Activities of Marco VALLI related to 2015/2233(INI)
Shadow opinions (1)
OPINION on Recommendations to the European Commission on the negotiations for the Trade in Services Agreement (TiSA)
Amendments (15)
Amendment 2 #
Draft opinion
Paragraph 1 – point a
Paragraph 1 – point a
(a) to makexclude financial services one of the EU’s priorities in the TiSA negotiations, as the EU’s ownfrom the TiSA negotiations by invoking the general exception clause, as the market for those services is already comparativelytoo open; to ensure that, in the area of financial services, no new commitments will be taken on that would jeopardise EU financial regulation, and that EU regulators and Member States retain the ability to authorise or deny any new financial product and remain free to pursue the priority of tightening up regulation and supervision of the banking and financial sector;
Amendment 14 #
Draft opinion
Paragraph 1 – point b
Paragraph 1 – point b
(b) to ensure that TiSA results in limiting market access reservations to duly justified exceptions and in a commitment by all parties to a standstill on national treatment, andreject any form of negative list or hybrid approach and ensure that under TiSA, market access and national treatment obligations entered into will be based on the positive list approach and that all parties will retain the right to impose new restrictions, limits, or conditions on services, thereby to defending the position that market opennessTiSA will not prevent the introduction of new measures for prudential reasons or the modification of existing domestic disciplines;
Amendment 21 #
Draft opinion
Paragraph 1 – point b a (new)
Paragraph 1 – point b a (new)
(ba) to call for the inclusion of a safeguard clause based on a broad, clear, and unambiguous definition of prudential measures, including restrictive measures to thwart financial speculation and prevent toxic and high-risk products from gaining access and circulating; to ensure in that way that Member States will be fully entitled to adopt restrictive measures departing from TiSA provisions where such action is warranted by the need to protect the general interest and pursue economic and social objectives, including protection of consumers and end-users of banking and financial services, financial stability, fair competition, the effectiveness of fiscal supervision, and minimisation of social costs;
Amendment 24 #
Draft opinion
Paragraph 1 – point b b (new)
Paragraph 1 – point b b (new)
(bb) to refrain from including standstill and ratchet clauses, thereby ensuring that Member States will have a sovereign right to adopt new regulatory measures and impose stricter requirements or limits on banking and financial products and services;
Amendment 26 #
Draft opinion
Paragraph 1 – point b c (new)
Paragraph 1 – point b c (new)
(bc) to ensure the utmost transparency in the negotiations and eliminate any secrecy requirement applying to negotiating documents;
Amendment 27 #
Draft opinion
Paragraph 1 – point c
Paragraph 1 – point c
Amendment 35 #
Draft opinion
Paragraph 1 – point c a (new)
Paragraph 1 – point c a (new)
(ca) to refrain from including the principle of most favoured nation treatment in the TiSA negotiations;
Amendment 36 #
Draft opinion
Paragraph 1 – point d
Paragraph 1 – point d
(d) to ensure that the TiSA in no way hinders the negotiating agenda of the WTO, but, rather, fosters a valuable discussion on establishing ‘gold standards’ for tackling trade obstaclagenda for structural reform of the international financial and economic system, but, rather, fosters a valuable discussion on practical steps to avert financial instability and new crises and on developing regulatory best practices for financial services and combating tax havens, tax avoidance, tax fraud, and tax evasion, organised crime, and corruption, and also prepares the ground for its possible adoption at multilateral level;
Amendment 44 #
Draft opinion
Paragraph 1 – point e
Paragraph 1 – point e
(e) to urge the negotiating parties to establish a binding high-level framework for the domesticminimum global regulation of financial services based on the WTO’s GATS Annex on Financial Services, as well as deeper commitG20 reform agenda and the recommendations issued by regulatory bodies such as the Financial Stability Board (FSB) and the International Organisation of Securities Commissions (IOSCO), as well as to ensure that national parliaments, based on othe sui generis Understanding on Commitments in Financial Serviceides of industry and civil society representatives are actively involved in the negotiations;
Amendment 50 #
Draft opinion
Paragraph 1 – point f
Paragraph 1 – point f
(f) to lay down, in the regulatory chapter on financial services and inter alia, strong transversal rules on regulatory transparency and solutions for ensuring respect of national treatment for cross- border suppliers too.;
Amendment 58 #
Draft opinion
Paragraph 1 – point f a (new)
Paragraph 1 – point f a (new)
(fa) to guarantee the right of the EU and its Member States to prevent service providers from transferring, including in electronic form, personal data of their citizens within and outside their territory, in order to uphold the fundamental rights to protection of personal data and to privacy;
Amendment 61 #
Draft opinion
Paragraph 1 – point f b (new)
Paragraph 1 – point f b (new)
(fb) to reject any procedures or mechanisms allowing service suppliers to challenge and secure a review of administrative decisions or prudential measures, including those of a non- discriminatory nature, which have a direct or indirect impact on trade in a service or result in harm being caused to the industry’s interests; to rule out any possibility of companies being able to make use of arbitration procedures for the settlement of disputes between private entities and states under the TiSA;
Amendment 67 #
Draft opinion
Paragraph 1 – point f c (new)
Paragraph 1 – point f c (new)
(fc) to call for an ex ante assessment to be carried out by independent experts from academia and civil society of the likely economic and social effects of the TiSA provisions currently under negotiation and the likely impact of further liberalisation of financial services on the real economy and financial stability, as well as in terms of unemployment and increasing inequality; to ensure that the European Parliament and national parliaments are given immediate access to the interim and final findings of any impact assessments; to conduct public consultations ensuring that national parliaments, both sides of industry and civil society representatives are fully and properly involved;
Amendment 70 #
Draft opinion
Paragraph 1 – point f d (new)
Paragraph 1 – point f d (new)
(fd) to support the inclusion of a revision clause allowing states to take democratic decisions to revoke liberalisation decisions made by previous governments;
Amendment 73 #
Draft opinion
Paragraph 1 – point f e (new)
Paragraph 1 – point f e (new)
(fe) to suspend the TiSA negotiations for as long as risks remain for the stability of the EU’s economic, social and financial system, thereby extending the scope of the precautionary principle to cover sensitive sectors in which market liberalisation can pose a threat to society and to economic and financial stability;