4 Amendments of Biljana BORZAN related to 2018/0358M(NLE)
Amendment 16 #
Motion for a resolution
Recital H
Recital H
H. whereas the agreement builds on the investment protection provisions included in the EU-Canada Comprehensive Economic and Trade Agreement (CETA), which was ratified by Parliament on 15 February 2017; emphasises that the new public Investment Court System was integrated into the already finalised CETA agreement by the European Parliament's efforts, thereby replacing the old private ISDS-system.
Amendment 30 #
Motion for a resolution
Paragraph 1
Paragraph 1
1. Welcomes the EU’s new approach to investment protection and its enforcement mechanism (ICS), which has replaced the investor-to-state dispute settlement (ISDS); underlines the fact that ICS represents a modern, innovative and reformed investment resolution mechanism; notes that it marks significant change in the level of substantive protection afforded to investors and the manner in which investor-state disputes are resolved; regrets, however, that the scope of application still extends slightly beyond mere non-discrimination between foreign and domestic investors
Amendment 40 #
Motion for a resolution
Paragraph 3
Paragraph 3
3. Stresses that the agreement guarantees that EU investors in Vietnam will get fair and equitable treatment and will suffer no discrimination in relation to Vietnamese investors; notes that the agreement properly protects EU investors from illegitimate expropriation; regrets that protection against discriminatory measures does not go hand-in-hand with obligations for investors to exercise due diligence with regard to sustainable business practices in compliance with human rights and international labour conventions as well as environmental standards.
Amendment 44 #
Motion for a resolution
Paragraph 4
Paragraph 4
4. Recalls that the ICS plans to establish a Permanent Investment Tribunal of First Instance and an Appeal Tribunal, whose members will have to possess comparable qualifications to those held by judges of the International Court of Justice, and will have to demonstrate expertise in public international law and not just commercial law, in addition to satisfying strict rules of independence, impartiality, integrity and ethical behaviour through a binding code of conduct designed to prevent direct or indirect conflicts of interests; stresses that the European Court of Justice sees the ICS in full compliance with EU law as expressed in opinion 1/17 of the Court.