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Mandelson: EU must defend sustainable approach to open markets

22/03/2006

On March 21, two days before he is set to receive a mandate for the implementation of anti-dumping duties on Chinese and Vietnamese leather footwear, EU Trade Commissioner Peter Mandelson told a Brussels conference on sustainable trade policy that there are "no simple text book answers" for developing sustainable trade policy, but that the costs and benefits of liberalisation have to be weighed carefully in each case. Citing the example of agricultural and industrial trade in the Doha Round, Mr Mandelson warned against both a simplistic conviction that trade liberalisation brings automatic economic benefits, and the argument that developing countries cannot benefit from more open markets.

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