Document stages in plenary
Document selected : B7-0099/2009

Texts tabled :


Debates :

PV 21/10/2009 - 9
CRE 21/10/2009 - 9

Votes :

PV 22/10/2009 - 8.9

Texts adopted :

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to wind up the debate on statements by the Council and Commission

pursuant to Rule 110(2) of the Rules of Procedure

on the EU-US Summit

Pascal Canfin, Reinhard Bütikofer, Yannick Jadot, Nicole Kiil-Nielsen, Barbara Lochbihler on behalf of the Verts/ALE Group

European Parliament resolution on the EU-US Summit  

The European Parliament,

–   having regard to its previous resolutions on transatlantic relations, in particular its two resolutions of 1 June 2006 on improving EU-US relations in the framework of a Transatlantic Partnership Agreement and on EU-US transatlantic economic relations, that of 25 April 2007 on transatlantic relations, and its most recent one of 5 June 2008 on the EU-US Summit, and its resolution of 26 March 2009 on the state of transatlantic relations in the aftermath of the US election,

–   having regard to the Transatlantic Declaration on EU-US relations of 1990 and the New Transatlantic Agenda (NTA) of 1995,

–   having regard to the conclusions of the summit held in Prague on 5 April 2009 between President Obama and the 27 EU Heads of State and Government on the establishment of a common agenda,

–   having regard to the joint statement and progress report adopted at the third Transatlantic Economic Council (TEC) meeting on 16 October 2008,

–   having regard to the forthcoming the EU-US Summit to be held on 2-3 November 2009 in Washington DC,

–   having regard to the forthcoming 67th Transatlantic Legislators' Dialogue (TLD) to be held on 4-6 December in New York,

–   having regard to its resolution of 17 September 2009 on the envisaged international agreement to make available to the United States Treasury Department financial payment messaging data to prevent and combat terrorism and terrorist financing,

–   having regard to its resolution of 8 October 2009 on the Pittsburgh G20 Summit of 24-25 September 2009,

–   having regard to Rule 110(2) of its Rules of Procedure,

A. whereas the transatlantic partnership is founded on shared core values, such as democracy, human rights, the rule of law, peaceful resolution of conflicts and multilateralism, and common goals, such as open and integrated economies and sustainable development, and is the cornerstone of security and stability in the Euro-Atlantic area,

B.  whereas the European Union welcomes the new direction given by the US Administration based on a cooperative attitude in the international field and a strengthening of the EU-US relationship,

C. whereas the European Union is an increasingly important player on the world stage, and whereas, once the Lisbon Treaty with its foreign policy tools comes into effect, the EU will be able to play a stronger and more coherent role on the international scene,

D. whereas recent surveys, such as Transatlantic Trends 2009 by the German Marshall Funds, show unprecedented popular support among EU citizens for the US Administration as a basis for a revitalisation of EU-US relations,

E.  whereas the EU and the US play key roles in the world's politics and economy and share responsibility for tackling various global challenges, such as the financial crisis, climate change, energy security, conflict resolution and disarmament, the eradication of poverty and the achievement of other MDGs, protection and promotion of human rights and the rule of law, terrorism and nuclear proliferation,

F.  whereas in an increasingly global, complex and changing world it is in the interests of both partners, the EU and the US, to shape the international environment together and to confront in unison common threats and challenges on the basis of international law and multilateral institutions, in particular the UN system, and to invite other partners to cooperate in this effort,

G. whereas, in the fight against international terrorism, it is necessary to stress the importance of fully respecting international law and treaties regarding human rights and fundamental freedoms,

H. whereas the transatlantic partnership must remain a cornerstone of the Union's external action,

I.   whereas the work of the Transatlantic Economic Council (TEC) needs to continue towards the goal of a better functioning of the transatlantic market,

J.   whereas the EU and the US will be confronted with rising global energy consumption and the requirement to implement global commitments - to be agreed in Copenhagen - to combat climate change, which will require major changes in our economies,

Global challenges

1.  Regards it as currently the most urgent task for the European side to convince the US Administration of the need to come to a far-reaching, ambitious and legally binding post-Kyoto regime on greenhouse gas emissions during the COP-15 meeting in Copenhagen, to design a transatlantic Green New Deal for investment and technology exchange in safe and non-polluting energy and production devices, and to agree on an adequate level of financing for climate mitigation and adaptation in developing countries;

