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Trade is key for European economic recovery

Date: 11 November 2010, Venue: Brussels

Seminar at the Czech Permanent Representation examined the future of EU’s trade policy.

The Permanent Representation of the Czech Republic to the EU has hosted another debate on the most topical EU issues. On Thursday 11 November 2010, it organised, together with the Czech Business Representation to the EU – CEBRE, a seminar on the future of EU’s trade policy entitled "Trade Policy as an essential part of the Europe 2020 Strategy“.

The event took place just two days after the European Commission published a new trade strategy, which focuses on removing the remaining barriers mainly through successfully negotiated free trade agreements and new ways of cooperation with key trade partners. The seminar at the Permanent Representation was thus one of the first opportunities for debate on this topic.

The discussion was opened by Ambassador Milena Vicenová, the Czech Permanent Representative to the EU, who highlighted the importance of international trade for the Union. "Trade is a key pillar of our growth, especially in the time of economic recovery. Value of EU trade has been growing by 75% over the last ten years, however in five years’ time, 90% of global growth will be generated outside Europe, with a third from China alone. It is a challenge for Europe to remain the number one economy,” Vicenová said.

Over 40 participants – representatives of European institutions, Member States and the business sector – agreed that the strategy reflects their main concerns, but that it lacks specific measures to achieve ambitious goals.

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Photos: CEBRE