Meeting Europe
April 13, 2015
Editorial
Free trade: for more
prosperity
Fa Quix and Filip De Jaeger
Summary » China and market economy status
Please make a decision based on facts
» Circular economy Some examples
» REACH
An uneven fight?
2 2 3
» Internal market
Unity through diversity, also for construction products
» Paneuromed rules of origin
Enhance textile production in the EU
3 4
» BRef wood-based panels
A technical document without technical relevance
4
Fedustria is the federation of the Belgian textile, woodworking and furniture industries.
We represent about 1,950 companies in Belgium (of which over 90 % are SMEs), together creating over 39,200 direct jobs and generating a turnover of 10.7 billion Euros, of which 70 % is derived from export. The textile industry represents a turnover of 5.7 billion Euros with about 680 companies and some 20,150 employees. The woodworking and furniture companies generate a turnover of 5 billion Euros and employ about 19,000 employees in 1,286 companies.
As the multilateral free trade negotiations within the framework of the World Trade Organization stall, the bilateral free trade talks are on the up. By far the most significant agreement currently being negotiated is the one between the EU and the United States. The two greatest trading blocs in the world, so there is much at stake for both of them. It is therefore of the utmost importance that these discussions with a view to conclude a Transatlantic Trade and Investment Partnership, or TTIP, are carefully prepared and that the mutual interests are taken into account. The objective in itself should not be questioned. More free trade has always led to more prosperity. The idea is to distribute this increase in prosperity in a sufficiently fair manner, but this is part of the internal responsibility of the involved countries themselves. Anyone opposing the principle of the free trade agreement between the EU and the US also opposes one of the cornerstones of our society: the market economy. Although the latter is corrected (socially and ecologically), and rightly so, it is still based on the principles of the market. No prosperity without free market economy. These times of economic crisis leave us with no great abundance of growth and jobs. Consequently, to assume a negative attitude towards free trade cannot be justified economically or socially. The existing issues must be tackled and a balanced resolution must be found. However, the cornerstone itself, the usefulness of a free trade agreement, is not to be questioned. Fa Quix, general manager, and Filip De Jaeger, deputy general manager