BRUSSELS: Swedish Prime Minister Stefan Lofven said on Thursday he opposes moves to put the brakes on free trade deals, as French President Emmanuel Macron prepared to urge EU leaders to slow down on new agreements.

Macron is set to appeal to his European Union counterparts at a summit in Brussels to go more slowly, arguing the deals are alienating EU citizens who are wary of globalisation.

“I do respect different concerns of course and we need to discuss that,” Lofven said in an interview in Brussels when asked about Macron’s stance.

“But I do not like a general approach that we should slow down trade agreements. That’s not where we stand. We need trade agreements,” added Lofven, who will host a summit of EU leaders in Gothenburg on Nov 17 on jobs and growth.

Macron argues that EU governments no longer have the popular support to negotiate trade deals as many Europeans fear they will lead only to more job losses as well as weaker environmental and health standards. But Lofven, who has headed a fragile Social Democrat coalition since 2014, said trade deals were needed for economic growth, and without them, Europe will lack enough resources to create jobs and look after the welfare of its 500 million people.

However, he said popular concerns need to be addressed.

Risky situation: Macron insisted that the topic of free trade agreements be put on the agenda for the EU summit dinner.

But many EU member states are loath to making protection from globalisation the priority rather than keeping the focus on forging new trade deals that they believe deliver growth and create jobs.

They also urge the EU to seize the opportunity created by the anti-globalisation leanings of the Trump administration.

The EU has pledged to fast-track free trade talks with Australia and New Zealand, and would do so by bypassing the risky national ratification process that could torpedo a similar deal with Canada.

Brussels has also revived discussions with Mexico, and also with Mercosur.

Published in Dawn, October 20th, 2017

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