Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-04-06-Speech-3-369-500"
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"en.20110406.29.3-369-500"2
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"The Treaty of Lisbon provides for exclusive EU competence in the area of foreign direct investment (FDI). This development, which has significant consequences, throws up a double challenge both for managing more than 1 200 bilateral investment treaties (BIT) already concluded by the Member States and to define a future European investment policy which meets the expectations of investors and beneficiary states while, at the same time, respecting the objectives of the EU’s external action. When concluding BITs, the aim is to ensure that investors from developed countries have legal and financial protection. I agree that when developing future EU investment policy, investor protection must remain the first priority of investment agreements. The EU’s future policy must also promote investment which is sustainable, respects the environment (particularly in the area of extractive industries) and encourages good quality working conditions in the enterprises targeted by the investment. Hence, the recent reform of the Organisation for Economic Cooperation and Development’s guidelines to promote responsible behaviour on the part of international enterprises should be promoted by the EU."@en1
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