6 Amendments of Dominique BILDE related to 2021/2176(INI)
Amendment 6 #
Draft opinion
Paragraph 1
Paragraph 1
1. Notes with concern the asymmetry of international investment agreements (IIA), which give rights to foreign investors without putting the host state under any obligations in terms of human rights, labour and environmental law; regrets that IIAs usually include the investor-state dispute settlement mechanism (ISDS), which provides protection for investors but not for states or citizens and also has the potential to undermine the national sovereignty of the states concerned;
Amendment 8 #
Draft opinion
Paragraph 1 a (new)
Paragraph 1 a (new)
1a. Is also generally concerned about the conclusion of free trade agreements with countries which do not align with EU standards in the areas of, in particular, labour law and the environment;
Amendment 13 #
Draft opinion
Paragraph 2
Paragraph 2
2. Deplores the asymmetry of this private justice system, which gives foreign investors the right to bring claims against governments; highlights the risks posed by the high costs of ISDS claims for the public finance of developing countries; stresses that the costs of investment lawsuits have the potential to bring the public budgets of most African countries to breaking point and that these clauses also have the potential to undermine the sovereignty of the states concerned;
Amendment 17 #
Draft opinion
Paragraph 3
Paragraph 3
Amendment 34 #
Draft opinion
Paragraph 4
Paragraph 4
4. Urges the EU to review its investment treaties in order to ensure a fair balance between rights and obligations for investors with full respect for human rights and the environment; stresses the need to oblige the investor to support sustainable investment in the host state and to act, in all circumstances, in full respect of fundamental rights and to oblige the home state of the investor to allow victims to seek justice;
Amendment 48 #
Draft opinion
Paragraph 6
Paragraph 6
6. Stresses that the Investment Court System designed by the EU does not protect governments’ right to regulate; and therefore has the potential to undermine the national sovereignty of partner countries;