Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-07-06-Speech-2-539"
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"en.20100706.31.2-539"2
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"Indeed, very briefly, because this is a subject which we could discuss at length. Let me just say that the negotiations on a Free Trade Agreement between the EU and Colombia and Peru were indeed finalised recently, but the agreement has not yet been formally initialled.
The text of the agreement is currently subject to legal review in order to ensure coherence and correspondence of the two negotiated texts in English and in Spanish. This is likely to end in the autumn of this year, and, once the final texts are initialled by the negotiators, the Commission will submit them to Council for signature and conclusion of the FTA.
The FTA will be formally submitted by the Council to the European Parliament for its consent after the adoption of the Council decision for its signature. At this stage, it is difficult to predict the exact date for this, but it is likely to take place in the second half of 2011.
It is not yet clear whether the national parliaments would also be called on to approve the agreements. The Commission will examine whether Member States’ ratification is necessary as soon as the final text of the FTA is consolidated, taking into account the new distribution of competences between the EU and the Member States resulting from the Lisbon Treaty.
I can confirm that the agreement with Colombia and Peru includes a broad clause on human rights. As this clause constitutes an essential element of our relationship, it can therefore lead in case of breach to the unilateral suspension of trade preferences without prior consultation. Such suspension would be made through a decision taken under qualified majority by the Council on the basis of a proposal either by the Commission or the High Representative of the EU for Foreign Affairs and Security Policy, pursuant to Article 218(9) of the Treaty on the Functioning of the EU.
The whole text of the agreement, including the clause on human rights, was transmitted to the INTA Committee in March of this year after the conclusion of the negotiations."@en1
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