5 Amendments of Urmas PAET related to 2020/2114(INI)
Amendment 16 #
Draft opinion
Paragraph 2
Paragraph 2
2. Regrets the growing tendencies towards protectionism and trade weaponisationusing trade as a tool of coercion by certain actors that have developed in parts of the global economy; welcomes the strengthening of the EU’s trade enforcement efforts and the development of a toolbox of autonomous trade instruments, such as the anti- coercion instrument, distortive subsidies instrument and international procurement instrument, to respond to these emerging challenges; stresses the need, however, to remain fully engaged in efforts to reinvigorateform the World Trade Organization (WTO) as the cornerstone of a liberalised global economyn open, fair and sustainable global economy based on rules, and to deal with the challenges posed by non-market economies; calls on the Commission to engage with partners in the WTO to advance multilateral negotiations; underlines role of other multilateral institutions such as the OECD, the IMF, the World Bank, and the G7 in advancing an open, rules-based trading system; stresses that for the advancement of rules-based global trade, effective engagement of the EU must be based on a forward-looking approach to trade;
Amendment 20 #
Draft opinion
Paragraph 2
Paragraph 2
2. Regrets the current geopolitical turmoil and the growing tendencies towards protectionism and trade weaponisation that have significantly developed in parts of the global economy; welcomes, in this context, the strengthening of the EU’s trade enforcement efforts and, the development of a toolbox of autonomous trade instruments as well as the creation of the post of the Chief Trade Enforcement Officer (CTEO) to respond to these emerging challenges; stresses the need, however, to remain fully engaged in efforts to reinvigorate the World Trade Organization (WTO) as the cornerstone of a liberalised global economy and to deal with the challenges and risks posed by non-market economies;
Amendment 32 #
Draft opinion
Paragraph 3
Paragraph 3
3. Notes the need to work closely with like-minded partners, and to engage with all members of the WTO that are committed to a positive agenda for reform; recognises that historically it has been EU- US cooperation that has been the main driving force for progress within multilateral trade negotiations, and therefore welcomes the positive statements on WTO reform made by the current US administration, which should provide a basis for renewed engagement on actionable outcomes; supports a forward- looking transatlantic agenda based on common interests and shared values, aiming to achieve meaningful WTO reform, including ofensuring a fully functioning dispute settlement system;
Amendment 37 #
Draft opinion
Paragraph 3 a (new)
Paragraph 3 a (new)
3 a. Welcomes the launch of the EU- US Trade and Technology Council (TTC) in June 2021 and the first TTC meeting held in November 2021; considers the TTC as a crucial opportunity for the EU and US to cooperate on key global trade, economic, and technology issues and to deepen transatlantic trade and economic ties;
Amendment 39 #
Draft opinion
Paragraph 4
Paragraph 4
4. Stresses that accountable and transparent global governance should feature greater participation of parliamentary bodies, as directly elected parliamentarians can function as a crucial link between citizens and the multilateral system; emphasises the importance of the work of the joint European Parliament and Inter-Parliamentary Union parliamentary conference on the WTO; underlines the need to ensure that parliamentarians have better access to trade negotiations and are involved in the formulation and implementation of WTO decisions, as well as negotiations on trade related matters within other multilateral bodies and institutions.