2013/2675(RSP) | [ParlTrack]

2013/2675(RSP) Resolution on EU-Taiwan trade relations

Progress: Procedure completed

Role	Committee	Rapporteur	Shadows
Lead	INTA

Lead committee dossier:

INTA/7/12966

Legal Basis:

RoP 136-p5

Subjects

6.20.03 Bilateral economic and trade agreements and relations

Events

2013/10/09

EP - Results of vote in Parliament

Documents

Results of vote in Parliament

2013/10/09

EP - Decision by Parliament

Details

The European Parliament adopted a resolution tabled by the Committee on International Trade on EU-Taiwan trade relations.

Members recalled that the total amount of bilateral trade between EU and Taiwan had increased more than twelvefold in the past two decades, exceeding EUR 40 billion in 2011.

They also recalled that in 2010 the EU accounted for 31.5 % of all foreign direct investment (FDI) flows and 21 % of FDI stocks in Taiwan, and was the largest foreign investor in the country.

In this context, and considering that the overall trade relationship between the EU and Taiwan is currently performing well below its potential, Parliament felt that the EU should respond positively to Taiwan's willingness to launch parallel negotiations for bilateral agreements on investment protection and market access in order to strengthen further the legal certainty of investments, and increase the volume and quality of investment flows.

It believed that the decision to start such negotiations with Taiwan should be based on economic reasons, and should not be interlinked with an assessment of relations between the EU and China.

Investment protection : Parliament underlined the fact that it is in favour of agreements on investment protection and market access with Taiwan, which would lead to deepening the existing economic relations between the EU and Taiwan. It also noted that any agreement should duly take into account SMEs and improve their ability to invest abroad.

Members stressed that investment agreements concluded by the EU must respect the capacity for public intervention, in particular when pursuing public policy objectives such as social and environmental standards, human rights, security, workers' and consumers' rights, public health and safety and cultural diversity. They called for specific clauses on these objectives to be included in the agreement.

Social and environmental standards : lastly, Members reiterated their call for an effective corporate social responsibility clause and effective social and environmental clauses in the agreement and stress that the latter must oblige foreign investors in the EU to abide by European social standards and social dialogue requirements.

Documents

T7-0412/2013

2013/10/09

EP - End of procedure in Parliament

2013/10/08

EP - Debate in Parliament

Documents

Debate in Parliament

2013/10/01

EP - Motion for a resolution

Documents

B7-0435/2013

2013/09/19

EP - Oral question/interpellation by Parliament

Documents

B7-0509/2013

2013/08/22

EP - Amendments tabled in committee

Documents

PE516.720

Documents

Results of vote in Parliament: Results of vote in Parliament
Decision by Parliament: T7-0412/2013
Debate in Parliament: Debate in Parliament
Motion for a resolution: B7-0435/2013
Oral question/interpellation by Parliament: B7-0509/2013
Amendments tabled in committee: PE516.720
Amendments tabled in committee: PE516.720
Oral question/interpellation by Parliament: B7-0509/2013
Motion for a resolution: B7-0435/2013