2.  Urges both partners to engage in effective multilateralism, involving emerging players in a spirit of shared responsibility for the global order, respect for international law and common problems; insists that the EU and the US increase their efforts to implement the UN Reform Agenda, including the reform of the UN Security Council and of other multilateral forums within the global architecture;

3.  Calls on both partners to promote respect for human rights at home and in the world as a key element of their policy; underlines the need for intensive coordination of preventive and crisis diplomacy; calls on the US Administration to ratify and accede to the Rome Statute of the International Criminal Court; repeats its appeal for the abolition of the death penalty; calls on the US Administration to return to the practice of full compliance with international standards of the rule of law and to dismantle all secret prison sites, to put a stop to all extrajudicial measures and to end impunity in connection with human rights violations;

Defence, arms control, nuclear proliferation and security matters

4.  Stresses that the security dimension of EU relations with Russia and the US and the role of the CFSP and ESDP cannot be seen in isolation from the wider European security architecture, which includes NATO, the OSCE and international arrangements such as the ABM and CFE Treaties; considers that relevant developments in this wider security structure should be addressed in dialogue with Russia, the United States and the non-EU OSCE Member States in order to renew the transatlantic consensus on security, taking as a basis the Helsinki agreements or an updated version of them to be negotiated within a new Conference on Security and Cooperation in Europe;

5.  Welcomes in this connection, the decision of the Russian Federation and the US to conduct negotiations to conclude a new comprehensive, legally binding agreement to replace the Strategic Arms Reduction Treaty (START), which expires in December 2009, and the signing of the 'Joint understanding for a follow-on agreement to START-1' by Presidents Barack Obama and Dmitri Medvedev in Moscow on 6 July 2009;

6.  Supports the concept paper presented by the US to the Council on 16 September 2009 as part of the US Administration's strategy on non-proliferation and disarmament, and welcomes the announced holding in April 2010 of a world conference on non-proliferation;

7.  Welcomes the 24 September 2009 Security Council resolution on non-proliferation (Res.1887), which resolves to seek a safer world for all and to create the conditions for a world without nuclear weapons, in accordance with the goals of the Treaty on the Non-Proliferation of Nuclear Weapons (NPT), in a way that promotes international stability, and based on the principle of undiminished security for all;


8.  Considers that there is particular scope for the renewal of transatlantic cooperation on nuclear non-proliferation and on the reduction of the nuclear arsenal, including the withdrawal of US warheads from European soil; invites, therefore, invites the EU and the US to adopt a common strategy in all international fora, in particular the UN, on disarmament involving weapons of mass destruction and conventional weaponry; welcomes the announcement by the US President that he will take forward the ratification of the Comprehensive Test Ban Treaty (CTBT); calls on the Council to contribute positively and proactively to the preparations for the next NPT review conference in 2010, in close cooperation with US and Russia;


9.  Calls on the Conference on Disarmament to negotiate a treaty banning the production of fissile material for nuclear weapons or other nuclear explosive devices as soon as possible;

10. Welcomes the forthcoming first EU-US joint declaration on non-proliferation, which is expected to follow the terms of the UN Security Council Resolution 1887 and indicate areas of cooperation;

11. Underlines that the uncertainties about the nature of the Iranian nuclear programme are placing additional strain on the non-proliferation system and stability in the region and the world; welcomes the direct dialogue established by President Obama and supports the objective, pursued jointly by both partners, of finding a negotiated solution with Iran, on the basis of the dual strategy of dialogue and sanctions, in coordination with other members of the Security Council and under the auspices of the International Atomic Energy Agency; urges both partners to aim at building a nuclear-free zone in the Middle East;

12. Deplores, in this respect, the efforts of French President Sarkozy to sell nuclear technology to the countries of the broader Middle East; stresses that this policy is totally irresponsible and risks further destabilising the situation and undermining any initiative to create a nuclear-free zone in the region;   

13. Supports the Geneva talks process of 1 October 2009 in which Iran agreed to open its newly-revealed uranium enrichment plant near Qum to international inspection;

14. Criticises the US-India agreement on nuclear cooperation, which has allowed India to enter the international nuclear trading system despite refusing to become a member of the NPT Treaty and continuing to refuse to allow safety inspections by the IAEA of many of its nuclear installations; is convinced that the agreement adds to the impression of double standards which threatens to destroy the relevance of the NPT Treaty;

15. Is concerned at the latest nuclear testing conducted by the DPRK and its rejection of UN Security Council Resolution 1887; supports, nonetheless, the US bilateral dialogue approach, within the framework of the six-party talks to achieve the denuclearisation of the Korean peninsula;

