Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-05-10-Speech-2-448-500"

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"− With the entry into force of the Treaty of Lisbon, pursuant to Articles 206 and 207 of the Treaty on the Functioning of the European Union (TFEU), foreign direct investment becomes the exclusive competence of the European Union. At the moment, many bilateral agreements are in force and they now urgently need to be replaced by a new framework of EU investment treaties consistent with its cross-cutting political objectives. The intention is now to find fair and effective transitional measures that will safeguard the bilateral agreements in force and not disregard the expectations of investors. Therefore, we must avoid legal loopholes and ensure a considered transition. As such, I call on all those involved in the trialogues to properly weigh up the need to protect legitimate expectations and the correct application of the Treaty of Lisbon, paying particular attention to the articles relating to the re-examination and withdrawal of authorisation. I would commend the rapporteur on all the efforts made, but I call for greater consideration and compromise."@en1

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