Activities of Godelieve QUISTHOUDT-ROWOHL related to 2011/2011(INI)
Shadow opinions (1)
OPINION on Global Economic Governance
Amendments (7)
Amendment 3 #
Draft opinion
Paragraph 1
Paragraph 1
1. Welcomes steps agreed by the G-20 Finance Ministers Summit in Paris on 19 February 2011 to measure global imbalances by a set of indicators including ‘the external imbalance composed of trade balance and net investment income flows and transfers’ agreed by the G-20 Finance Ministers Summit in Paris on 19 February 2011 and their commitment to coordinated policy action by all G20 members to achieve strong, sustainable and balanced growth;
Amendment 13 #
Draft opinion
Paragraph 3
Paragraph 3
3. Considers that global trade imbalances are partly due to and reinforced by social, environmental, fiscal and monetary mispricings, often comparable to deliberate dumping practices of governments; calls on the Commission to reflect on possible tariff and non-tariff conditions to be imposed on imports to compensate such mispricinginsufficient conditions and infrastructure for competitive market economies to generate wealth in LDCs;
Amendment 14 #
Draft opinion
Paragraph 3 a (new)
Paragraph 3 a (new)
3a. Calls on the Commission to design a comprehensive mechanism, largely based on and strongly interlinked with WTO regulations, that would allow to prevent using trade as a tool in pursuing foreign policy in a way contrary to internationally recognized democratic values, as reflected in the Charter of the United Nations;
Amendment 18 #
Draft opinion
Paragraph 4
Paragraph 4
4. Is convincedUnderlines that in order to target global trade imbalances multilateral rules are urgently needed with regard tothe WTO has to act in the context of exchange rate setting, and of the role of reserve currencies, and the limitation of excessive capital flows, including forms of capital control, and excessive price volatilities, including forms of supply-side management for particularly important product thereby reminding that according to the OECD due to growth of world trade and of investment the financial openness of its countries has more than doubled since the mid 1990s;
Amendment 26 #
Draft opinion
Paragraph 5
Paragraph 5
5. Is particularly concerned about the need to curb excessive food price volatility; calls on the Commission to design a specific EU Commodity Futures Trading Committee on the model of the USA with a competence to set individual and aggregated position limits on all commodity futures exchangefor stricter regulations on commodities trading and global standards for clearing contracts;
Amendment 29 #
Draft opinion
Paragraph 5 a (new)
Paragraph 5 a (new)
5a. Calls on the Commission to raise at the next EU-USA meeting of the Transatlantic Economic Council (TEC) the issue of mutual cooperation on supervision of commodity derivatives in line with existing transparency and market abuse regulation;
Amendment 31 #
Draft opinion
Paragraph 6
Paragraph 6
6. Calls on the EU to take the lead in implementinginto account G8/G20 summits' declarations, in particular with regard to tackling fossil fuels subsidies, undue links between public support and agriculture in OECD agricultural and trade policies, and the instability ansubsidies for fossil fuels and agriculture as well as OECD guidelines in this domain, including on trade in agriculture goods, food price volatility in food and commodities markets.;