Activities of Fernando RUAS related to 2016/2064(INI)
Shadow opinions (1)
OPINION on the implementation of the European Fund for Strategic Investments
Amendments (7)
Amendment 1 #
Draft opinion
Paragraph 1
Paragraph 1
1. Believes that the European Fund for Strategic Investments (EFSI), which is used toaiming at financeing risky and innovative projects, canmust be used as a tool to boost EU growth and promote the development of strong, sustainable and competitive industry; in this regards, calls for the increasing of EFSI's role in the cohesion agenda through improvement of the sectoral and geographical balance of the investments done under this frame; takes the view that barriers to combining EFSI with other EU instruments (mainly European Structural and Investment Funds) should be removed and EFSI's eligible sectors need to be expanded;
Amendment 6 #
Draft opinion
Paragraph 2
Paragraph 2
2. Highlights the interest among cultural and creative sector (CCS) stakeholders in EFSI funding as well as the potential of the SME Window for the sector, which could develop innovative business models and thus boost growth and job creation in the sector; regrets, however, the lack of awareness of EFSI and its funding options; insists that communication efforts be scaled up, tailored to the needs of the CCS and rolled out locally in Member States, including through the Creative Europe Desks;
Amendment 8 #
Draft opinion
Paragraph 2
Paragraph 2
2. Recalls that China is planning to contribute to the EFSI and that the Commission has said that China will not be given any quid pro quo, in particular as concerns governanc; reiterates the fact that all possible future third country contributors have to meet all EU rules on public procurement, labour law and environment regulation and fulfil the same rules applicable to private investors when investing under this frame;
Amendment 14 #
Draft opinion
Paragraph 3
Paragraph 3
3. Points out that only 13% of SMEs trade outside the EU; takes the view that the EFSI should give priority to the internationalisation of SMEs through supporting projects for producing companies with export activities and strengthen the role of the European Investment Advisory Hub (EIAH) by giving it an export aid mission; strongly believes that an increased complementarity between the different pillars of the "Investment Plan for Europe" (IPE) would have major benefit and call for actions in this regard;
Amendment 22 #
Draft opinion
Paragraph 4
Paragraph 4
4. Notes with interest the proposal Commission President Juncker made during his 2016 State of the Union address to giveWelcomes the Commission initiative on launching the EFSI uropean eExternal element in orderInvestment Plan (EIP) to mobilise between EUR 44 and 88 billion in investments in Africa and the Neighbourhood; stresses that these investments should not take the place of existing investments, must comply with the additionality principle in respect to projects that are already being financed and should be targeted towards risky and, where possible, small-scale projects; stresses the need and importance of EIP being adapted to the needs of the specific countries;
Amendment 25 #
Draft opinion
Paragraph 4 a (new)
Paragraph 4 a (new)
4a. Strongly believes that a single coherent framework for investment support is needed and the link between internal (EFSI) and external (EIP) action as to be strengthened by the EU and its Member States through identifying appropriate synergies between own commercial interest, development cooperation objectives and related public instruments to engage the private sector;
Amendment 32 #
Draft opinion
Paragraph 5 a (new)
Paragraph 5 a (new)
5a. Highlights the provisions of EFSI regulation foreseeing a regular report of the EIB and the Commission to the European Parliament on the progress of the Investment Plan and on the details of EFSI projects.