Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-05-09-Speech-1-197-000"
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"en.20110509.22.1-197-000"2
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"Madam President, Member States’ investment policies must be harmonised at EU level as part of a common commercial policy. Member States should ensure that bilateral investment agreements are compatible with the Union’s development policies. The Commission must gradually replace existing agreements with new ones which will offer an ideal system for protecting investments. Due to the risky nature of direct foreign investments, a high level of legal certainty must be guaranteed during the transition period.
In this regard, I welcome the approach adopted by the Commission and rapporteur, based on coexistence. It is vital for bilateral agreements to remain in force and for Member States to be able to finalise negotiations or initiate new ones. Finally, I support setting a timeframe with a deadline for the transition from Member States’ bilateral agreements to EU international agreements."@en1
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