No Alternative To Multilateralism In Global Commerce: Ex-Eu Trade Official
The Hindu Business Line|December 02, 2019
The European Union will continue to work towards free trade, says Karel De Gucht
V Rishi Kumar
No Alternative To Multilateralism In Global Commerce: Ex-Eu Trade Official

“The European Union is the biggest trader and the biggest importer, and as a bloc, we are the biggest exporter as well as the biggest investor. As the most important trading bloc, we are convinced that we should show the way, through a rule-based approach, on the need to remove trade barriers,” said Karel De Gucht, a former EU Commissioner for Trade.

Taking part in a conversation with R Srinivasan, Editor, BusinessLine, on ‘Overseas trading and doing business with Europe after Brexit,’ the Belgian Minister of State said, “There is no alternative to global trade and going about it through multilateralism. Countries need to open up and that is the way to go.”

They were speaking at a discussion on the theme ‘Your pharma and life sciences hub in Europe, Belgium,’ in Hyderabad.

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