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 Index 
 Full text 
Procedure : 2018/0403(NLE)
Document stages in plenary
Select a document: :

Texts tabled :

A8-0020/2019

Debates :

PV 12/02/2019 - 20
CRE 12/02/2019 - 20

Votes :

PV 13/02/2019 - 8.10

Texts adopted :

P8_TA(2019)0092

Debates
Tuesday, 12 February 2019 - Strasbourg Provisional edition

20. EU-Singapore Free Trade Agreement - EU-Singapore Free Trade Agreement (resolution) - EU-Singapore Investment Protection Agreement - EU-Singapore Investment Protection Agreement (resolution) - EU-Singapore Partnership and Cooperation Agreement - EU-Singapore Partnership and Cooperation Agreement (resolution) (debate)
Video of the speeches
PV
MPphoto
 

  Ramon Tremosa i Balcells, on behalf of the ALDE Group . – Mr President, let me start by saying that cooperation between the rapporteur, David Martin, and all the shadow rapporteurs has been very good. The clear vote in favour on the Free Trade Agreement that we had in the Committee on International Trade (INTA) last month reflects this excellent cooperation. I also want to thank the Ambassador of Singapore and his Government for their cooperation and patience.

I strongly support both the Free Trade Agreement and the Investment Protection Agreement. This is a win—win fair deal for both sides and for both consumers and companies. Negotiations between the EU and Singapore were launched in December 2009. Nearly 10 years later, here we are, finally. Singapore is by far the EU’s largest partner in Asia, accounting for almost a third of EU—Asian trade in goods and services. More than 10 000 European companies have their regional offices in Singapore and they operate in a reliable business and regulatory environment. Singapore is also a trade and transport hub to Asia and a gateway to the major growth economies of the world. This agreement can be a model for other Asian countries as it is the first in this region.

With regard to the Investment Protection Agreement (IPA), it replaces 13 old bilateral investment treaties between individual Member States and Singapore. Tomorrow, I hope we will vote in favour of a new and modern investment court system. The IPA protects the parties’ right to regulate and to achieve legitimate policy objectives in areas such as public health, safety and the environment. Moreover, there is no protection of investors’ profit expectation. Furthermore, the Investment Protection Agreement defines fair and equitable treatment, preventing forum shopping and parallel claims, among other things.

Lastly, I want to recognise Commissioner Malmström’s efforts to improve dialogue, accountability and transparency.

Growth in Europe comes with trade and not with more public debt. Given Brexit and Trump, multilateralism today is welcome and we should keep going in this direction.

 
Last updated: 22 March 2019Legal notice