July 18, 2012 / 12:06 PM / 5 years ago

Carmakers can't blame trade for their problems, EU says

BRUSSELS, July 18 (Reuters) - Europe’s struggling carmakers must reform their industry and cannot place the blame for falling sales on European trade deals with fast-growing Asia, the EU’s trade chief said on Wednesday.

“We have to sort this out independently of free-trade agreements,” EU Trade Commissioner Karel De Gucht told a news briefing. “Let’s not try to find a scapegoat somewhere,” he said.

“We are trying to open markets for our industries and industries must make sure there is a demand for their products,” De Gucht said. “That is a very fundamental rule in trade. If you look at the automotive sector, then you see why this is a fundamental truth.” (Reporting by Robin Emmott; editing by Rex Merrifield)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below