The EU believes that the trump, America is losing economic superiority

The EU believes that the trump, America is losing economic superiority

America itself bound hand and foot, refusing leadership in the global trade unions — Reuters said Cecilia malmström, EU Commissioner for trade.

Next week malmström will attend the economic forum in Davos, like Donald trump. According to Cecilia, while it is not entirely clear what the President of the United States of its economic partners in the EU, for them it is quite clear what to say to him.

Termination of the trump trade agreements TRANS-Pacific partnership (TPP) and the disclaimer from the North American free trade agreement (NAFTA), according to Malmstrom, has weakened the U.S. position as a leader in the global economic market.

According to Cecilia, the President of the United States is aimed at establishing partnership relations between the two countries directly, without participation of trade unions, and organizations, as it gives the ability to set favorable rules for themselves in relationships, especially with countries with a weaker economy.

So, for Japan, the United States was a great partner for the import of goods, and the opportunity to increase competition in their own markets. The loss of Union with the United States to such countries means the search for alternatives, and this niche is now the EU. Partly due to this, the European Union and restored its weakened in recent years — including Brexit-om — economy.

«We showed that we have overcome the acute crisis, so many countries are turning to Europe, offering a partnership,» said Malmstrom.

Under the management of Cecilia Malmstrom, the EU has undertaken in the past year a number of trade negotiations, signed a deal with Japan. Also, negotiations on the conclusion in the beginning of this year agreements with Mexico and the Latin American bloc MERCOSUR.

Malmstrom notes that Washington’s policy of confrontation with the world Trade Organization (WTO) are the concern of Europe.

Trump’s administration blocked the appointment of judges in the division WTO, which regulates trade disputes.

«If the United States will not change its position, this Department may completely stop working,» — said Malmstrom.

She also called the WTO Ministerial meeting in December ended with mutual accusations and criticisms, «disgrace».

Source