Amendments	Dossier
40	2013/2675(RSP) 2013/08/22 INTA 40 amendments... Amendment 1 # Maria BADIA i CUTCHET Motion for a resolution Citation 1 a (new) - having regard to Article 3.5 of the Treaty on European Union and Article 7 of the Treaty on the Functioning of the European Union respectively establishing that "in its relations with the wider world, the Union shall contribute to the strict observance and the development of international law" and that "the Union shall ensure consistency between its policies and activities". Amendment 10 # Ska KELLER Motion for a resolution Recital G G. Whereas open and fair trade is ~~a powerful~~one tool to create more growth and well-being, building on ~~the comparative advantages of each~~potential mutual benefits between respective economyies and potential synergies flowing from a greater economic integration and new inputs to knowledge-driven economies; Amendment 11 # Ska KELLER Motion for a resolution Recital G a (new) G a. Whereas duties are already at very low levels between the two trade partners; whereas EU and Taiwan have a regular structured dialogue addressing trade and investment matters of common interest and concern; whereas, within its framework, four technical working groups have been set up to deal with IPR, TBT, SPS related issues and the pharmaceutical sector; Amendment 12 # Ska KELLER Motion for a resolution Recital H H. Whereas, despite relatively low tariffs, bilateral trade volumes between the EU and Taiwan lag behind the bulk of EU's trade exchanges with its other main trading partners; whereas however EU-Taiwan trade increased by 31.4% year-on-year in 2010; Amendment 13 # Ska KELLER Motion for a resolution Recital I I. Whereas, the ICT industry is a high- added value sector and a source of growth in both the EU and in Taiwan, especially with respect to further development of smart products and services; whereas however the EU has had considerable trade deficits in this sector with Taiwan over the years; Amendment 14 # Ska KELLER Motion for a resolution Recital I a (new) I a. whereas the EU and Taiwan can further deepen their economic relations in a way that really is mutually beneficial also with a view to common societal challenges; Amendment 15 # Ska KELLER Motion for a resolution Recital I b (new) I b. Whereas however the EU has not yet built up a strategic vision on its industrial policy driving its defensive and offensive interests in trade and investment relations; Amendment 16 # Maria BADIA i CUTCHET Motion for a resolution Recital J J. Whereas Taiwan - in the name of "Chinese Taipei" - is a full member of the WTO since 2002, as well as full member of APEC and - in the name of "Taipei, China" - of the Asian Development Bank; Amendment 17 # Ska KELLER Motion for a resolution Recital K K. Whereas Taiwan's accession to the WTO Government Procurement Agreement in July 2009 was a substantial ~~and positive~~ step, by which Taiwan ~~will not only benefit from reciprocal opening to GPA markets but will also improve efficiencies on its home market~~has further strengthened its WTO membership; Amendment 18 # Maria BADIA i CUTCHET Motion for a resolution Recital L L. Whereas Taiwan ~~has concluded 18 agreements with the People's Republic of China,~~and the People's Republic of China (PRC) have adopted a constructive approach contributing to the conclusion of 18 agreements signed between the Straits Exchange Foundation - for Taiwan - and the Association for Relations Across the Taiwan Straits - for PRC; whereas these agreements includ~~ing~~e the Cross-Straits Economic Cooperation Framework Agreement (ECFA) and Intellectual Property Rights (IPR) Agreement signed on 29 June 2010 as well as Investment Agreement and Customs Cooperation Agreement signed on 9 August 2012; Amendment 19 # Maria BADIA i CUTCHET Motion for a resolution Recital M M. Whereas other constructive alternatives have led Taiwan ~~has~~to concluded 31 Bilateral investment Agreement (BIAs) with third countries, ~~especially~~-including with Japan on 22 September 2011-, ~~has~~and an Economic Cooperation Agreement with New Zeland on 10 July 2013, to resumed its talks on Trade and Investment Framework Agreement (TIFA) with the United States on 10 March 2013, and isto be currently negotiating an investment agreement with the Republic of Korea as well as a free trade agreements with Singapore (ASTEP) and New Zealand (ECA); Amendment 2 # Ska KELLER Motion for a resolution Citation 11 a (new) - having regard to its resolution of 7 July 2005 on relations between the EU, China and Taiwan and security in the Far East12, __________________ 