Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-04-17-Speech-2-030-000"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2012-04-17"^^xsd:date2
dcterms:Is Part Of	lp_eu:Legal security of European investments outside the European Union2
lpv:document identification number	"en.20120417.13.2-030-000"2
lpv:hasSubsequent	lp_eu:2012-04-17-Speech-2-032-0002
lpv:speaker	lp:Catherine Ashton2
lpv:translated text	"Mr President, I would like to, if I might, make a statement on Argentina and the situation there in response to Mr Salafranca’s request and to the concerns of this Parliament. Last night, the Argentinean Government announced that it intends to expropriate the majority stake held by the Spanish company Repsol in the YPF energy company. This announcement gives cause for grave concern. YPF is an important European Union investment in Argentina. A takeover sends a very negative signal to international investors and could seriously harm the business environment in Argentina. The measure creates legal insecurity for all European Union and foreign firms in the country. I am also alarmed to note that the President referred in her speech to investments in other sectors, such as telecoms and banking. This announcement adds to a number of problematic decisions taken by Argentina over the past few years in the areas of import restrictions and investment policy. The government of Argentina must ensure compliance with its international commitments on the treatment and protection of investments originating from the European Union. As a result of this announcement, we have decided to postpone the meeting of the EU-Argentina Joint Cooperation Committee which had been scheduled to take place on Friday this week. This matter will also be discussed at next Monday’s Foreign Affairs Council in Luxembourg. The Spanish Government has our full backing in this matter. The European Union delegation in Argentina has conveyed these concerns to the government of Argentina. The announcement was only made last night, but the Commission and the External Action Service are studying the Argentinean draft measure so as to determine the next steps. All possible options are being analysed."@en1
lpv:unclassifiedMetadata	"Catherine Ashton,"1 "Vice-President of the Commission/High Representative of the Union for Foreign Affairs and Security Policy."1
lpv:videoURI	<go to Events_and_structure europarl>2

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