22 Amendments of Emmanuel MAUREL related to 2016/2064(INI)
Amendment 3 #
Draft opinion
Paragraph 1
Paragraph 1
1. Believes that the European Fund for Strategic Investments (EFSI), which is used to finance risky and innovative projects, can be used as a tool to boost EU growth and promote the development of strong, sustainable and competitive industry, provided that effective trade defence instruments are also deployed at the same time;
Amendment 11 #
Draft opinion
Paragraph 2 a (new)
Paragraph 2 a (new)
2a. Calls on the Commission to inform it whether other foreign investors have expressed an interest in contributing to the EFSI and, if they have, to provide it with figures and specific examples of projects;
Amendment 15 #
Draft opinion
Paragraph 3
Paragraph 3
3. Points out that SMEs are Europe’s economic powerhouse, but that only 13% of SMEsthem operate outside the EU; takes the view that the EFSI and that most operate at national level only; takes the view that the EFSI, complementing the COSME programme and in support of existing national programmes, should give priority to the internationalisation of SMEs and strengthen the role of the European Investment Advisory Hub (EIAH) by giving it an export aid mission;
Amendment 15 #
Motion for a resolution
Paragraph 1
Paragraph 1
1. Takes note of the large investment gap in Europe, which the Commission estimates at a minimum of EUR 200-300 billion a year; , highlights in particular, against this backdrop, the market needs in Europe for high-risk financing, for instance in the fields of R&D, energy and ICT; is concerned by the fact that the most recent data on national accounts do not indicate any surge in investment since the European Fund for Strategic Investments (EFSI) was launched, leading to risks of continued subdued growth and continuing high unemployment rates; stresses that closing this investment gap is key to reviving growth, fighting unemployment, promoting the development of a strong, sustainable and competitive industry and attaining long-term EU policy objectives;
Amendment 18 #
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 give the EFSI an external element in order 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 additionally principle in respect to projects that are already being financed andunder other instruments, such as the European Neighbourhood and Partnership Instrument (ENPI), Aid for Trade, EIB and EBRD programmes or other official development assistance schemes (Development Cooperation Instrument and European Development Fund); is of the opinion that they should be targeted towards risky, cutting-edge and, where possible, small-scale projects;
Amendment 26 #
Draft opinion
Paragraph 4 a (new)
Paragraph 4 a (new)
4a. Points out that the main objective of the future external investment plan should be to produce tangible outcomes for local populations, in particular by helping to create good jobs at local level;
Amendment 27 #
Draft opinion
Paragraph 4 b (new)
Paragraph 4 b (new)
4b. Insists, in connection with the external investment plan, that no project investor or promoter can be dependent on a person or company operating in a country included on the prospective European list of non-cooperative tax jurisdictions;
Amendment 29 #
Draft opinion
Paragraph 5
Paragraph 5
5. Takes the view that tools of that kind should be compatible with the principles and objectives of EU external action as set out under Article 21 TEU and Article 208 TFEU, and that compliance with those principles should be one of the most important criteria in the assessment of the efficiency of the EFSI in reports on its implementation; stresses that the future exterior EFSI should tackle the underlying causes of migration and help achieve the UN sustainable development goals (SDG).
