7 Amendments of Elisabeth KÖSTINGER related to 2011/2056(INI)
Amendment 3 #
Draft opinion
Paragraph 1 a (new)
Paragraph 1 a (new)
1a. Notes that not all raw materials markets behave in the same way and, in particular, raw materials markets in the agricultural sector are subject to strong seasonal and climatic factors and therefore require particular attention;
Amendment 11 #
Draft opinion
Paragraph 2
Paragraph 2
2. Stresses the importance of trade in raw materials for economic growth and calls for an integrated raw materials diplomacy to be developed by the EU, based on its industrial and agricultural policy agenda and in line with its development and environment policy;
Amendment 31 #
Draft opinion
Paragraph 4
Paragraph 4
4. Calls on the Commission to draw upconsider rules on the social responsibility of European undertakings involved in the mining of raw materials in source countries;
Amendment 39 #
Draft opinion
Paragraph 6
Paragraph 6
6. With regard to financial instruments, supports the recent Commission proposals on regulating OTC derivatives and on public consultation on the MiFID Directive; believes that speculative behaviour on derivatives markets for commodities should be limitedput under better control; supports in this context the measures such as a registered trade repository and compulsory central counterparties (CCP) requiring additional information that contributes to market transparency and the proposal for position limits, both aimed at limitcontrolling massive speculative behaviour better; stresses that CCPs should be placed under supervision by ESMA;
Amendment 41 #
Draft opinion
Paragraph 5
Paragraph 5
5. Calls on the Commission to further develop raw materials traceability systems and to introduce a bindingexamine the introduction of a certification scheme for raw materials and trading chains (Certified Trading Chains), so that trade can be guaranteed to be fair;
Amendment 57 #
Draft opinion
Paragraph 6 a (new)
Paragraph 6 a (new)
6a. Is concerned about the impact of derivatives markets on price trends for raw materials; considers that there should be more effective controls on speculative action on OTC derivatives markets; against this background, supports measures such as the introduction of a transparency register and the obligation to clear OTC derivatives through central counterparties (CCPs) under the supervision of the ESMA; considers that such measures could lead to greater security for investors and SMEs and enable European producers to plan with greater certainty;
Amendment 78 #
Draft opinion
Paragraph 8 a (new)
Paragraph 8 a (new)
8a. Welcomes the EU’s efforts to promote sustainable trade in raw materials with third countries (e.g. FLEGT);