4 Amendments of Pascal CANFIN related to 2010/2203(INI)
Amendment 3 #
Draft opinion
Paragraph 2
Paragraph 2
2. Acknowledges that bilateral investment treaties (BITs) now fall under the exclusive competence of the EU;while foreign direct investment now falls under the exclusive competence of the EU; the Treaty does not foresee consent procedure for neither mandates nor concluded investment agreements. Considers nonetheless that parliament must be adequately involved in the shaping of the future investment policy. This requires proper consultation on mandates for upcoming negotiations, regular meaningful briefings on the state of ongoing negotiations and the positive consideration of granting Parliament with the right to approve negotiated EU investment agreements.
Amendment 14 #
Draft opinion
Paragraph 8
Paragraph 8
8. Notes that the traditional drafting of BITs tends to use vague wording that allows for various interpretations and calls on the Commission to issue non-mandatory guidance, e.g. in the form a template for BITs, that may be used by Member States in order to enhance certainty and consistency. Considers that a swift transition to the EU-only regime would prevent such uncertainty and inconsistency.
Amendment 16 #
Draft opinion
Paragraph 8 a (new)
Paragraph 8 a (new)
8a. Notes that future EU investment treaties must be fully consistent with overall EU policy goals such as the protection of human rights as well as social and environmental standards. Investment law as designed in treaties must not superseed social or environmental legislation. In this respect, lessens must be learned from the NAFTA experience, where in all three NAFTA member states environmental legislation came under undue pressure in the dispute settlement process.
Amendment 18 #
Draft opinion
Paragraph 8 c (new)
Paragraph 8 c (new)
8c. Considers that dispute settlement should take the form of state-to-state mechanisms