Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-05-11-Speech-3-378-000"
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"en.20110511.28.3-378-000"2
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"I consider regrettable the European Commission’s decision not to wait until Parliament has adopted its report on Europe’s future international investment policy and that it has decided to go ahead and offer India a mandate to negotiate for an investment chapter. It would be usual for the European legislative to be consulted when an international negotiation mandate is involved, in a situation where the European Parliament has a relevant role to play in terms of shaping EU-level investment policies. The Commission must respond as soon as possible to the request submitted by Parliament to define clearly the period of investment so that the provisions on investment protection do not undermine the parties’ ability to issue compulsory licences. Furthermore, the binding state-to-state dispute settlement mechanism only serves to empower foreign investors to initiate legal proceedings at an international level against the governments of the EU and India, while domestic investors only have recourse to national courts. This situation could undermine the national policy initiatives on environmental, social or fiscal legislation. The free trade agreement should be the most important of all the agreements negotiated so far. This is why focusing more attention on it would not do any harm."@en1
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