EU Envoy Calls For More Trade, Liberalisation For Sustainable Growth Path

By Friday September 30th, 2011 No Comments

KUALA LUMPUR, Sept 30 (Bernama) — A European diplomat today called for more trade between Europe and Malaysia and further liberalise the service sector for a sustainable growth path amid the current global uncertainties.

Vincent Piket, Ambassador and Head of Delegation of the European Commission to Malaysia, proposed the move against the backdrop of the sovereign debt crisis in the euro zone. The fiscal crisis first surfaced in Greece.

“The crisis has enforced the need for more and higher trade as a solution to move away from the crisis.

“The risks from the fiscal crisis have to be tackled and what we need is to create growth through trade. We should remove barriers to trade,” he told BERNAMA after delivering a talk at Wisma Bernama today.

Piket said European investors continued to see Malaysia as an attractive market and this was evident through the continued bilateral and increased trade engagement between both parties.

“More liberalisation in Malaysia’s services sector would certainly stimulate more engagement of European firms locally and spur domestic growth as well,” he said.

In a media briefing later, Piket said Greece, in deep financial woes, had adversely affected other European nations.

He was confident the European nations would extend the support Greece needed.

Piket said individual countries’ strength and potential were still intact.

“If you have a common currency, you must have a common policy, therefore we need to have more integration, a common economic policy,” he said.

On the volatility in the euro currency, the diplomat said it was a strong currency as the European economy was a strong economy.

“The euro won’t go away. The euro is there to stay despite market talks and speculations,” he added.

Source : Bernama

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