The new trade strategy presented by Peter Mandelson in the press room on Wednesday raises quite a few questions. Mr Mandelson was clever enough to present it to journalists, and therefore to the public, as the second strand of the Lisbon Strategy. The first deals with the internal competitiveness of the Union, this one deals with external competitiveness, with the aim of each being economic growth and employment. Who could question such an aim? The advantages for Europe would be threefold:...