Local view for "http://purl.org/linkedpolitics/eu/plenary/2013-10-08-Speech-2-567-000"
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"en.20131008.42.2-567-000"2
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"Mr President, I would like to congratulate the Commissioner on the first stand-alone investment agreement negotiation since FDI became an exclusive competence of the Union.
The bilateral trade relations of our two economies are rapidly developing into a global economic marriage, but the FDI of both blocs has scope for further improvement. It represents, currently, less than 3% of outflows. We can boost investment flows by responding to the needs of investors. For example, we need liberalisation of market access and of the regulatory environment through improved access to markets, reduction of investment barriers, legal certainties and investor protection.
I welcome the Commissioner’s intention to use the agreement to press our policies of sustainable development and CSR. These are important, but I urge the Commission to focus in its negotiations on the following: on the one hand on asking the Chinese to help EU investors through simplified licensing, minimising limits to foreign ownership, providing guarantees to improving intellectual and industrial property rights and geographic indications, and moving beyond the joint ventures towards greater openness, reflected in other legal regulations.
I know this may not appeal to the rather exotic Dartmouth-Brons school of economics, but it will certainly help the rest of us.
The EU can help China too by scrapping export subsidies and reviewing technical obstacles."@en1
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