LYMEC recognises the opportunities offered by globalisation and the maximisation of free trade. In general, protectionism and free trade barriers serve only to prop up unviable industries and support state budgets: they do not benefit consumers and do not facilitate sustainable economic development. We thus believe that the EU must embrace globalisation by taking the necessary steps to develop into a dynamic, information and knowledge-based economy, which will in turn render emerging economies in other regions an opportunity, rather than a competitive threat.