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2005-10-18

Bush, European Union President Seek Successful Trade Talks

The United States and the European Union (EU) want to enhance global prosperity through trade and move the Doha round of trade negotiations forward, President Bush said.

Speaking October 18 with European Commission President Jose Manuel Barroso, Bush said, “There’s no question we share the same objective.”

The trade talks are scheduled to take place in December in Hong Kong, and have focused upon issues such as agricultural subsidies and tariffs.  U.S. Trade Representative Rob Portman outlined October 10 a U.S. proposal to World Trade Organization (WTO) agricultural negotiations that would require the United States to cut substantively farm subsidies and other countries to improve substantively market access for U.S. exports.  (See related article.)

President Barroso said the EU hopes for “ambition and balanced results” at the WTO ministerial in Hong Kong not only on agriculture but other issues such as services “so that our citizens can really see the benefits of globalization.”

“[W]e have a common interest in opening up markets,” Barroso said, and noted that trade relations between the United States and Europe are valued at $1 billion per day and constitute 40 percent of world trade.

President Bush said the United States also wants to work in collaboration with the EU to achieve important goals such as spreading peace and democracy around the world.

Bush said it is very important for Europeans to know that “America values our relationship, wants the EU to succeed, [and] wants to work and collaboration to achieve some big objectives.”

Barroso said the United States and Europe “share exactly the same values of freedom, democracy and human rights and we compliment each other in putting forward this agenda.”

Following is the transcript of the two presidents’ remarks:

THE WHITE HOUSE
Office of the Press Secretary
October 18, 2005

REMARKS BY PRESIDENT BUSH
AND EUROPEAN COMMISSION PRESIDENT JOSÉ BARROSO
IN A PHOTO OPPORTUNITY

The Oval Office

11:50 A.M. EDT

PRESIDENT BUSH:  It's my pleasure to welcome back to the Oval Office my friend, José Barroso.  Welcome.

PRESIDENT BARROSO:  Thank you.

PRESIDENT BUSH:  Thank you for taking time out of your schedule to come and visit and talk about U.S.-EU relations.  I told José that it's very important for the people in Europe to know that America values our relationship, wants the EU to succeed, wants to work in collaboration to achieve some big objectives.  One is to lay the foundation for peace by -- by spreading democracy and freedom.  And I appreciate your understanding, and thank you for working closely on that.

Secondly is to help enhance the prosperity of our -- of our respective countries, as well as the world, through promoting free and fair trade.  We talked about what it requires to get the Doha Round moving forward.  We had a good, frank discussion on that, and there's no question we share the same objective.

We talked about what we can do to work together to move forward on a lot of issues.  The main thing I came away from, again, is, one, I value José's leadership, his advice, but also how important the relationship between the EU and the United States is, and that we can achieve a lot of important things when we work together.

So, welcome back.  Thank you for hosting me last winter.  I'm proud to have you here.

PRESIDENT BARROSO:  Thank you very much.  It's a great pleasure for me to be, once again, here in White House with President Bush.  I thank him and the First Lady for their kind and friendly hospitality.

As President Bush said, this relation is very important, most of all, because we share exactly the same values of freedom, democracy, and human rights, and we complement each other in pushing forward this agenda, but also, in economic terms.

We have now a trade relation of more than $1 billion a day.  So together, we are 40 percent of world trade.  So we have a common interest in opening up markets.  We very much in the European Union are looking forward for a success of those talks.   We want it to have ambitious and balanced result, on agriculture, but not only agriculture.  I want to emphasize this point -- service policy is very important, so that our citizens can really see the benefits of globalization.  And we want to work together, the United States also, engaging others, emerging markets, but also thinking about countries, engaging them constructively for this -- the success of these talks.

These were the main issues that I had the pleasure, once again, to discuss with President Bush, in his very frank and friendly manner.  I really believe we have a lot to do together, the European Union and United States.

PRESIDENT BUSH:  Thanks, José.  Appreciate you.

END       11:54 A.M. EDT

Embassy of the United States