16. Welcomes the US abandonment of plans for a missile-defence shield in Europe and calls for a new global security arrangement involving the EU, the US, Russia and China;


Regional issues

17. Underlines that a peaceful and just settlement of the Middle East conflict is vital, and welcomes the fact that it represents one of the most urgent priorities of the US Administration; asks the US Administration to coordinate closely with the EU and engage in the work of the Quartet; emphasises that both partners should strive to step up the negotiations based on the Road Map and the previous agreement, with the objective of a two-state solution with a sovereign, viable Palestinian State; calls on the transatlantic partners to support efforts for inter-Palestinian reconciliation and to put an end to the disastrous humanitarian situation in the Gaza Strip, and points out the importance of improving the living conditions of Palestinians in both the West Bank and Gaza, including the reconstruction of Gaza;

18. Considers that the first meeting between Israeli Prime Minister Benjamin Netanyahu and Palestinian leader Mahmoud Abbas hosted on 23 September 2009 by President Obama did not achieve its ambitious goals; criticises the fact that no agreement has yet been reached on the issue of Israeli settlement building in the West Bank and East Jerusalem;

19. Deplores the decision by the Human Rights Council (HRC) to defer action on a draft resolution concerning the report of the recent United Nations fact-finding mission on the Gaza conflict and its recommendations; expects that the HRC will deal with it in due course;

20. Underlines that the values, security and credibility of the transatlantic community are at stake in Afghanistan; urges the EU, the US, NATO and the UN to come up with a new joint strategic concept which incorporates all the components of the international undertakings given, improves the living conditions of the local population, strengthens Afghan women's rights and encourages democratic development, and invite all neighbouring countries to participate in this effort, in order to achieve regional stabilisation;

21. Calls on the EU and the US to develop a joint strategy towards Pakistan aimed at strengthening its democratic institutions, the rule of law and its ability to fight poverty, social exclusion and terrorism, whilst encouraging Pakistan's involvement in responsibility for stability in the region;

22. Calls on the partners to continue, by means of coordinated efforts, to work with the Iraqi Government and the UN in order to improve stability and national reconciliation and to contribute to the unity and independence of Iraq;


Financial crisis and stability and banking

23. Emphasises that the credit crunch is not over; stresses in this regard that coordinated macroeconomic policies are vital to achieving a sustainable global economic recovery, providing the basis for a Green New Deal which makes for long-term qualitative development; calls for work to start in coordinated, appropriately phased and effective exit strategies which can be rapidly implemented as soon as the recovery permits;

24. Welcomes the G-20 conclusions as a concrete working basis for further EU-US cooperation and looks forward to a coordinated approach to address both financial stability and reform of the global financial system;

25. Calls for coordination of the US reform package for the financial sector (as proposed on 17 June 2009) and the current EU reform of the financial supervisory structure to avoid any future failures of the global financial market and to ensure regulation of all systemic actors; approves in this respect the inclusion of major emerging economies in the work of establishing the Financial Stability Board (FSB);

26. Takes the view that coordination between the US and the EU must lead to the progressive upgrading of prudential rules globally to avoid regulatory arbitrage; underlines that progress made within the broader context of the G-20 consists of a 'minimum harmonisation' approach, which must not prevent the EU from applying higher standards;

27. Believes, in that connection, that strengthening cooperation between legislative, regulatory and supervisory authorities in the US and in the EU is vital, especially given the shortcomings highlighted by the recent financial turmoil;  


28. Calls on the US to take into account both recent and forthcoming changes to the EU capital requirements directives for credit institutions and investment firms when implementing the Basel II framework;


29. Believes in this respect that the implementation of Basel II in the US is vital to preserving the level playing field globally;


30. Supports the G20 call to speed up convergence of accounting standards; urges the Financial Accounting Standards Board and the International Accounting Standards Board to establish a single set of high-quality global accounting standards within the context of their independent standard-setting process and complete their convergence project by June 2011; calls for the development of country-by-country reporting that provides a comprehensive view of each parent company of a group for investors, stakeholders and tax authorities, thereby providing a more effective and transparent international overview of tax-led decisions;


31. Urges the US to stick to its road map for requiring US domestic users to apply International Financial Reporting Standards (IFRS); recalls its request that the SEC - until a decision to require US users to apply IFRS has been taken - recognises IFRS, as adopted by the European Union, as being equivalent to US GAAP;


