Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-05-10-Speech-2-446-468"
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"en.20110510.60.2-446-468"2
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"I voted in favour of this report, because following the entry into force of the Treaty of Lisbon, the EU’s common commercial policy became one of the common EU policy areas where the EU is given exclusive competence. Thus investment policy, an area which falls under the common commercial policy, must also be coordinated at EU level. Currently Member States comply with partly overlapping but often conflicting bilateral investment agreements with third countries, and this hampers the objectives of the EU’s common commercial policy, and the formation of the image of the EU as a single trade area in transnational and global trade. This report’s most important objective is the smooth transition from investment policies pursued by Member States individually to a common EU investment policy, ensuring legal certainty for all parties, and agreements already concluded for participants in the transitional period, when the old legal framework is being replaced by the new regulation. Essentially this report addresses two fundamental issues - a timeline for the transition, and the cases and procedures for withholding authorisation to hold negotiations with third countries, which the Commission gives a Member State during the transitional period."@en1
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