Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-05-10-Speech-2-447-000"
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"en.20110510.60.2-447-000"2
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"The adoption of the approved regulation is necessary, for the current system, which is created through a large number of mutually overlapping and sometimes even conflicting bilateral agreements on investments concluded by Member States, must be replaced within a reasonable period of time by a new system of modern investment agreements concluded by the EU, which will be in line with the general goals of EU policy. The regulation is therefore the logical and only possible reaction for enshrining policy in the area of direct foreign investments as exclusive powers of the EU, which forms part of the EU’s common commercial policy. The policy has the important role of ensuring a high level of legal certainty in a period of transition. I therefore wholly agree with the Commission proposal, which counts on coexisting agreements. It is essential for existing Member State agreements on investment to remain in force on the basis of the approval procedure, and for Member States to be able to negotiate changes to them under clear conditions, to complete the ongoing negotiations and to begin negotiations on new agreements."@en1
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