32. Underlines that the International Accounting Standards Board (IASB) should continue its governance reforms to ensure a fair representation of constituencies which require listed companies to apply IFRS and which are involved in setting international accounting standards and in IASB oversight as its trustees;

33. Emphasises the need for a global system of cooperation and information exchange in tax matters in the form of a multilateral framework, such as the extended Global Forum on Transparency and Exchange of Information (GFTEI); takes the view that the GFTEI must be substantially reinforced in order to combat tax evasion and avoidance effectively; in particular, stresses that automatic information exchange must occur in all circumstances;

34. Welcomes the G-20 leaders' agreement to work on an international framework for a financial transaction tax, and calls for speedy progress by the US and the EU to ensure that the financial sector contributes fairly towards economic recovery and development, since the costs of the crisis so far are being borne by taxpayers, public services and citizens;

35. Hopes that the EU will be able to recognise the US insurance supervisory regime as equivalent under the conditions set out in the Solvency II Directive; takes the view that the initiative to set up an Office of National Insurance would improve EU-US cooperation and information exchange in the insurance sector;

36. Considers that regulatory cooperation should take into account the strengthening of the EU regulatory framework regarding the Capital Requirements Directive (CRD), in particular remuneration policies in the financial services sector;


37. Stresses the need for the Transatlantic Economic Council (TEC) to continue, develop and to be strengthened; believes that a road map should be drawn up showing how the long-term commitment to a transparent, value-based transatlantic market taking due account of the interests of all stakeholders can be put into practice;


38. Calls on the Commission to ensure that the outcome of studies on the realisation of the transatlantic market is discussed with the relevant parliamentary committees before any specific conclusions are drawn for the future;


39. Believes that the information society is a crucial pillar of the transatlantic economic area, on the basis of access to knowledge and a new model for the protection and the sharing of digital content, in keeping with proportionality;


40. Considers, in particular, that the results of improved cooperation in such areas as investment, accounting standards, regulatory issues, the safety of imported products and intellectual property rights (IPR) enforcement must be debated by legislators on both sides of the Atlantic before coming into effect;


41. Calls on the Commission to continue its efforts to ensure that the US law on the scanning of 100% of inbound cargo is either modified or implemented by the US Administration in such a way as to ensure that no new trade barriers are created which will impose significant costs on economic operators, without providing any benefits in terms of supply-chain security; believes that the TEC could usefully organise seminars on the 100% scanning issue in Brussels and Washington in order to foster a deeper understanding between US and EU legislators and to promote an early and mutually acceptable resolution of this problem;

42. Reiterates its call to EU and US leaders and the co-chairs of the TEC to take account of the crucial role of legislators in the long-term success of the process, and urges them to involve the representatives of the TLD fully and directly in the work of the TEC;


43. Believes that, given the highly technical nature of the issues dealt with by the TEC, it is essential to ensure that the most appropriate members of Congress and the European Parliament are brought into the discussion; points out that many of the non-tariff barriers to trade and investment which the TEC is called on to remove are rooted in the deliberate efforts of legislative bodies to foster the achievement of social, health-related, cultural or environmental objectives, and hence must not be abolished without a corresponding legislative act;


44. Welcomes the fact that the TEC is advised by a range of stakeholders, including representatives of business, and asks that a comparable role be given to representatives of the trade union movement on each side of the Atlantic, so that the social dimension is fully taken into account; calls on the heads of the Transatlantic Labour Dialogue, the future Energy Transatlantic Dialogue and a revitalised Environmental Dialogue to be included in the group of advisers; takes the view, that their consultative role is to be differentiated from the legislative role of the US Congress and Parliament;


45. Believes, at the same time, that transatlantic economic cooperation must be made more accountable, transparent and predictable; schedules of meetings, agendas, road maps and progress reports should be published on a website;


Transport issues

46. Calls on the US Senate and the US Administration to allow the full and effective implementation of the first-stage EU-US aviation agreement and of the EU-US aviation safety agreement and to work towards a second-stage aviation agreement, in order to further develop cooperation in EU-US aviation relations;


47. Calls on the US Senate and the US Administration to avoid any measures that run counter to these objectives, such as those on foreign repair stations, anti-trust exemptions and air carrier citizenship mentioned in House Resolution 915;


48. Calls on the US authorities and the Commission to further intensify their negotiations to find balanced solutions concerning inter alia, air security needs and data protection in the field of passenger name records (PNR), reviews of security checks at airports and the more effective incorporation of measures to reduce transatlantic and international aviation impact on climate change into the Copenhagen negotiations and the ICAO agreements;


