11 Amendments of Bill NEWTON DUNN related to 2010/2301(INI)
Amendment 2 #
Draft opinion
Paragraph A a (new)
Paragraph A a (new)
Aa. Whereas an indicative €224 million in EU development assistance was allocated to China for the period 2007-2013; whereas in March 2011 the European Commission announced the second 5-year EU-China Trade Project allocating €20 million in EU trade related assistance to China;
Amendment 11 #
Draft opinion
Paragraph C a (new)
Paragraph C a (new)
Ca. Whereas China, not being a member of the OECD, is not obliged to comply with OECD rules that: limit tied aid; regulate credit practices, impose maximum repayment terms, country risk classification and minimum interest rates; require the exchange of information; and impose social, environmental and governance standards on financing activities;
Amendment 14 #
Draft opinion
Paragraph C b (new)
Paragraph C b (new)
Cb. Whereas Chinese export finance activities have allowed China to increase its presence in many developing countries, particularly in Africa;
Amendment 16 #
Draft opinion
Paragraph C c (new)
Paragraph C c (new)
Cc. Whereas there are considerable potential benefits for developing countries from deeper economic relations with China, notably in terms of infrastructure development;
Amendment 17 #
Draft opinion
Paragraph C d (new)
Paragraph C d (new)
Cd. Whereas, however, China’s export credit finance activities in developing countries pose potential threats to developing countries in terms of natural resource management, debt sustainability, governance improvements, and local employment and productivity;
Amendment 18 #
Draft opinion
Paragraph C e (new)
Paragraph C e (new)
Ce. Whereas Chinese participation in an international trade system founded on openness and transparency is vital, in order to ensure international prosperity and sustainability;
Amendment 32 #
Draft opinion
Paragraph 2
Paragraph 2
2. Is concerned at the rising total EU trade deficit with China; is convinced, however,vinced that the strong growth in trade between all the EU Member States and China represents a crucial development instrument for both the EU and China, as open trade is one of the most effective drivers of economic growth and wealth creation;
Amendment 52 #
Draft opinion
Paragraph 5
Paragraph 5
5. Calls on the Commission, therefore, to treatwork with China as a partner, with respect for its cultural traditions and values; considers that such an approach will help to overcome current tensions, intensify further exchang in international development, in order to exchange best practice and utilise the comparative advantages and differentiated strengths of all itnernational development partners, and thereby provide the best and increase mutual investmentwidest range of support to developing countries;
Amendment 60 #
Draft opinion
Paragraph 6 a (new)
Paragraph 6 a (new)
6a. Urges the European Commission and member states to use all available diplomatic channels and other tools to encourage China to commit to international standards of transparency regarding its export credit financing activities in developing countries and other trade related measures both within China and externally; urges the European Commission and member states to continue to work to engage China in international norms and standard-setting organisations related to the international trading system;
Amendment 62 #
Draft opinion
Paragraph 6 b (new)
Paragraph 6 b (new)
6b. Considers it necessary that EU development policy and actors work to build the capacity of developing countries to negotiate robust deals with China - particularly where these deals concern natural resources -, to manage debt, and to face potential threats to local productivity and job markets posed by influxes of Chinese workers and products;
Amendment 64 #
Draft opinion
Paragraph 6 c (new)
Paragraph 6 c (new)
6c. Considers that seeing Chinese engagement in developing countries as unfair competition and pursuing a conflictual response will be unproductive, above all for developing countries themselves; emphasises that in the best interests of developing countries as well as broader global competition and growth, EU enterprises and actors seeking to compete with China in trade and economic relations with developing countries must work to present offers that are the most attractive in terms of long- term sustainability and benefit, including environmental, social , human rights and governance aspects;