12 OJ C 157 E, 6.7.2006, p. 471 Amendment 20 # Maria BADIA i CUTCHET Motion for a resolution Recital N N. Whereas the Taipei Economic and Cultural Representative Office in the United States and the American Institute in Taiwan have agreed on a Joint Statements on Principles for International Investment and on ICT services; whereas, similarly, Taiwan maintains comprehensive income tax agreements with 25 countries, including 9 EU Member States; Amendment 21 # Ska KELLER Motion for a resolution Recital O O. Whereas ~~closer economic ties with Taiwan do not contradict in any way EU's ‘~~the EU has so far followed a 'one China’' policy ~~given that China and Taiwan respectively joined the Asia- Pacific Economic Cooperation (APEC) in 1991, and acceded to the World Trade Organization (WTO) in 2002~~; whereas closer economic ties with Taiwan should not contradict that policy; Amendment 22 # Maria BADIA i CUTCHET Motion for a resolution Recital O O. Whereas closer economic ties with Taiwan shouldo not contradict in any way EU's ‘one China’ policy given that China and Taiwan - in the name of "Chinese Taipei" - respectively joined the Asia- Pacific Economic Cooperation (APEC) in 1991, and acceded to the World Trade Organization (WTO) in 2002; Amendment 23 # Maria BADIA i CUTCHET Motion for a resolution Recital P ~~P. Whereas Taiwan has concluded and signed comprehensive income tax agreements with 25 countries, including 9 EU Member States;~~deleted Amendment 24 # Robert STURDY Motion for a resolution Paragraph 1 – point 1 (new) (1) Recalls the Commission's decision of 23 May 2013 to ask the Member States for their agreement on its negotiating directives for an investment agreement with the People's Republic of China and recommends in line with the Union's respect for the 'One China Policy' (one country, two political systems) that the Commission requests in due time Member States' approval for the negotiation of a similar agreement with Taiwan. Amendment 25 # Ska KELLER Motion for a resolution Paragraph 1 a (new) 1 a. Considers that, while the EU is working on upgrading its economic relations with China, it should consider the possibility of doing the same with Taiwan in order to consistently keep the track of giving support to Taiwan's democratic system, social pluralism and good record in respecting human rights and the rule of law; Amendment 26 # Robert STURDY Motion for a resolution Paragraph 2 Considers ~~however~~, therefore, that the EU should also positively respond to Taiwan's willingness to explore the possibility of launching parallel negotiations for bilateral agreements on investment protection and market access in order to further strenghten the legal certainty of each party's investments in the host country and the volume and quality of investment flows; Amendment 27 # Ska KELLER Motion for a resolution Paragraph 2 Considers ~~however~~therefore, that the EU should ~~positively respond to~~take account of Taiwan's willingness to explore the possibility of launching negotiations for bilateral agreements on investment protection and market access; Amendment 28 # Paweł ZALEWSKI Motion for a resolution Paragraph 2 Considers however, that the EU should positively respond to Taiwan's willingness to ~~explore the possibility of~~ launch~~ing~~ negotiations for bilateral agreements on investment protection and market access; Amendment 29 # Paweł ZALEWSKI Motion for a resolution Paragraph 2 a (new) 2 a. Believes that the decision to start such negotiations with Taiwan should be based on economic reasons, and should not be interlinked with the evaluation of the relations between EU and China; Amendment 3 # Ska KELLER Motion for a resolution Recital A A. Whereas the rule-based multilateral trading system, established through the World Trade Organisation (WTO), is the most suitable framework for to achieve open and fair trade worldwide~~, it is essential however to understand that bilateral agreements are also parts of a same common toolbox of international affairs~~; Amendment 30 # Ska KELLER Motion for a resolution Paragraph 4 a (new) 4 a. Recalls however that the EU has not yet elaborated a strategic vision on its industrial policy driving its defensive and offensive interests within the framework of the new EU competence in FDIs; recalls, moreover, that Commission's resources are already overstretched and that these should be allocated where real priorities for the EU economy are; Amendment 31 # Andrea COZZOLINO Motion for a resolution Paragraph 4 a (new) 4 a. Notes that any agreement should duly take into account SMEs and improve their ability to invest