Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-04-23-Speech-3-175"
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"en.20080423.16.3-175"2
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"The Committee on Development has drawn up a very balanced report on China's policy and its effects on Africa.
I have all the more satisfaction in voting for it in that I had a very unfortunate experience at the ACP-EU Joint Parliamentary Assembly. In my report on the impact of foreign direct investment, I made a few critical observations on Chinese investments in Africa. The ACP delegates, with the connivance of the Socialists, Communists and Greens, succeeded in removing all of them from the report.
Why were they unwilling to state that Chinese FDI is concentrated on the extractive industries and often supports ACP governments in policy orientations that are not in the interest of democracy, rule of law and poverty eradication in those countries?
Why did they remove the finding that Chinese FDIs are invested in certain multinationals that inundate African markets with low quality goods, especially textiles?
I welcome the reference in the report’s explanatory statement to the fact that the Chinese scramble in Africa is reaping African national resources for Chinese profit and undermining sustainable development. There is also concern about the risk that China might export some of its worst home practices to Africa …"@en1
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"(Explanation of vote cut pursuant to Rule 163 of the Rules of Procedure)"1
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