Press Release: Ashton calls on EU, US to stand up for free trade in global downturn

EU Trade Commissioner Catherine Ashton delivered a speech at the Carnegie Endowment in Washington, DC, in which she called on the EU and US to stand up for open trade in the economic downturn. She argued that a commitment to open markets is as important in the current economic crisis as determining the right fiscal stimulus and financial regulation, as trade creates growth and jobs. Commissioner Ashton concluded that the EU and US must show leadership both in the multilateral trade arena as well as in tackling bilateral trade issues, in order to help lift the global economy out of recession.

• Primary Source

European Commission: MEMO/09/118: Global Partners: EU-US Trade and Investment http://europa.eu/rapid/pressReleasesAction.do?reference=MEMO/09/118&format=HTML&aged=0&language=EN&guiLanguage=en

European Commission: SPEECH/09/127: The Transatlantic Challenge: Promoting open trade http://europa.eu/rapid/pressReleasesAction.do?reference=SPEECH/09/127&format=HTML&aged=0&language=EN&guiLanguage=en

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