which responsibility cannot be exercised with the necessary
determination.

Without doubt it is still too early to size up fully the likely extent
of change in the world and in Europe after 11 September. Without
doubt, our economic and trade relations are only part of a complex
picture with geopolitical, diplomatic and - from now on - military
dimensions (and others in the Commission and the EU are in charge of
these aspects). Without doubt, this is not the time for a purely
economic discussion.

But the trade relations of the EU with the rest of the world reflect
both the same values which support our external policy, and our common
interests. And trade policy has a greater Community dimension than
some of the others. That is why I believe it is useful to set out some
thoughts to stimulate debate, to enable us to progress with an
understanding of what this tragedy means in our area of policy. So we
need to step back from the usual subjects which we tackle in our
regular exchanges (but to which we can of course come back in
discussion).

The two key points (at the risk of over-simplicity), it seems to me,
are - firstly - that the massive attacks which struck the Americans
last week have flung us into a riskier world, as was probably the
objective of the terrorists. Secondly, in the domain of trade policy,
our response must consist of reducing these risks, using the tools
available to us.

That there are economic risks is obvious: new worries, new fears are
being added, weighing ever more heavily on already depressed world
economic prospects. Moreover we will have to factor in the
consequences for trade of the unavoidable tightening of controls on
movement of people, goods and capital.

Next, the political risks. This is obvious for modern democracies, of
which one has just paid an appalling price in terms of innocent
victims. But also for many countries who have started down the road of
democracy, reform and development (even if they have done so
unevenly), whether in the Arab world near to us or indeed more
generally in those countries where the Islamic faith is predominant.
The real objective of the terrorists is to de-stabilise and to divide
the governments of these countries in order to provoke a split between
the two worlds that they are bent on opposing.

All of these risks were present before 11 September. We have often
discussed them over the course of two years, in the context of
globalisation and the necessity to manage the ill-effects and to make
use of the opportunities. But the risks today are stronger and more
visible, and as is even clearer today, insecurity is global, it spares
no people, no country, no region. Our world is in fact just as global
in adversity. On 11 September, the political, economic and social
security of our world - and indeed therefore our very own - has been
damaged.

And it is there that we have to find responses, beyond military action
against terrorism, however much or however long it takes. Faced with
this obvious determination to destabilise, we have to reply with
stability and with an injection of security, whether political and
economic, whether social and cultural. Is it not clear to us, we
Europeans, that this is the right response to the carnage ? And that
this response can only be a collective one ?

If these are the key points, what contribution can the EU trade policy
make ? What impact is there on the objectives of trade policy ? On the
priorities ? On the timetable ?

Should we reconsider our objectives ?

I do not believe so. The process of rules-based trade liberalisation,
and of the integration of developing countries, the concern to ensure
environmental and social sustainability, are no less necessary today
than yesterday. These are issues of stability and security, both
between countries and between generations. The negotiation and
peaceful resolution of commercial conflicts has made Europe a
laboratory for international governance, where each partner
participates in decisions. We should remember, a year ago, our debates
which we called "Everything But Arms" to open our markets completely
to exports from least developed countries. Together, we were right to
take this approach.

Should we revise our priorities ?

We should certainly not reconsider the priority we attach to the
multilateral dimension. This has always been our way of doing things,
but recently it has become a shared priority throughout the world,
including for the US. Consider the fact that the long process of
China's entry into the WTO was concluded one week after 11 September:
a positive sign. Our US partners have pushed all the way to the
finishing line with an enthusiasm which deserves recognition here,
because it says much about the state of US morale.

Faced with the menace of destabilisation, the multilateral network is
solid and, if further work is necessary, only to strengthen it
further: from a globalisation based solely on economic forces to a
globalisation based on rules.

Beyond this, what about our bilateral relations with developing
countries ? I see no other response other than to re-emphasize our
readiness and our openness. In the first place because what was fair
and necessary before 11 September is fair and necessary today.
Inequality in the world was there before, and is still there
afterwards. In the second place, because the greater the military and
security pressures - and they will be great - the greater the risk
that resentment will be strong - and it will be - and the more we will
have to push for generous market opening of our economies to
developing countries.

As for geographic priorities, I ask myself if the recent efforts of
the EU to give even more real substance to our relations with those
countries sharing the Mediterranean region with us should not be
re-emphasized in order to face up to the risks of destabilisation that
I mentioned a few moments ago. And perhaps it is in this sense that we
should consider all the negotiations which we pursue in this region:
managed trade liberalisation, married to political, economic and
social modernisation, and the process of tying countries into the
multilateral process via WTO membership. All of these elements are key
to further stability and security. Of course, our partners have
responsibilities themselves to fulfill their part of the contract.

Finally, do we need to re-think our timetable ?

In terms of bilateral relations, perhaps we do have to do so, if the
EU institutions share my feeling on the urgency of the situation that
I have just set out.

And on the multilateral side ? The seven weeks until the Doha
Ministerial are waymarked with preparatory meetings: mini Ministerial
meeting in Mexico, the meetings in Hanoi the week after between
Europeans and Asians, Nairobi in a fortnight between Europeans and
Africans, a further mini Ministerial meeting in Singapore after that,
and the APEC meetings in Shanghai.

My response on this point is clear: we have to work to maintain the
November multilateral meeting. Not because of obstinacy, not because
nothing has changed, but for political reasons: because the dialogue
and the negotiation between states or regional bodies sharing the
benefit of common legal rules is of vital importance. This feeling is
also that of the Director General of the WTO to whom I have spoken in
the last few days, and it is also that of my American counterpart who
has spoken publicly along these lines last Friday. There remains, of
course, the need to gather together the positions of many other WTO
members who will take part in this collective decision. I plan to work
on this in the days to come.

To conclude, ladies and gentlemen of the European Parliament, let me
take up a line used by Chancellor H Schmidt several weeks ago:
"Europe", he said, "will become a community tasked with managing the
emergencies of this era". Let us manage those with consequences in our
area of responsibility which the day of 11 September has placed in
front of us. Because trade is one of the tools of development, it is
one of the weapons of peace. And it must find its role, make its
contribution to a much larger collective enterprise, the outline of
which is only just starting to take shape.


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