abroad; Amendment 32 # Ska KELLER Motion for a resolution Paragraph 4 b (new) 4 b. Recalls also that EU and Taiwan already have a well integrated economic relation, low customs duties on both sides and a well structured dialogue, which meets regularly in order to solve bilateral trade and investment issues; Amendment 33 # Andrea COZZOLINO Motion for a resolution Paragraph 4 b (new) 4 b. Stresses that the agreement should include a strong commitment of the parties to sustainable and inclusive development in economic, social and environmental dimensions in relation to investment; Amendment 34 # Andrea COZZOLINO Motion for a resolution Paragraph 4 c (new) 4 c. Stresses that investment agreements concluded by the EU must respect the capacity for public intervention, in particular when pursuing public policy objectives such as social, environmental, human rights, security, workers' and consumers' rights, public health and safety and cultural diversity; calls to include respective specific clauses into this agreement; Amendment 35 # Andrea COZZOLINO Motion for a resolution Paragraph 4 d (new) 4 d. Recommends that with regard to market access, both parties may exclude certain sectors from the liberalisation commitments in order to shield national strategic interests Amendment 36 # Andrea COZZOLINO Motion for a resolution Paragraph 4 e (new) 4 e. Reiterates its call for a binding corporate social responsibility clause and effective social and environmental clauses; Amendment 37 # Andrea COZZOLINO Motion for a resolution Paragraph 4 f (new) 4 f. Stresses that the agreement obliges foreign investors in the EU to obey to European social standards and social dialogue; Amendment 38 # Andrea COZZOLINO Motion for a resolution Paragraph 4 g (new) 4 g. Stresses that investors shall be subject to national legislation and civil actions for liability in the judicial process of either their home or host state, in particular for the acts or decisions made in relation to the investment where such acts or decisions lead to significant environmental damage, personal injuries or loss of life in the host state; Amendment 39 # Andrea COZZOLINO Motion for a resolution Paragraph 4 h (new) 4 h. Insists to include in the agreement a clause which prohibits the watering-down of social and environmental legislation in order to attract investment, and that neither party shall fail to effectively enforce those laws through a sustained or recurring course of action or inaction, as an encouragement for the establishment, acquisition, expansion, or retention of an investment in its territory; Amendment 4 # Ska KELLER Motion for a resolution Recital B B. Whereas the EU remains fully committed to achieving a balanced outcome of the Doha Development Agenda (DDA) as its preferred approach, considers progressing in parallel with bilateral trade agreements with other industrialised countries ~~is also a valid option~~to the extent that these agreements are building blocks to a successful outcome of the DDA; Amendment 40 # Ska KELLER Motion for a resolution Paragraph 5 Calls on Commission to ~~start talks~~consider the possibility for such agreements between EU and Taiwan with a view to strengthening bilateral relations; Amendment 5 # Maria BADIA i CUTCHET Motion for a resolution Recital B B. Whereas the EU remains fully committed to achieving a balanced and fair outcome of the Doha Development Agenda (DDA) as its preferred approach, considers progressing in parallel with bilateral trade agreements with other industrialised countries is also a valid option; Amendment 6 # Robert STURDY Motion for a resolution Recital D D. Whereas, Taiwan is EU's 7th largest trading partner in Asia, and EU's ~~19th~~23rd largest trading partner in the world; Amendment 7 # Ska KELLER Motion for a resolution Recital E E. Whereas EU holds 31.5% of all FDI in Taiwan in 2010, being the largest foreign investor in Taiwan; whereas, therefore, investment is the area where there is the smallest untapped potential in economic terms between the EU and Taiwan as compared, for instance, to the goods area; Amendment 8 # Robert STURDY Motion for a resolution Recital E E. Whereas EU holds 31.5% of all FDI flows and 21% in FDI stocks in Taiwan in 2010, being the largest foreign investor in Taiwan; Amendment 9 # Ska KELLER Motion for a resolution Recital F F. Whereas, currently the overall trade relationship between EU and Taiwan performs well below the potential; whereas, however, the EU has had overall trade deficits with Taiwan, which are of a structural nature given the trade pattern between the EU and Taiwan; source: PE-516.720

