12 Amendments of Seán KELLY related to 2018/0095M(NLE)
Amendment 7 #
Motion for a resolution
Recital C a (new)
Recital C a (new)
C a. Whereas Singapore is the number one location for European investment in Asia, with bilateral investment stocks reaching €256 billion in 2016;
Amendment 13 #
Motion for a resolution
Recital I
Recital I
I. whereas it is arguable whether developed economies withwhile properly functioning judiciary systems should need to avail themselves oflessen the need for investor-state dispute settlement mechanisms, the establishment of an independent multilateral investment court would give greater certainty to all parties;
Amendment 24 #
Motion for a resolution
Paragraph 1
Paragraph 1
1. Welcomes the EU’s new approach to investment protection and its enforcement mechanism (ICS), which has replaced the highly controversial investor- to-state dispute settlement (ISDSimproves the individual approaches, followed by the EU Member States, in existing Bilateral Investment Treaties (BITs);
Amendment 32 #
Motion for a resolution
Paragraph 2
Paragraph 2
2. NotesConsiders it essential that the agreement will ensure a high level of investment protection while safeguarding the Parties’ right to regulate and pursue legitimate public policy objectives, such as public health and environ of both the EU and Singapore, and stresses that the new EU approach to investmental protection should ensure these principles in future agreements.;
Amendment 43 #
Motion for a resolution
Paragraph 5
Paragraph 5
5. Welcomes the transparency rules applying to proceedings before the tribunals, which will help to instil public trust in the system. Additionally welcomes the clarity regarding the grounds on which an investor can challenge, which ensures additional transparency and fairness of the process;
Amendment 53 #
Motion for a resolution
Paragraph 7
Paragraph 7
7. Recalls that the agreement represents an improvementbuilds on the investment protection provisions in CETA, as it incorporates provisions on obligations for former judges, a code of conduct to prevent conflicts of interests and a fully functioning Appellate Tribunal at the time of its conclusion;
Amendment 54 #
Motion for a resolution
Paragraph 7 a (new)
Paragraph 7 a (new)
7 a. Emphasises that the long-term objective should be the establishment of an independent international court and therefore welcomes the Council mandate for the establishment of a multilateral court for the settlement of investment disputes(MIC) and encourages the Commission to continue its efforts reaching out to third countries to establish this Court as soon as possible;
Amendment 60 #
Motion for a resolution
Paragraph 8
Paragraph 8
8. Welcomes Singapore’s commitment to the establishment of this multilateral investment court, a public international court which should be empowered to hear disputes on investments between investors and states that will have accepted its jurisdiction over their bilateral investment treaties, and whose ultimate goal is to overcome the current, unbalanced and fragmented investment protection regime; considers the agreement a crucial stepping stone towards that end;
Amendment 72 #
Motion for a resolution
Paragraph 10
Paragraph 10
10. Highlights that the agreement will replace the existing bilateral investment treaties between 13 EU Member States and Singapore, which are based on outdated investment protection provisions and include the controversial ISDS; considers that this constitutes an important step in reforming global rules on investment dispute settlement and, it is hoped, will progressively lead to the removal of ISDS from bilateral investment treatiestowards the modernisation of the approach to investment protection globally through an independent international court;
Amendment 74 #
Motion for a resolution
Paragraph 10 a (new)
Paragraph 10 a (new)
10 a. Welcomes the agreement’s commitment by the EU and Singapore to sustainable development, workers’ rights and environmental standards. Highlights generally the importance of the Sustainable Development Chapters in free-trade agreements and considers them suitable and effective tools to promote international standards in labour and environmental protection, human rights, and good governance, while avoiding red tape for EU companies;
Amendment 77 #
Motion for a resolution
Paragraph 11
Paragraph 11
Amendment 89 #
Motion for a resolution
Paragraph 13
Paragraph 13
13. Encourages the Commission to continue its work on making ICS more accessible to SME, particularly for SMEs and smaller companies;