Local view for "http://purl.org/linkedpolitics/eu/plenary/1999-11-16-Speech-2-178"
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"en.19991116.10.2-178"2
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"The Commission recalls that the decisions and statements made at the European Union-US Summit of 18 May 1998 regarding the Helms-Burton and Iran-Libya sanctions acts, were intended to pave the way for a definitive solution to this major bilateral disagreement. The Commission remains very concerned that no tangible progress has so far been made on the US side on their commitment to seek Congressional amendment to Title 4 of Helms-Burton, not least since the US Administration has regularly recalled that the President is obliged in the absence of such an amendment to enforce Title 4.
The Commission has for its part always made it clear that if action is taken against EU companies or individuals under the Helms-Burton Act it would request a new WTO panel against the US in respect of this act. The Commission had urged the US Administration to accelerate the implementation of the May 1998 Summit deal. The Commission is aware of the inquiries by the US State Department into the activities of certain of the companies mentioned by the honourable Member and is following the situation very closely. The Commission will continue to keep the European Parliament informed of any new developments regarding the implementation of the 18 May 1998 understandings.
Let me just add this: I raised these issues at a meeting with Secretary of State Albright last week. I also went to see Senator Helms on the same visit to Washington. I stressed two points: first our commitment to opposing extra-territorial legislation, second our commitment to protecting property rights and the law of contract. I pointed out that if a waiver enabled us to trigger the May 1998 undertakings, that would ensure a comprehensive attack on the expropriation of property, not just in Cuba, where the May 1998 understanding was strongly attacked. I hope that the senator in particular and his colleagues in the Senate and the House of Representatives will reflect very carefully on what I said."@en1
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