European Union Trade Commissioner Karel De Gucht believes businesses
need to be lean and mean if they're to ensure growth during the tough
economic times engulfing the continent. "We cannot get out of this crisis without the businesses," says De
Gucht. "It's the companies who are performing the export and the trade,
and who produce the products that we can market on the world
marketplace."
De Gucht emphasizes the need for businesses to be innovative to guarantee they survive and thrive in troubled economic times. "They should be confident and continue taking risks, measured risks, but you cannot do business without taking risks," he says. He also believes European companies need to look outside the continent
for future growth, and points to China as a market which should be
explored more. "Ninety per cent of growth will be realized in the coming
years outside of Europe, and China alone will be responsible for one
third of that."
De Gucht recognizes the European Commission's role in helping companies
trying to enter into the Chinese marketplace. The Commissioner
acknowledges while there are plenty of opportunities in the Asian
powerhouse there are also problems, citing intellectual property rights
as one area of concern. He says the body is trying to create conditions to make it easier for
business. "We have a lot of problems in this market but we have to
realize that it is one of the most promising in the world."
Source URL: http://edition.cnn.com/2011/11/24/world/europe/karel-de-gucht/index.html?hpt=ieu_bn2
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- Mar 30 Fri 2012 14:33
European businesses need to be 'lean and mean' to survive
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