International trade must not limit democracy
‘Profit from Trans-Atlantic trade cannot be captured by a small group of beneficiaries, but by the society at large. Trade must not limit democracy,' said Daniel Costello, Ambassador of Canada to the European Union at the plenary session ‘The Turning Point. How Will Transatlantic Economic Relations Change?'
Emerging Market Champions Citi Handlowy awards were presented before the plenary session. The awards went to Maspex and LG Chem.
Jerzy Kwieciński, Secretary of State at the Ministry of Economic Development, who attended the ceremony, stressed that the Polish banks are among the most innovative worldwide. The government truly hopes that the financial sector will support Polish businesses in their international expansion.
The attendees probed for answers to the questions whether European integration is feasible without America and other continents and what the growing purchasing power of the Far East means for Trans-Atlantic commercial relations.
Andrzej Olechowski, Chair of the Supervisory Board, Citi Handlowy, sees firm and durable relations between the USA and Europe in economic matters. However, he doesn't know what the future of this cooperation looks like, in particular in the context of Donald Trump's politics.
Candi Wolff, Executive Vice President, Global Government Affairs, Citi Group, stated that President Donald Trump is currently withdrawing from several menacing announcements to limit international trade, made during the presidential campaign. There is every sign that the USA will not withdraw from the NAFTA agreement. It is a pity that the TTIP partnership between the USA and Europe will not be finalized. Bilateral agreements are a priority for the United States right now.
‘The administration is focused on strengthening antidumping remedies and pays less attention to opening new markets. Still, I am an optimist. We need trade because it generates new jobs. More weight just needs to be attached to integrity and best practices,' she added.
Daniel Costello, Ambassador of Canada to the European Union, reminded that talks between Canada and Europe (CETA) lasted over 10 years. In his view, CETA agreement will yield measurable benefits. ‘Trade is of crucial importance for people. We can also see though that a lot of people are confused and see trade as a risk. Therefore, trade agreements must be profitable for all parties, just like economic growth cannot be achieved at the expense of social policy,' he said.
‘We have to demand solutions in international trade that will be beneficial for the EU. Europe ought to speak in one voice. International trade offers 30 million jobs in Europe. One out of eight jobs in Poland is related to trade. The EU must promote international trade according to WTO standards so as to secure equal conditions for everyone,' said Denis Redonnet, Director for WTO, Directorate for Legal Affairs and Trade in Goods, European Commission.
Citi Handlowy was the partner of the session.
Centre for International Studies was the debate's knowledge partner.
The European Forum for New Ideas is an international business congress attended by prominent representatives of politics, culture, science, and media. It has been organized since 2011 by the Polish Confederation Lewiatan in cooperation with BusinessEurope, the city of Sopot, and Polish and foreign companies and organizations. The Forum is aimed at creating ideas for a strong Europe and a competitive economy, a Europe open to trends of social growth and technology. This year's EFNI is held on 27-29 September in Sopot, and its central theme is: "Globalism, bilateralism, economic patriotism? Challenges for societies and business."
More information: www.efni.pl
Honorary Patronage European Parliament
Institutional Partners Employers' Group European Economic and Social Committee, European Commission - Representation in Poland, Social Dialogue Council, Poland-Japan Economic Committee
Strategic Partners MetLife, Citi Handlowy
Main Partners IKEA, Invest in Pomerania, KPMG, TESCO, Polish Automotive Employers' Association
Supporting Partners Foundation for Polish Science, Ergis Group, the city of Gdańsk, Orange, Siemens, T-Mobile, Digital Technology Employers LEWIATAN, Pomeranian Voivodeship Local Government, Google, Family Business Network
Strategic Media Partners TVN24 BIS, Gazeta Wyborcza, Grupa Onet.pl
Main Media Partners EURACTIV, Forbes, Newsweek, TOK FM
Supporting Media Partners AMS, Business Insider Polska, Dziennik Gazeta Prawna, INNPoland, Parkiet, Publicon, Puls Biznesu, Radio Gdańsk, Radio Zet, trójmiasto.pl, Warsaw Business Journal
Knowledge Partners Centre for International Relations, Polityka Insight, THINKTANK, Global Compact Network Poland - UN Secretary General Initiative Global Compact
Logistics and Technology Partners BMW, Gdańsk Lech Wałęsa Airport, Dell
Executive Producer IDFX
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