Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-04-06-Speech-3-376-625"

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"en.20110406.29.3-376-625"2
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"Under Articles 206 and 207 of the Treaty on the Functioning of the European Union, foreign direct investment (FDI) is an exclusive EU competence. This development, which has serious consequences, represents a two-pronged challenge, namely, managing more than 1 200 bilateral investment treaties (BITs) and defining a European policy for future investment that meets the expectations of investors and beneficiary states, while also respecting the EU’s external action objectives. Consistent, sound and effective investment policy requires a clear definition of FDI, and a clear definition of its scope and application. I voted in favour of this report and would like to emphasise the call by Parliament to the Commission that it makes provision for the establishment of a clear definition of the investments to be protected, including both FDIs and portfolio investments, stipulating that investments of a speculative nature, as defined by the Commission, should not be protected."@en1

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