For the complete report in the International Herald Tribune please click on this link
EU takes stock of effect of globalization on trade, seeks alternatives to WTO deal
As European manufacturers outsource more and more labor-intensive production abroad, leaving home-based rivals crying foul over cheap imports, what is the European Union's best response? Trade Commissioner Peter Mandelson hopes to trigger a debate this week on how the EU should deal with low-cost producers in Asia and South America and find ways to solve trade issues if a World Trade Organization deal falls through next year.
Tomorrow he will publish a paper setting out how Europe can stay competitive — investing more in research and development to make products the rest of the world wants and demanding patent protection to guard the fruits of that work.
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