Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-05-09-Speech-1-196-000"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2011-05-09"^^xsd:date2
dcterms:Is Part Of	lp_eu:Transitional arrangements for bilateral investment agreements between Member States and third countries (debate)2
dcterms:Language	"el"^^xsd:language2
lpv:document identification number	"en.20110509.22.1-196-000"2
lpv:hasSubsequent	lp_eu:2011-05-09-Speech-1-197-0002
lpv:speaker	lp:Georgios Papastamkos2
lpv:spokenAs	substitute; INTA (2009-07-16--2012-01-18)3 vice-chair; Delegation for relations with Australia and New Zealand (2009-09-30--2012-02-01)3 member; AGRI (2009-07-16--2012-01-18)3 unknown; Nea Demokratia (2009-07-14--2014-06-30)3 substitute; Delegation for relations with the Palestinian Legislative Council (2009-09-16--2014-06-30)3 member; EPP (2009-07-14--2012-02-02)3
lpv:translated text	"Madam President, the adoption of a common foreign investment policy which safeguards equal treatment for all European investors is a very important move. However, until such time as it is possible to conclude investment agreements at Union level, a legal vacuum – the legal uncertainty referred to by Mr Caspary – needs to be avoided and the necessary security of law must exist for European investors. I would point out that the legislation of the Member States of the Union, in conjunction with unifying legislation, provide every guarantee needed for third country investors. On the other hand, if a high level of protection is to be safeguarded for Europeans investing in third countries, the current bilateral agreements executed by individual Member States of the Union need to remain in force. The draft resolution does not, in my opinion, safeguard the necessary security of law in any way whatsoever. I refer, in particular, to the points relating to: firstly, the Commission’s discretionary powers to withdraw the authorisation to maintain existing agreements or to approve new negotiations to amend current or execute new agreements; secondly, the provision to review the legal framework within five years; and thirdly, the extremely time-consuming procedures for executing new agreements. The amendments adopted by the Committee on International Trade are, in my view, a move in the right direction. I repeat, the objective should be to maintain existing and simplify the procedure for executing and applying new bilateral agreements."@en1
lpv:videoURI	<go to Events_and_structure europarl>2

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