Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-04-06-Speech-3-374-000"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2011-04-06"^^xsd:date2
dcterms:Is Part Of	lp_eu:Explanations of vote2
dcterms:Language	"pt"^^xsd:language2
lpv:document identification number	"en.20110406.29.3-374-000"2
lpv:hasSubsequent	lp_eu:2011-04-06-Speech-3-374-5002
lpv:speaker	lp:Ilda Figueiredo2
lpv:spokenAs	vice-chair; Delegation for relations with the countries of Central America (2009-09-16--2012-01-17)3 unknown; Coligação Democrática Unitária (PCP-PEV) (2009-07-14--2012-01-17)3 vice-chair; EUL/NGL (2009-07-14--2012-01-17)3 vice-chair; EMPL (2009-07-16--2012-01-17)3 member; FEMM (2009-07-16--2012-01-17)3 substitute; ITRE (2009-07-16--2012-01-17)3 substitute; Special committee on the policy challenges and budgetary resources for a sustainable European Union after 2013 (2010-06-17--2011-06-30)3 member; Delegation to the Euro-Latin American Parliamentary Assembly (2009-09-16--2012-01-17)3 substitute; Delegation for relations with the Mercosur countries (2009-09-16--2012-01-17)3
lpv:translated text	"In the definition given by the Court of Justice of the EU, foreign direct investment (FDI) means ‘a long-lasting investment, representing at least 10% of the affiliated company’s equity capital/shares and providing the investor with managerial control over the affiliated company’s operations’. With the entry into force of the Treaty of Lisbon, FDI came under sole EU competence, the main roles of which are managing current bilateral investment treaties (BITs) and setting out a European investment policy ‘which meets the expectations of investors and beneficiary states’. Due to these new responsibilities, the rapporteur advocates the implementation of a common investment policy. However, our position is different. In most cases, FDI does not solve the problem of development in the countries where it is carried out. We are all well aware of what multinationals do. They stay whilst they obtain massive profits and grants. Then, at the slightest sign of trouble, they look elsewhere and pay no heed to the unemployment and obstacle to development that they create. Portugal, unfortunately, knows this situation only too well."@en1

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