Amendments

Dossier

2013/2675(RSP)

2013/08/22 INTA 40 amendments...

Amendment 1 #

Maria BADIA i CUTCHET

Motion for a resolution
Citation 1 a (new)

- having regard to Article 3.5 of the Treaty on European Union and Article 7 of the Treaty on the Functioning of the European Union respectively establishing that "in its relations with the wider world, the Union shall contribute to the strict observance and the development of international law" and that "the Union shall ensure consistency between its policies and activities".

Amendment 10 #

docs/0/docs/0/url	Old http://www.europarl.europa.eu/sides/getDoc.do?type=COMPARL&mode=XML&language=EN&reference=PE516.720 New https://www.europarl.europa.eu/doceo/document/INTA-AM-516720_EN.html
docs/2/docs/0/url	Old http://www.europarl.europa.eu/doceo/document/B-7-2013-0435_EN.html New https://www.europarl.europa.eu/doceo/document/B-7-2013-0435_EN.html
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events/2	date 2013-10-09T00:00:00 type Decision by Parliament body EP docs url: https://www.europarl.europa.eu/doceo/document/TA-7-2013-0412_EN.html title: T7-0412/2013 summary The European Parliament adopted a resolution tabled by the Committee on International Trade on EU-Taiwan trade relations. Members recalled that the total amount of bilateral trade between EU and Taiwan had increased more than twelvefold in the past two decades, exceeding EUR 40 billion in 2011. They also recalled that in 2010 the EU accounted for 31.5 % of all foreign direct investment (FDI) flows and 21 % of FDI stocks in Taiwan, and was the largest foreign investor in the country. In this context, and considering that the overall trade relationship between the EU and Taiwan is currently performing well below its potential, Parliament felt that the EU should respond positively to Taiwan's willingness to launch parallel negotiations for bilateral agreements on investment protection and market access in order to strengthen further the legal certainty of investments, and increase the volume and quality of investment flows. It believed that the decision to start such negotiations with Taiwan should be based on economic reasons, and should not be interlinked with an assessment of relations between the EU and China. Investment protection : Parliament underlined the fact that it is in favour of agreements on investment protection and market access with Taiwan, which would lead to deepening the existing economic relations between the EU and Taiwan. It also noted that any agreement should duly take into account SMEs and improve their ability to invest abroad. Members stressed that investment agreements concluded by the EU must respect the capacity for public intervention, in particular when pursuing public policy objectives such as social and environmental standards, human rights, security, workers' and consumers' rights, public health and safety and cultural diversity. They called for specific clauses on these objectives to be included in the agreement. Social and environmental standards : lastly, Members reiterated their call for an effective corporate social responsibility clause and effective social and environmental clauses in the agreement and stress that the latter must oblige foreign investors in the EU to abide by European social standards and social dialogue requirements.
events/2	date 2013-10-09T00:00:00 type Decision by Parliament, 1st reading/single reading body EP docs url: http://www.europarl.europa.eu/doceo/document/TA-7-2013-0412_EN.html title: T7-0412/2013 summary The European Parliament adopted a resolution tabled by the Committee on International Trade on EU-Taiwan trade relations. Members recalled that the total amount of bilateral trade between EU and Taiwan had increased more than twelvefold in the past two decades, exceeding EUR 40 billion in 2011. They also recalled that in 2010 the EU accounted for 31.5 % of all foreign direct investment (FDI) flows and 21 % of FDI stocks in Taiwan, and was the largest foreign investor in the country. In this context, and considering that the overall trade relationship between the EU and Taiwan is currently performing well below its potential, Parliament felt that the EU should respond positively to Taiwan's willingness to launch parallel negotiations for bilateral agreements on investment protection and market access in order to strengthen further the legal certainty of investments, and increase the volume and quality of investment flows. It believed that the decision to start such negotiations with Taiwan should be based on economic reasons, and should not be interlinked with an assessment of relations between the EU and China. Investment protection : Parliament underlined the fact that it is in favour of agreements on investment protection and market access with Taiwan, which would lead to deepening the existing economic relations between the EU and Taiwan. It also noted that any agreement should duly take into account SMEs and improve their ability to invest abroad. Members stressed that investment agreements concluded by the EU must respect the capacity for public intervention, in particular when pursuing public policy objectives such as social and environmental standards, human rights, security, workers' and consumers' rights, public health and safety and cultural diversity. They called for specific clauses on these objectives to be included in the agreement. Social and environmental standards : lastly, Members reiterated their call for an effective corporate social responsibility clause and effective social and environmental clauses in the agreement and stress that the latter must oblige foreign investors in the EU to abide by European social standards and social dialogue requirements.

