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European Council

I entirely agree with my right hon. Friend. We still have some time in which to make sure that the World Trade Organisation talks succeed. The positions of Europe and America are closer now: there is not a great gap between the main players in the talks, and it is essential that we use the next period of time to get the negotiations completed. I also think there is a big argument to be mounted in Europe as a whole—to show that globalisation is in the end beneficial for European economies and that the right way of protecting people in respect of globalisation today is not over-heavy labour market regulation, but investment in things such as education and skills.