Opinion: emerging markets and the Euros – beyondbrics - Blogs - FT.com:
"It has been a reliable guideline for governments doing business with the EU that elections to the European Parliament can safely be ignored. Yet given that the parliament has been given powers of disruption over trade and investment, two of the areas in which the EU has some authority, blissful ignorance of the legislature may be a luxury that emerging market governments can no longer afford.
The conventional wisdom is that the successes of Euroscepticism and the radical right in this week’s election results represent a further shift towards general hostility to free trade and to trade deals. While this is largely true, the Parliament’s likely willingness to veto parts of agreements with which it is unhappy may in fact make such pacts more palatable to emerging markets years down the line. Moreover, the resolution of disputes between the EU and big emerging markets like China is likely to remain the same series of bilateral stitch-ups it has increasingly become."
'via Blog this'
No comments:
Post a Comment