49. Reminds both the Commission and the US authorities that failure to conclude a second-stage agreement could lead to the cancellation of the first-stage agreement by some Member States, damaging the interests of both EU and US air carriers;


Enforcement of consumer protection laws, customs matters and market surveillance

50. Calls on the Commission and the Council to promote joint actions with US authorities, in particular the US Consumer Product Safety Commission, and other partners to ensure that China and other third countries raise their production standards to meet EU/US safety requirements, in particular for toys;


51. Calls on the Commission to develop stronger and more effective cross-border enforcement cooperation mechanisms, with the objective of linking the EU "RAPEX" alert system on consumer products posing a serious risk to consumers to the US Consumer Product Safety Commission alert system and coordinating the activities of the Consumer Protection Cooperation (CPC) Network with those of the US authorities;


52. Proposes that the TEC endorse the adoption of a binding cooperation instrument which would structure and facilitate the sharing of information on product safety and the development of a common programme of cooperation measures;


53. Supports the Commission's initiative to step up international cooperation by making use of the legal basis in the CPC regulation to enter into an international cooperation agreement with US enforcement authorities and by disseminating and sharing best practices;


54. Calls on the Commission to speed up its work on the much-delayed bilateral Enforcement Cooperation Agreement extending to the US its enforcement activities (information exchange, investigation and measure-taking) within the framework of the EU Consumer Protection Cooperation Regulation and the US Safe Web Act;


Mutual recognition and standardisation


55. Calls on the Commission to pursue the formal adoption of procedures for the mutual recognition of declarations of conformity for products subject to mandatory third-party testing, in particular for ICT and electrical equipment; calls on the Commission to insist on the mutual recognition of legal units of measurement, in particular the acceptance of metric-only labelling of EU products in the US;


56. Calls on the Commission to explore standardisation with US authorities with a view to coordinating policies on influencing the work of international standardisation bodies;


Social and environmental standards/corporate social responsibility

57. Supports the initiative in the US Congress to review its bilateral international trade agreements, looking for opportunities to incorporate core international social and environmental standards into them; is convinced that global imbalances must be addressed also at the level of the establishment of fair and sustainable trade relations;

58. Considers that corporate social responsibility should be fostered at the level of self-regulation as well as that of binding standards for regulating the impact of business activities when it comes to integrating social and human rights and environmental concerns into a firm's activities and interaction with its stakeholders; believes that the exchange of CSR best practice between the US and the EU will have a significant impact on the attitude of firms to CSR and on their positive engagement with social and environmental issues;


Agricultural issues and Doha


59. Points out the importance of reaching a balanced agreement in the Doha world trade negotiations in the field of agriculture, including measures to avoid further volatility of agricultural prices and food shortages; is committed to taking full account of the requirements for a successful round of trade negotiations; stresses the need to take fully into consideration the adjustments already introduced in recent CAP reforms and wishes to see similar adjustments made to the US Farm Bill;


60. Remains committed to its goal of ensuring the highest standards of product safety for EU citizens; endorses the Commission's decisions with regard to identified traces of non-approved GM products, mainly in corn and soy types, until it has assessed the safety of the respective products for health and the environment;


61. Draws attention to recent developments in previously conflicting issues, such as the hormone beef case and the authorisation of some GM products; is reassured that by means of continuous and early dialogue issues affecting trade in agricultural products can be efficiently tackled before reaching dispute-settlement bodies within the WTO;


Environmental issues and climate change

62. Supports the US efforts presented at the UN Summit on Climate Change on 22 September 2009 and the prospects for phasing out fossil fuel subsidies; welcomes the fact that the development of the US legislation will go beyond limiting beyond greenhouse gas emissions; is concerned, nevertheless, by the fact that the Senate might not adopt the legislation before next year; therefore calls on the EU and the US to cooperate closely to make the Copenhagen Conference a success, involving all relevant greenhouse gas-emitting countries and committing them to binding mid- and long-term targets;

63. Points out that the international agreement should bring about collective greenhouse gas emission reductions in the industrialised countries at the high end of the 25-40% range for 2020 as compared to 1990, as recommended by the Fourth Assessment Report by the International Panel on Climate Change (IPCC 4AR), and that those reductions should be domestic;


64. Points out that a long-term reduction target should be set for the EU and the other industrialised countries of at least 80% by 2050 as compared to 1990 levels;


