The multilateral approach of world trade talks must "maintain its focal role", and not give way to bilateral or regional deals, said European Parliament Trade Committee members and 270 other members of parliaments across the world in a joint statement approved at the Parliamentary Conference on the World Trade Organization (PCWTO), held in parallel to the WTO 9th Ministerial Conference in Bali on 2 and 5 December.
The role and responsibilities of parliamentarians scrutinizing world trade talks were stressed at the opening of the World Trade Organisation (WTO) Parliamentary Conference in Bali, Indonesia on Monday by MEP and conference co-chair Vital Moreira. His co-chair, Phairoj Tanbanjong of the Thai parliament, stressed that multilateral trade must be governed by ethical criteria such as equity, sustainability and transparency. The conference is taking place on 2 and 5 December.
A draft law that could bar non-EU firms from bidding for public procurement contracts in the EU unless their home countries allow EU firms reciprocal access to their public procurement markets was endorsed by the International Trade Committee on Thursday. The proposed “international public procurement instrument” should strengthen the EU’s hand in trade talks and help EU firms wishing to bid for third country contracts.
EU-China talks on an investment and market access accord will touch interests that are highly sensitive for the EU public. They must therefore be conducted "with the highest possible level of transparency" and subject to parliamentary oversight. This will be a precondition for the European Parliament's consent to the deal, which will be required later, warns the International Trade Committee in a resolution voted on Tuesday.
The following is a summary of the priorities of the Lithuanian Council Presidency outlined to the different parliamentary committees by Lithuanian ministers this week, from 8 to 12 July. This text is going to be updated daily
New rules to ensure that chemicals used in industrial processes, such as manufacturing plastics, textiles, aspirin, flu and allergy remedies, dyes and perfumes, are not diverted to the illegal production of heroin, speed or crack were adopted by the Civil Liberties Committee on Wednesday and by the International Trade Committee on Thursday.
The EU Council of Ministers should authorize the start of Transatlantic Trade and Investment Partnership (TTIP) talks with the US in June, say International Trade Committee MEPs in a resolution voted on Thursday. The negotiating mandate should include public procurement and financial services, but exclude culture, they add.
The EU should reinstate Myanmar's duty and quota free access to the EU market, said the EP's international trade committee on Thursday, in support of the Commission's proposal to support Myanmar in its reforms, in particular its efforts to eradicate forced labour.
What should be on the negotiating table in the upcoming EU-US talks on a Transatlantic Trade and Investment Partnership? The international trade committee holds its first debate on Parliament's input into the negotiating mandate which is currently being drafted by the Commission and will have to be adopted by the Council.
International Trade Committee MEPs on Thursday strongly backed moves to start talks with the US on the world's biggest-ever trade deal but warned Commissioner Karel De Gucht that hard bargaining would be needed to clinch a deal acceptable to the EU public.