committees/0/date
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activities	date: 2013-10-08T00:00:00 docs: url: http://www.europarl.europa.eu/sides/getDoc.do?secondRef=TOC&language=EN&reference=20131008&type=CRE type: Debate in Parliament title: Debate in Parliament body: EP type: Debate in Parliament date: 2013-10-09T00:00:00 docs: url: http://www.europarl.europa.eu/oeil/popups/sda.do?id=23499&l=en type: Results of vote in Parliament title: Results of vote in Parliament url: http://www.europarl.europa.eu/sides/getDoc.do?type=TA&language=EN&reference=P7-TA-2013-412 type: Decision by Parliament, 1st reading/single reading title: T7-0412/2013 body: EP type: Results of vote in Parliament
commission	body: EC dg: Trade commissioner: DE GUCHT Karel
committees/0	type Responsible Committee body EP committee_full International Trade committee INTA associated False date
committees/0	body EP responsible True committee_full International Trade committee INTA
docs	date: 2013-08-22T00:00:00 docs: url: http://www.europarl.europa.eu/sides/getDoc.do?type=COMPARL&mode=XML&language=EN&reference=PE516.720 title: PE516.720 type: Amendments tabled in committee body: EP date: 2013-09-19T00:00:00 docs: title: B7-0509/2013 type: Oral question/interpellation by Parliament body: EP date: 2013-10-01T00:00:00 docs: url: http://www.europarl.europa.eu/sides/getDoc.do?type=MOTION&reference=B7-2013-435&language=EN title: B7-0435/2013 type: Motion for a resolution body: EP
events	date: 2013-10-08T00:00:00 type: Debate in Parliament body: EP docs: url: http://www.europarl.europa.eu/sides/getDoc.do?secondRef=TOC&language=EN&reference=20131008&type=CRE title: Debate in Parliament date: 2013-10-09T00:00:00 type: Results of vote in Parliament body: EP docs: url: https://oeil.secure.europarl.europa.eu/oeil/popups/sda.do?id=23499&l=en title: Results of vote in Parliament date: 2013-10-09T00:00:00 type: Decision by Parliament, 1st reading/single reading body: EP docs: url: http://www.europarl.europa.eu/sides/getDoc.do?type=TA&language=EN&reference=P7-TA-2013-412 title: T7-0412/2013 summary: The European Parliament adopted a resolution tabled by the Committee on International Trade on EU-Taiwan trade relations. Members recalled that the total amount of bilateral trade between EU and Taiwan had increased more than twelvefold in the past two decades, exceeding EUR 40 billion in 2011. They also recalled that in 2010 the EU accounted for 31.5 % of all foreign direct investment (FDI) flows and 21 % of FDI stocks in Taiwan, and was the largest foreign investor in the country. In this context, and considering that the overall trade relationship between the EU and Taiwan is currently performing well below its potential, Parliament felt that the EU should respond positively to Taiwan's willingness to launch parallel negotiations for bilateral agreements on investment protection and market access in order to strengthen further the legal certainty of investments, and increase the volume and quality of investment flows. It believed that the decision to start such negotiations with Taiwan should be based on economic reasons, and should not be interlinked with an assessment of relations between the EU and China. Investment protection : Parliament underlined the fact that it is in favour of agreements on investment protection and market access with Taiwan, which would lead to deepening the existing economic relations between the EU and Taiwan. It also noted that any agreement should duly take into account SMEs and improve their ability to invest abroad. Members stressed that investment agreements concluded by the EU must respect the capacity for public intervention, in particular when pursuing public policy objectives such as social and environmental standards, human rights, security, workers' and consumers' rights, public health and safety and cultural diversity. They called for specific clauses on these objectives to be included in the agreement. Social and environmental standards : lastly, Members reiterated their call for an effective corporate social responsibility clause and effective social and environmental clauses in the agreement and stress that the latter must oblige foreign investors in the EU to abide by European social standards and social dialogue requirements. date: 2013-10-09T00:00:00 type: End of procedure in Parliament body: EP
links
other	body: EC dg: url: http://ec.europa.eu/trade/ title: Trade commissioner: DE GUCHT Karel
procedure/dossier_of_the_committee	Old INTA/7/12966 New INTA/7/12966
procedure/legal_basis/0	Rules of Procedure EP 136-p5
procedure/legal_basis/0	Rules of Procedure of the European Parliament EP 128-p5
procedure/subject	Old 6.20.03 Bilateral economic and trade agreements and relations New 6.20.03 Bilateral economic and trade agreements and relations
procedure/subtype	Old Debate or resolution on oral questions New Debate or resolution on oral question/interpellation

