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Clinton under fire from EU trade chief
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hillarynews
Joined: 24 Jan 2007
Posts: 2255
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 Posted: Fri Dec 07, 2007 6:00 am Post subject: Clinton under fire from EU trade chief |
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 Clinton under fire from EU trade chief
Hillary Clinton, the Democratic frontrunner in the US presidential campaign, came under fire from Europe's top trade negotiator yesterday for suggesting that, if elected, she might not press hard for a new global trade pact."The apparent scepticism about a Doha world trade deal that Mrs Clinton expressed in the Financial Times this week, and her suggestion that there is a need to shelter American companies and interests from foreign investment, are a disappointing sign of the times," said Peter Mandelson, European Union trade commissioner.
Category: Top Story
Hillary Clinton, the Democratic frontrunner in the US presidential campaign, came under fire from Europe's top trade negotiator yesterday for suggesting that, if elected, she might not press hard for a new global trade pact."The apparent scepticism about a Doha world trade deal that Mrs Clinton expressed in the Financial Times this week, and her suggestion that there is a need to shelter American companies and interests from foreign investment, are a disappointing sign of the times," said Peter Mandelson, European Union trade commissioner.His remarks represented an unusually direct intervention by a foreign politician in a US presidential election, not least because he singled out the opinions of one particular candidate for criticism.In an interview published on Monday, Mrs Clinton told the FT she believed certain free trade theories might no longer be true in the age of globalisation, but she emphasised "there is nothing protectionist about this".Mr Mandelson, at a Brussels globalisation seminar, said: "Politicians have a huge responsibility not to overstate the risks attached to open investment, because we have nothing to gain from a protectionist turn in global markets."It seems likely that we are entering a period of relative vulnerability for the global economy and, perversely, that is of course the moment when the logic of protectionism is most tempting."The former high-ranking UK government minister added: "That is why I would argue that Hillary Clinton's doubts about the value of a Doha trade deal are misplaced."
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Source: The Hillary Project
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