Translation of "accord international d'investissement " (French → English) :

K. whereas an investment agreement should also include investor obligations, including with regard to respect for trade union and other labour rights, transparency and protection of the environment, as defined in the law of each of the two parties, and should be concluded in compliance with World Trade Organisation (WTO) rules and other relevant international agreements and core conventions signed and ratified by the parties; whereas investment agreements should not cover investments in specially created zones that provide for the c ...[+++]ircumvention of labour rights and standards and other legal requirements;

K. whereas an investment agreement should also include investor obligations, including with regard to respect for trade union and other labour rights, transparency and protection of the environment, as defined in the law of each of the two parties, and should be concluded in compliance with World Trade Organisation (WTO) rules and other relevant international agreements and core conventions signed and ratified by the parties; whereas investment agreements should not cover investments in specially created zones that provide for the ci ...[+++]rcumvention of labour rights and standards and other legal requirements;

J. whereas the poor implementation or non-implementation by China of certain fundamental social and labour rights and environmental standards, which are, however, internationally recognised, are among the causes of the present imbalance in trade flows between the EU and China, which could be even further exacerbated by deeper investment relations if progress is not achieved in the implementation of those rights and standards; whereas the investment agreement should therefore not have the effect of further lowering social and environ ...[+++]mental standards in China, but should, on the contrary, contribute to the improvement thereof as a precondition, leading to a more balanced and mutually beneficial trade and investment relationship;

J. whereas the poor implementation or non-implementation by China of certain fundamental social and labour rights and environmental standards, which are, however, internationally recognised, are among the causes of the present imbalance in trade flows between the EU and China, which could be even further exacerbated by deeper investment relations if progress is not achieved in the implementation of those rights and standards; whereas the investment agreement should therefore not have the effect of further lowering social and environm ...[+++]ental standards in China, but should, on the contrary, contribute to the improvement thereof as a precondition, leading to a more balanced and mutually beneficial trade and investment relationship;

Near the end of his remarks he compared this investment agreement to the government's international trade agenda and the deals that it has been making.

18. Stresses the added value of a coherent and integrated EU investment policy; believes that developing countries would benefit greatly from having the EU as main interlocutor on investment arrangements, rather than relying on multiple agreements with individual Member States, provided that the EU investment policy strikes the right balance between the objective of investor protection and host states’ development goals; considers it vital, therefore, to establish an appropriate deadline for the replacement of Member States’ bilateral treaties by EU-level agreements; takes the view that the EU investment policy should include strong p ...[+++]rovisions on transparency, especially in relation to arbitration rules, and should oblige investors to exhaust domestic remedies first before turning to international arbitration.