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COMMISSIONER ASHTON ON...
… the trade finance initiative
The best way to fully restore trade finance to normal levels is to restore confidence in the financial sector as a whole. We must strengthen and co-ordinate international action, but even so it is clear that it will take time to rebuild confidence. In the meantime, governments and international institutions must step in to plug the gap in private sector finance and help trade financing reach businesses in the developed and developing world.
... the Trade Barriers Regulation
"It is for the US to decide how best to regulate Internet gambling in its market, but this must be done in a way that fully respects WTO obligations. I am hopeful that we can find a swift, negotiated solution to this issue."
… battling protectionism in Europe
"We ve got to increase our efforts to make sure that we dont fall into what is called `protectionism` that is putting up barriers to trade and we need to move forward to join together to keep trade flowing."
TRADE AND COMPETITIVENESS
G20: Commissioners Ashton and Almunia back trade finance initiative
In an open article, European Trade Commissioner Catherine Ashton and European Economic and Monetary Affairs Commissioner Joaquin Almunia warned of a growing gap in trade finance around the world.
TRADE BARRIERS REGULATION
EU Commission concludes investigation on US internet gambling laws
The investigation has found that US laws on remote gambling and their enforcement against EU companies constitute an obstacle to trade that is inconsistent with WTO rules.