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EU warning to US brings trade
New US Trade Representative Ron Kirk wasted little time in pledging close relations with the European Union when he met with EU Trade Commissioner Catherine Ashton, who later, in a private speech, urged the reluctant United States to help kick-start the stalled Doha world trade talks and warned against protectionism. “I have seen doubts creeping in here and there about the US commitment to open markets,” Ashton told the private think tank, Carnegie Endowment for International Peace. “The concern is that President (Barack) Obama may not adhere to the principles of free trade that have made the US the economic superpower it is.” Considered a centrist on trade issues, Kirk has said the Obama administration would focus on enforcing existing trade deals rather than pushing through new ones during the current economic crisis. In their meeting, Kirk emphasised the importance of keeping harmony in the “good, strong” EU-US business relationships, which he called “one of the strongest” such ties the US has. While saying governments “in these extraordinarily difficult times” had to do what they have to do to restore their economies, he added his hopes that actions will be done in a “thoughtful way ... that doesn’t damage our ability to continue our business and trade in the future.” Ashton acknowledged the “sometimes difficult issues” in the US-EU relationship, but emphasised her and Kirk’s commitment to working through the problems. “We are in a moment of deep economic downturn and we are both committed to the philosophy that trade has an important role to play” in coming out of it, she said. EU says China resists protectionism to end recession He’s the man again, Lamy reaffirmed to head WTO EU warns China its products are still too dangerous WTO chief Lamy says protectionism is on the rise EU, South Korea put off a free-trade pact deal blog comments powered by Disqus |
Related Stories EU says China resists protectionism to end recession He’s the man again, Lamy reaffirmed to head WTO EU warns China its products are still too dangerous WTO chief Lamy says protectionism is on the rise EU, South Korea put off a free-trade pact deal People Obama, Barack |
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