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Thursday, 01 March 2012

The EU's commitment to trade openness remains firm

The European Commission recently published its second Trade and Investment Barriers Report, which describes the progress achieved in dismantling barriers. The report recognises some success stories in the removal of certain trade barriers, such as in India. However, it  underlines the overall persistence of barriers for European business to access key markets. Dismantling these barriers would improve and open up new export and investment opportunities for European companies and people.
Speaking of protectionism, EU Trade Commissioner Karel De Gucht has said that the EU has “[…]to make sure that trade remains open in order to boost jobs and growth. [This] report shows that our enforcement strategy is paying off in fighting unfair barriers to trade and investment; yet, we need to strengthen our vigilance and double our efforts in order to make sure that openness is maintained worldwide. The EU's commitment to ensuring trade openness remains firm”.

Source: European Commission