5 Amendments of Peter SKINNER related to 2012/2149(INI)
Amendment 5 #
Motion for a resolution
Recital A
Recital A
A. whereas the EU and the US are each- others main trading partners, the two economies together accounting for about half of the global economic output and nearly a third of world trade flows, making it the largest economic relationship in the world consisting of a wide range of fields including manufacturing, finance, wholesale trade, and banking sectors;
Amendment 14 #
Motion for a resolution
Recital C
Recital C
C. whereas the global economy remains vulnerable, with a negative impact on the everyday lives of people all over the world, affecting jobs, trade, development, and the environment, and whereas the ongoing financial and economic crises, both in the EU and in the US, are threatening the stability and prosperity of our economies and the welfare of our citizens, and the lack of coordination of financial regulation is causing unnecessary barriers to trade, calling for a closer economic cooperation between the EU and the US, in order to combat and overcome these crises;
Amendment 42 #
Motion for a resolution
Paragraph 3
Paragraph 3
3. Welcomes the Interim Report of the HLWG and the preliminary recommendations contained therein, and agrees that a comprehensive agreement should include an ambitious reciprocal market opening in goods, services and investment, and address the challenges of modernising trade rules and enhancing the compatibility of regulatory regimes, with special attention paid to the financial services sector; encourages the HLWG to continue its work preparing an ambitious yet feasible set of objectives and concrete deliverables for the negotiations of such a comprehensive bilateral trade and investment agreement, which would be consistent with (and supportive of) the WTO framework;
Amendment 50 #
Motion for a resolution
Paragraph 4
Paragraph 4
4. Stresses the importance of continuing with the strengthening of transatlantic economic relations but without threatening EU policies, including in fields such as financial services, environmental standards, cultural diversity, social rights, public services or geographical indications, among others; emphasises that while the specific interests and sensitivities of both partners must be safeguarded in a balanced way, there are many areas where progress would be greatly beneficial, in particular as regards the removal of trade barriers, the introduction of measures to ensure better market access and appropriate investment conditions, the protection of intellectual property rights (IPR), the opening up of public procurement markets to ensure full reciprocity, and the convergence on mutual recognition of regulatory standards; considers that such an intensification of economic relations would also allow for greater alignment of EU and US approaches towards addressing global economic challenges;
Amendment 71 #
Motion for a resolution
Paragraph 6
Paragraph 6
6. Recognises that even though the average tariffs on transatlantic trade in goods are comparatively low, there is an interest in both the EU and US business communities to eliminate remaining tariffs; takes the view, however, that a tariff-only free trade agreement would not be ambitious enough; supports the goal proposed by the HLWG of eliminating all duties on bilateral trade, with the objective of achieving a substantial elimination of tariffs upon entry into force of the agreement and a phasing out of all but the most sensitive tariffs in short time-frame, which could deliver significant gains, considering that EU-US bilateral trade to a large extent consists of intra-firm trade, and enhance the global competitiveness of the EU and US companies on the world stage; encourages the discussion of the inclusion of a financial services chapter given the interconnected nature of our markets;