6 Amendments of Anna CAVAZZINI related to 2023/2072(INI)
Amendment 3 #
Draft opinion
Paragraph 1
Paragraph 1
1. Highlights the fact that in 2022, China was the EU’s second largest trade in goods partner; expresses concern about the increasingly unbalanced trade and investment relationship between the EU and China, which is also highlighted by the EU’s record trade deficit of EUR 396 billion in 2022; highlights China’s unbalanced international trade policy in the context of its Dual Circulation Strategy; asks the European Commission to raise European concerns with China on its managed trade practices;
Amendment 6 #
Draft opinion
Paragraph 2
Paragraph 2
2. Notes that Chinese investments in Europe continued to decline in 2022, reaching a 10-year low of EUR 7.9 billion; welcomes Chinese investment if it doesn’t hurt security or the public order; emphasizes that at the same time adequate investment screening must be pursued;
Amendment 14 #
Draft opinion
Paragraph 3
Paragraph 3
3. Is nevertheless convinced that the trade and investment relationship between the EU and China is of strategic importance and should be rules-based, with the multilateral trading system and the principle of reciprocity at its core; emphasizes in this context the expectation that China would support ambitious WTO-reform; insists on more reciprocity and advocates strong EU actions against unfair Chinese regulations affecting trade and investment;
Amendment 18 #
Draft opinion
Paragraph 4
Paragraph 4
4. Emphasises that trade and investment arshould be key drivers of sustainable growth, job creation and innovation and that the EU should therefore maintain its economic openness1 ; _________________ 1 Commission communication of 18 February 2021 entitled ‘Trade Policy Review – An Open, Sustainable and Assertive Trade Policy’ (COM(2021)0066).
Amendment 37 #
Draft opinion
Paragraph 6
Paragraph 6
6. Welcomes the Commission’s proposed European economic security strategy2 and the de-risking paradigm , which aims to maximise the benefits of the EU’s economic openness while minimising the risks resulting from economic interdependencies; approves of the fact that the strategy explicitly recognises that risks to the physical and cyber security of critical infrastructure are key security vulnerabilities for European economies; _________________ 2 Joint communication from the Commission and the High Representative of the Union for Foreign Affairs and Security Policy of 20 June 2023 on ‘European Economic Security Strategy’ (JOIN(2023)0020).
Amendment 53 #
Draft opinion
Paragraph 7
Paragraph 7
7. Recalls that the Regulation on the screening of foreign direct investments3 addresses risks to security and public order resulting from investments from outside the EU; notes that critical infrastructure is among the factors that may be taken into consideration by the Member States or the Commission in determining whether an investment is likely to affect security or public order; encourages the Commission to present an ambitious legislative proposal on a revised EU FDI screening Regulation adequately addressing all the loopholes that have emerged during the implementation of the present Regulation, as well as a legislative proposal on a screening mechanism for outbound investments. _________________ 3 Regulation (EU) 2019/452 of the European Parliament and of the Council of 19 March 2019 establishing a framework for the screening of foreign direct investments into the Union (OJ L 79I, 21.3.2019, p. 1).