Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-05-09-Speech-1-192-000"

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"en.20110509.22.1-192-000"2
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"Madam President, since 2009, commercial policy has come under the exclusive remit of the European Union and we must now find a common denominator for a large part of foreign investment policy. There will therefore be a transition period during which the competences relating to bilateral investment agreements between Member States and third countries will be transferred at EU level. In this situation, I believe that adopting an EU-level procedure for verifying and reviewing bilateral investment agreements is preferable to a formal intergovernmental arrangement. The role of completing the implementation of the changes must be given to the European Commission and not to Member States, so as to ensure protection of the common interest. This is why the European executive has to guarantee both legal certainty for the investors due to be affected by the transition process and equivalent investment conditions for companies from all the European Union’s Member States."@en1
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