Activities of Michiel HOOGEVEEN related to 2021/2176(INI)
Shadow reports (1)
REPORT on the future of EU international investment policy
Amendments (9)
Amendment 6 #
Motion for a resolution
Recital B a (new)
Recital B a (new)
Ba. whereas, by contributing to economic growth, job creation and integration in global value chains, foreign investment benefit host countries as well as economies in the EU;
Amendment 28 #
Motion for a resolution
Paragraph 1 a (new)
Paragraph 1 a (new)
1a. Stresses that the main objective of EU investment protection policy is to guarantee that EU investors have abroad at least a level playing field with a basic protection in comparison with what foreign investors enjoy in the EU;
Amendment 34 #
Motion for a resolution
Paragraph 2 a (new)
Paragraph 2 a (new)
2a. Calls on the remaining Member States to proceed with internal ratification of investment protection agreements with Canada, Singapore and Vietnam so they enter into force and create favourable conditions and protection for EU investors in these countries;
Amendment 83 #
Motion for a resolution
Paragraph 8
Paragraph 8
8. Is concerned that recent EU IIAs still contain broad protection standards which can be used to challenge legitimate public policies; asks the Commission to only allow protection against discrimination, direct expropriation and the gross denial of justice, and to ensure that foreign investors are not accorded superior rights to those enjoyed by domestic investors;
Amendment 107 #
Motion for a resolution
Paragraph 13
Paragraph 13
13. Calls on the Member States to terminate or modernise any“old style” bilateral investment treaties that contain ISDS, any tre, with an aim of incorporatiesng that contain protection standards beyond protection against direct expropriation, nationality-based discrimination or the gross denial of justice, and any treaties that protect fossil fuel investmentse new EU reform approach including sustainability objectives and replacing the ISDS by the Investment Court System;
Amendment 126 #
Motion for a resolution
Paragraph 15
Paragraph 15
15. Points out that the ECT is the most litigated investment agreement in the world today; welcomefully supports efforts to modernise the ECT and the EU’s position to exclude protection for most fossil fuel investments; notes that investments considered ‘significantly harmful’ under the EU taxonomy would remain protected according to the EU’s position; underlines that amending the ECT requires unanimity of all contracting parties voting at the annual conference;
Amendment 129 #
Motion for a resolution
Paragraph 16
Paragraph 16
Amendment 147 #
Motion for a resolution
Paragraph 19
Paragraph 19
19. Notes that in the context of the UNCITRAL Working Group III discussions, the EU and its Member States are pursuing the establishment of a standing mechanism to resolve investment disputes: the multilateral investment court; stresses, however, that this proposal does not cover the modernisation of substantive protection standard and fully supports this process;
Amendment 162 #
Motion for a resolution
Paragraph 22 a (new)
Paragraph 22 a (new)
22a. Welcomes the fact that a large number of developing countries are participating in the WTO negotiations on Investment facilitation for Development; points out that investment facilitation contributes to unlocking investment opportunities in developing countries, notably for small and medium-sized enterprises and to achieving the Sustainable Development Goals; encourages the Commission to proactively engage in those negotiations by the end of the year with a view to agreeing on a meaningful set of rules among WTO Members; invites the Commission to also pursue bilateral investment facilitation negotiations with African partners;