Amendment 31 #
Draft opinion
Paragraph 5 a (new)
Paragraph 5 a (new)
5a. Points out that investment mobilised under the EIP must help realise the objectives of the Paris climate agreement, e.g. by funding renewable- energy infrastructure and technology projects;
Amendment 33 #
Draft opinion
Paragraph 5 b (new)
Paragraph 5 b (new)
5b. Suggests that the EIP help fund microcredit activities for the most vulnerable groups;
Amendment 34 #
Draft opinion
Paragraph 5 c (new)
Paragraph 5 c (new)
5c. Highlights the major potential role of European External Action Service delegations in establishing contacts between investors and countries that are project beneficiary countries; calls for Parliament to be closely involved in monitoring implementation of the external investment plan on the basis of regular Commission progress reports;
Amendment 76 #
Motion for a resolution
Paragraph 6
Paragraph 6
6. Notes that, while all projects approved under EFSI are presented as ‘special activities’, an independent evaluation has found that some projects could have been financed otherwise; asks EIB ‘special activities’ to be specified and detailed per type of project, providing an average risk rating;
Amendment 221 #
Motion for a resolution
Paragraph 18 a (new)
Paragraph 18 a (new)
18a. Recalls that China is planning to contribute to the EFSI and that the Commission pointed out that China will not be given any quid pro quo in particular as concerns governance; underlines that any contribution by China must not be linked to the question of market economy status;
Amendment 250 #
Motion for a resolution
Paragraph 23 a (new)
Paragraph 23 a (new)
23a. Proposes to associate to NPBs and EFIS agreements venture capital regional funds and seed capital regional funds where NPBs are involved;
Amendment 264 #
Motion for a resolution
Paragraph 26
Paragraph 26
26. Proposes a discussion of additional means of promoting IPs, such as by prioritising the approval of projects presented via a platform, the pooling of smaller projects and group contracts and establishing mechanisms to finance groupings of contracts; believes that transnational and regional platforms should be promoted in particular, as many energy and digital projects have a transnational dimension;
Amendment 308 #
Motion for a resolution
Paragraph 33 a (new)
Paragraph 33 a (new)
33a. Takes the view that the EFSI should give priority to the internationalisation of SMEs and believes that the role of the EIAH could be strengthened by providing export aid to SMEs;
Amendment 355 #
Motion for a resolution
Paragraph 46
Paragraph 46
46. Is deeply concerned that the EIB has been pushing via EFSI to support projects that have been structured using firms in tax havens; urges the EIB and the EIF to refrain from making use of or engaging in tax avoidance structures, in particular aggressive tax planning schemes, or practices which do not comply with EU good governance principles on taxation, as set out in the relevant Union legislation, including Commission recommendations and communications; insists, in connection with the external investment plan, that no project or promoter can be dependent on a person or company operating in a country included in the prospective European list of non- cooperative tax jurisdictions;
Amendment 367 #
Motion for a resolution
Subheading 15 a (new)
Subheading 15 a (new)
External Investment Plan
Amendment 368 #
Motion for a resolution
Paragraph 48 a (new)
Paragraph 48 a (new)
48a. Welcomes the Commission initiative on launching the European External Investment Plan (EEIP) in order to mobilize between EUR 44 and EUR 88 billion in investments in Africa and the EU neighbourhood while acknowledging the role of private investment in development strategies; stresses that these instruments should be regularly evaluated and should not take the place of existing investments, must comply with the principle of policy coherence for development as well with the additionality principle in respect of the other instruments and should be targeted towards risky, structuring and, where possible, small-scale projects and oriented towards the true needs of specific countries in order to provide tangible improvements to the living conditions of the local population via the creation of decent jobs; and thereby alleviating the migration crisis;
Amendment 371 #
Motion for a resolution
Paragraph 48 b (new)
Paragraph 48 b (new)
48b. Takes the view that tools of that kind have to be compatible with the principles and objectives of the EU external action as set out in Article 21 of the Treaty on European Union, and that compliance with these principles has to be included together with achieved results as among the most important criteria in the assessment of the efficiency of the EEIP in reports on its implementation; stresses that the future EEIP should encourage private investment in Africa and EU- Neighbourhood countries in order to contribute to tackling the root causes of migration, the implementation of the UN Sustainable Development Goals and the Paris Climate Agreement;
Amendment 372 #
Motion for a resolution
Paragraph 48 c (new)
Paragraph 48 c (new)
48c. Suggests that the EEIP helps fund microcredit activities for the most vulnerable groups;
Amendment 373 #
48d. Highlights the major potential role of European External Action Service Delegations in establishing contacts between investors and countries that are project beneficiary countries; calls for the European Parliament to be closely involved in monitoring the implementation of the external investment plan on the basis of regular Commission progress reports;