activities/0	date 2013-08-22T00:00:00 docs url: http://www.europarl.europa.eu/sides/getDoc.do?type=COMPARL&mode=XML&language=EN&reference=PE516.720 type: Amendments tabled in committee title: PE516.720 body EP type Amendments tabled in committee
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activities/1/docs/1	url http://www.europarl.europa.eu/sides/getDoc.do?type=TA&language=EN&reference=P7-TA-2013-412 text The European Parliament adopted a resolution tabled by the Committee on International Trade on EU-Taiwan trade relations. Members recalled that the total amount of bilateral trade between EU and Taiwan had increased more than twelvefold in the past two decades, exceeding EUR 40 billion in 2011. They also recalled that in 2010 the EU accounted for 31.5 % of all foreign direct investment (FDI) flows and 21 % of FDI stocks in Taiwan, and was the largest foreign investor in the country. In this context, and considering that the overall trade relationship between the EU and Taiwan is currently performing well below its potential, Parliament felt that the EU should respond positively to Taiwan's willingness to launch parallel negotiations for bilateral agreements on investment protection and market access in order to strengthen further the legal certainty of investments, and increase the volume and quality of investment flows. It believed that the decision to start such negotiations with Taiwan should be based on economic reasons, and should not be interlinked with an assessment of relations between the EU and China. Investment protection: Parliament underlined the fact that it is in favour of agreements on investment protection and market access with Taiwan, which would lead to deepening the existing economic relations between the EU and Taiwan. It also noted that any agreement should duly take into account SMEs and improve their ability to invest abroad. Members stressed that investment agreements concluded by the EU must respect the capacity for public intervention, in particular when pursuing public policy objectives such as social and environmental standards, human rights, security, workers' and consumers' rights, public health and safety and cultural diversity. They called for specific clauses on these objectives to be included in the agreement. Social and environmental standards: lastly, Members reiterated their call for an effective corporate social responsibility clause and effective social and environmental clauses in the agreement and stress that the latter must oblige foreign investors in the EU to abide by European social standards and social dialogue requirements. type Decision by Parliament, 1st reading/single reading title T7-0412/2013
activities/1/type	Old Oral question by Parliament New Results of vote in Parliament
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activities/4	date 2013-10-09T00:00:00 docs url: http://www.europarl.europa.eu/sides/getDoc.do?type=TA&language=EN&reference=P7-TA-2013-412 type: Decision by Parliament, 1st reading/single reading title: T7-0412/2013 body EP type Text adopted by Parliament, single reading
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procedure/title	Old EU - Taiwan trade relations New Resolution on EU-Taiwan trade relations

activities/0	date 2013-08-22T00:00:00 docs url: http://www.europarl.europa.eu/sides/getDoc.do?type=COMPARL&mode=XML&language=EN&reference=PE516.720 type: Amendments tabled in committee title: PE516.720 body EP type Amendments tabled in committee
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activities/0/docs/0/url	http://www.europarl.europa.eu/sides/getDoc.do?type=COMPARL&mode=XML&language=EN&reference=PE516.720
activities/0/type	Old Oral question by Parliament New Amendments tabled in committee

activities	date: 2013-08-22T00:00:00 docs: url: http://www.europarl.europa.eu/sides/getDoc.do?type=COMPARL&mode=XML&language=EN&reference=PE516.720 type: Amendments tabled in committee title: PE516.720 body: EP type: Amendments tabled in committee date: 2013-10-08T00:00:00 body: EP type: Debate in plenary scheduled date: 2013-10-09T00:00:00 body: EP type: Vote in plenary scheduled
committees	body: EP responsible: True committee_full: International Trade committee: INTA
links
other	body: EC dg: url: http://ec.europa.eu/trade/ title: Trade commissioner: DE GUCHT Karel
procedure	dossier_of_the_committee INTA/7/12966 geographical_area Taiwan reference 2013/2675(RSP) title EU - Taiwan trade relations legal_basis Rules of Procedure of the European Parliament EP 115-p5 stage_reached Awaiting Parliament 1st reading / single reading / budget 1st stage subtype Debate or resolution on oral questions type RSP - Resolutions on topical subjects subject 6.20.03 Bilateral economic and trade agreements and relations

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INTA/7/12966

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