Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-05-09-Speech-1-195-000"
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"en.20110509.22.1-195-000"2
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"Madam President, out of some 2 500 bilateral investment treaties in the world, 1 500 concern EU Member States. Outside trade and investment are essential for economic recovery. I doubt whether many external markets trust trade packages with the EU in the light of the failing euro and the Commission’s botched attempts to save three of its Member States’ economies. What sort of effect will EU exclusive competency on bilateral investment have on Member States?
The UK has a trade deficit with the EU and relies on negotiations with third countries, many of which have been in place for years and relate to our Commonwealth of Nations.
I am appalled that the EU is seeking to implement a device to proffer national packages at Union level by majority voting, undermining the ability of individual Member States to gain or maintain advantages that may substantially support domestic economies. I would like to ask the Commission whether it actually recognises
in international law."@en1
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