Edition 1453
09 December 2017
Edition: 1453

Read this week's issue online exactly as it appears in print.

Twitter

Portugal has much to gain from EU-US trade agreement

by TPN/ Lusa, in Business · 19-06-2014 14:59:00 · 0 Comments

Portugal is one of the countries that has most to gain with the trade agreement between the European Union (EU) and the USA, said Vital Moreira Portuguese MEP on Monday, pointing to sectors such as
footwear, textiles or gourmet products as t potential growth areas.

“The underlying idea of international trade is that everyone wins”, the president of the European Parliament Commission on International Trade and rapporteur on the transatlantic trade and investment partnership that is being negotiated between the two blocks, told Lusa News Agency that these economies together represent 40 percent of the world economy.
Underscoring the fact that all the preliminary impact studies agree about the “unquestionable economic rationale” behind this agreement and that “all the countries will be winners”, albeit some more than others, Vital Moreira said that Portugal “is among the countries that has most to gain with this agreement”.
Most of the Portuguese economy is going to benefit, particularly traditional sectors such as footwear and textiles, but also gourmet farming products as well as tinned products, olive oil and wines, he added.
“Portugal couldn’t have a better opportunity to get an economic boost. Especially as it is cheap and doesn’t need the state budget for the economic stimulus, it doesn’t need more borrowing to give a huge impetus to the Portuguese economy”, he continued enthusiastically.
The European parliament that resulted from the 25 May elections, which is more Eurosceptic and more fragmented may complicate the negotiations, but Vital Moreira believed that the agreement would not be compromised.

Comments

Be the first to comment on this article

Interactive Topics, send us your comments/opinion on this article.


Please enter the letters as they are
shown in the image.
Letters are not case-sensitive.
Edition 1453
09 December 2017
Edition: 1453

Read this week's issue online exactly as it appears in print.

Twitter