Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-05-09-Speech-1-137-000"
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"en.20110509.20.1-137-000"2
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"Mr President, it is right that, in a situation where there is a problem with extending trade liberalisation within the World Trade Organisation, the European Union is concluding free trade agreements with important global partners, such as India. We have much in common with India – it is the largest democracy in the world, it is a country which acts as a stabilising influence internationally, and it is our ally in the fight against international terrorism. Trade relations play a huge role, today. Arranging them in the right way would lead to economic growth in India and the development of the country, and would improve international stability. It is in our interest.
It is right that we are also expecting the Commission to take up the very significant subject of foreign investments, and to include the promotion and protection of foreign investments. A European Parliament document on this subject already exists, addressing what Parliament expects from future talks on the mutual protection of foreign investments. Tomorrow, we will be voting on an important regulation which will allow the Commission to take further action. It is very important that this sector should expand and bring benefits for European and Indian investors."@en1
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