Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-04-06-Speech-3-379-000"
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"en.20110406.29.3-379-000"2
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"The Treaty of Lisbon has brought foreign direct investment (FDI) under exclusive EU competence. This represents a two-pronged challenge: firstly, with regard to managing the Member States’ current bilateral investment treaties (BITs) and, secondly, defining a European investment policy that meets the expectations of investors, the beneficiary states, and the interests of the EU. An integrated, coherent policy that promotes high quality investments, and which makes a positive contribution to economic progress and sustainable growth worldwide, is vital. To that end, we should move towards a clear definition of the investments to be protected, with the exception of those of a speculative nature, which should not be protected. It would be useful to introduce the term ‘EU investor’ and advisable to thoroughly define ‘foreign investor’. By identifying best practices drawn from Member States’ experiences, and by respecting basic standards such as non-discrimination, fair and equal treatment, and protection from direct and indirect expropriation, we will have the foundations for a coherent European policy on this issue. These measures and a definition of the sharing of responsibilities between the EU and the Member States will contribute to creating the conditions for small and medium-sized enterprises (SMEs) to invest abroad."@en1
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