10 SEP 2010
The EU Foreign Affairs Council will meet in Brussels on 10 September. The main topic of the meeting is the European Union’s new international investment policy. Minister for Foreign Trade and Development Paavo Väyrynen will attend the meeting for Finland.
The Foreign Affairs Council will discuss the transfer of competence concerning foreign direct investments to the European Union. The transfer of investment policy to the EU, brought on by the Lisbon Treaty, has highlighted several issues. The Council will discuss the basic principles of the future investment policy as well as the fate of the Member States’ approximately 1,200 existing bilateral investment protection agreements. The right of Member States to negotiate new bilateral agreements in cases where it is not possible for the Union to do so will also be discussed. Finland actively supports creation of the EU’s new investment policy so that it would promote European investments better than agreements of Member States with third countries.
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