Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-04-04-Speech-1-275-000"
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"en.20110404.23.1-275-000"2
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"The enlargement, by the Treaty of Lisbon, of the EU’s sphere of competence to include foreign direct investment means that a true European policy on this matter can finally be envisaged. At this stage of developing the policy, the priority is to provide as much certainty as possible both to investments and to investors. Therefore, the shift from a national competence to a European one should not, under any circumstances, disrupt the proper implementation of the 1 200 or so agreements in force between the Member States and third countries. Again, for the sake of legal certainty and predictability, the EU must now devise an effective, transparent dispute settlement mechanism that is accessible to all investors, including the smallest ones (SMEs for example). The mechanisms integrated into the most recent bilateral trade agreements are a good foundation, but they only concern disputes between a state and the EU. Provisions suitable for a potential dispute between the EU and a company must be established. Lastly, the EU must seize this opportunity to go further: it must include in future agreements not only clauses facilitating the establishment of investors in these countries, but also basic provisions relating to social and environmental standards."@en1
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