Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-05-10-Speech-2-448-750"

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"− This report is on the proposal for a regulation of the European Parliament and of the Council establishing transitional arrangements for bilateral investment agreements between Member States and third countries. Pursuant to Article 207(1) of the Treaty on the Functioning of the European Union (TFEU), this is the exclusive competence of the European Union, as it relates to matters of foreign direct investment. Without questioning the need for the Member States’ existing bilateral treaties to remain in force, I agree with the rapporteur’s position in the sense of ensuring a high degree of legal certainty during the transition period, and also with the three reasons for withdrawing authorisation for a bilateral treaty: ‘conflicts with the law of the Union’, ‘overlap, in part or in full, with an agreement in force with that third country and this specific overlap is not addressed in the latter agreement’ and treaties that might ‘constitute an obstacle to the development and the implementation of the Union's policies relating to investment’."@en1

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