Translation of "filiale à l'étranger " (French → English) :

Different company law rules and sanctions for not complying with a national binding quota, such as exclusion from public procurement, could lead to complications in business life and have a deterrent effect on companies' cross-border investments and the establishment of subsidiaries in other Member States.

The EU is an important source of FDI for India, accounting for about 20 % of total India's FDI flows, and that India's cumulative direct investments in joint ventures and wholly owned subsidiaries in the EU (from April 1996 to 2006/2007) were € 4315.87 million, making it the largest destination of overseas investment of India; investment flows between the EU and India have been rising despite the fact that India's investment regime still deters many EU companies from investing in India.

By recording data from multinational enterprise groups, business registers form a basic tool for the improvement of many statistics related to globalisation: international trade in goods and services, balance of payments, foreign direct investment, foreign affiliates, research, development and innovation, and the international labour market.

12. Notes that for years the Chinese banking system has been growing rapidly; that this has been accompanied by a gradual opening of the banking and financial sector to foreign interests; that this is taking place in accordance with the basic principles of the WTO Agreement and the transitional periods granted to China when it joined the WTO; that many Chinese commercial banks have already been authorised to work with foreign lenders; that, finally, more than 400 international banks and financial institutions have opened branches or representations in China; calls on China to continue this process, further to relax the remaining res ...[+++]trictions on foreign banks as regards customer transactions, areas of business and regional activities and ultimately to dismantle them altogether in order to create greater scope for development for foreign banks or banks with foreign capital participation; calls on China, furthermore, to allow all foreign or mixed banks to conduct customer transactions in the Renminbi, and, in the near future to lift all restrictions on Renminbi transactions by foreign banks throughout China; calls on China, furthermore, in addition to relaxing market access rules for foreign or mixed banks implemented introduced so far, also to relax controls on external financial institutions and, in this connection, to reduce the capital requirements for the establishment of foreign financial institutions from the present excessively high level so as to allow these undertakings effective market access;

Beyond its seemingly technical character, this directive is very important, and our aim in drafting it is to regulate two types of data on foreign affiliates, namely inward statistics, which relate to all the businesses and sectors that are under foreign control, and outward statistics, which relate to foreign enterprises that are controlled by a company located in the European Union.

· Proper functioning of the internal market: Regular and good quality Community statistics on the structure and activity of foreign affiliates are essential for an adequate assessment of the impact of foreign-controlled enterprises on the European Union economy.