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EU paper suggests protecting common market - EUobserver.com
EUOBSERVER / BRUSSELS - Just weeks after the European Commission revealed its plans to prevent foreign companies from uncontrolled access to the EU's energy sector, Brussels is set to reiterate that in a global economy "openness is not a one-way street."

"The EU has a key stake in using its clout in global negotiations to ensure that openness is not a one-way street: the political case for openness can only be sustained if others reciprocate in a positive manner", a paper on globalisation drafted by the EU's executive body says.

The paper argues that the 27-nation bloc "needs to ensure that third countries offer comparable levels of openness to EU exporters and investors".

At the same time, it underlines that foreign companies wishing to do business in EU territory "will not be allowed to by-pass the rules applied in the [union's] internal market".

The 9-page document is the commission's contribution to an EU leader's informal summit on 18-19 October - a meeting primarily designed to put a full stop behind the union's years-long journey towards a new treaty.
by Fran on Tue Oct 9th, 2007 at 11:48:24 PM EST
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