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EU accused of taking free ride on US back into Asian markets
BRUSSELS. Feb 9: The outgoing United.States ambassador to tkk European Union yesterday accused the bloc of taking a free ride on Washington's back into Asian markets, reports Reuter.
"If there is a major dtsap- \ pointment in the trade area it has been our inability to elicit the support of the EU tn an energetic effort to open up Asian markets, particularly China and Japan." envoy Stuartctzenstart told a bus! ness meeting.
We find ourselves out in front, alone, negotiating everything from Intellectual property agreements with China to a set of sectoral agreements with Japan, extending them on an MFN basis to the rest of the world, and finding European companies walking into the doors we open." he said.
Eizenstat made no comment on the March 1-2 EU-
Asia conference in Bangkok which aims to boost Ues between the bloc and 10 Asian nations including China and Japan in an attempt to catch up ground lost to the United States in the region.
But he appealed for the US and the EU to stand shoulder-to-shoulder in the bid to cut global trade barriers.
"It would be both more effective and fairer if together we sought to eliminate the barriers which equally impact on our ability to export our products and create Jobs in the process." Eizenstat added.
He said that for the most part cooperation on international trade issues between Washington and Brussels worked smoothly — although he did described the ELTs audiovisual quotas as "pernicious" and its banana import rules as "egregious.
He noted that the two had agreed mechanisms for resolving their mutual trade differences — such as going through the World Trade Organisation — and added that the transatlantic dispute temperature had cooled markedly during his two and a half years in Brussels.
But he stressed that their differing approaches to opening up key Aslan mar kets left much to be desired.
"What we are looking for is public support for specific objectives in specific sectors." he later told reporters.
The tendency is for some of these countries to try to play Europe off against the United States." he added.
He warned that unless the US administration could be seen to be getting support and results in persuading other countries to open up their markets, the American people could swing behind
the protectionists at home.
This is not only about dol lars and cents. There is a genuine problem with rising protectionist sentiment in the United States." Eizenstat said.
Echoing the French line, he also voiced concern about the growing number of what he termed partial preferential" trade agreements between EU and countries in the Mediterranean and Latin America.
This tendency, if carried too far. would have a corrosive effect on the multilateral trading system it must be resisted, he said
"It is very important that as these agreements are being negotiated, the commission makes sure they do not contravene ... either the letter or the spirit of the World Trade Organisation's rules." he said