Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-04-06-Speech-3-270-250"
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"en.20110406.29.3-270-250"2
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"I agreed with this document because to date, disputes arising from the Euro-Mediterranean agreements relied solely on diplomatic approaches for a resolution. In practice, this is not efficient and has led to situations where disputes remained unresolved, as they could easily be blocked by the ‘injuring’ party. The upgrades to the Euromed free trade agreements can contribute towards economic and political stability in this key region with a view to consolidating a single area of peace, development, justice, equality, freedom, plurality, democracy and respect. Furthermore, the proper application of such a mechanism could increase the security and the predictability of our bilateral trade relations and could represent a further step towards the setting up and the proper functioning of the Euromed free trade area. Lingering disputes have a negative effect on the business community and on end consumers on both shores of the Mediterranean. With the entry into force of the Treaty of Lisbon, foreign direct investment became part of EU trade policy, and thus part of the Union’s exclusive competence. In an era where foreign direct investment plays an important role in the economic welfare of countries and regions, a well functioning and effective dispute settlement mechanism will also serve to solve disputes in this area."@en1
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