65. Welcomes the efforts made by the US and China, through their Strategic and Economic Dialogue, to commit to clean energy and emission reductions;

66. Supports in principle the idea of creating an Energy Transatlantic Council, on the model of the TEC, to deal with transatlantic cooperation on regulatory, energy efficiency and energy security matters; hopes that the ETC will prove more successful than the 2000 Transatlantic Environment Dialogue;


67. Underlines the importance of an active and continuous dialogue between the EU and US in the light of the revision of current EU legislation on novel foods and the use of new technologies in food production;


68. Stresses the potential impact new technologies such as nanomaterials may have on our health and environment, as their scientific properties are so far unknown; emphasizes, therefore, the importance of acknowledging the concerns the public and consumers may have on the use of new technologies, of which the use of cloning techniques in animal breeding, and the animal welfare concerns it raises is another example;


69. Welcomes the US Administration's recognition of the need to reform its Toxic Substances Control Act (TSCA) in the near future in an effort ensure effective protection of human health and the environment against chemicals;

70. Calls on the relevant bodies in the EU and the US to cooperate so as to establish a regulatory system in the US that brings about a level of protection compatible with REACH;



Judicial and police cooperation, visa policy

71. Looks to the EU-US Ministerial meeting scheduled on 28 October 2009 in Washington DC to adopt a joint declaration on police and judicial cooperation, covering, in particular, cyber security;


72. Emphasises its determination to fight terrorism and its firm belief that security measures must not be taken at the expense of the protection of civil liberties and fundamental rights and must guarantee the highest possible degree of respect for privacy and data protection; reaffirms that necessity and proportionality are key principles without which the fight against terrorism will never be effective;


73. Believes that a sound legal and political framework is needed for strong cooperation between the EU and the US in matters related to justice, freedom and security and that a stronger partnership involving the parliamentary and democratic dimension is essential to address effectively common challenges, such as the fight against terrorism and organised crime in a manner consistent with fundamental rights and the rule of law, judicial cooperation in criminal matters and police cooperation, the management of migration and the protection of the right to seek asylum, and the promotion of visa-free movement of all bona fide citizens between the two areas; 


74. Points out, in this respect, that the European Union is based on the rule of law and that all transfers of European personal data to third countries for security purposes should respect procedural guarantees and defence rights and comply with data-protection legislation at national and European level;


75. Points out that, within the transatlantic framework of the EU-US agreement on legal assistance, which will enter into force on 1 January 2010, Article 4 provides for access to be granted to targeted financial data upon request, through national state authorities, and that this might constitute a sounder legal basis for the transfer of SWIFT data than the proposed interim agreement;


76. Notes that an interim agreement for the transfer of such data is being negotiated between the EU and the US and established for an intermediate period through a sunset clause not exceeding 12 months, and that a new agreement, negotiated without prejudice to the procedure to be followed under the Lisbon Treaty, will have to fully involve the European Parliament and national parliaments and comply with the conditions set out in paragraph 3 of its resolution of 17 September 2009;

77. Welcomes the recent extension of the visa waiver programme to another seven EU Member States; however, urges the US to lift the visa regime for the remaining Member States and to treat all EU citizens equally and on the basis of full reciprocity; is concerned about the planned introduction of administrative fees for the issuing of the ESTA authorisation to EU citizens and asks the Commission to treat this as a priority matter with the US Administration;


Development and MDGs


78. Welcomes the reaffirmed commitment to achieve the Millennium Development Goals and to honour ODA pledges; calls on both partners to honour their commitment to spend 0.7% of their GDP on development cooperation;

79. Stresses that developing countries did not cause the global financial and economic crisis, but are disproportionally affected by it, facing dramatically decelerating growth and employment, negative impact on their balance of trade and balance of payments, a sharp reduction in net private capital inflows and foreign direct investment, reduced access to credit and trade financing, declining remittances, large and volatile movements in exchange rates, collapsing reserves, increased volatility and falling prices for primary commodities, as well as reduced revenues from tourism; urges the transatlantic partners to recognise their responsibility for this situation;


80. Welcomes the commitment to conclude a balanced Doha Development Round and the clear deadline of 2010 set by the G20 Summit; calls on leaders not to forget the ultimate development goal of this round when meeting for the WTO Ministerial Conference in Geneva in late November 2009;

Institutional framework

81. Underlines that the current momentum should also be used to improve and renew the framework for the transatlantic relationship; insists on the need to replace the existing NTA of 1995 with a new Transatlantic Partnership Agreement; considers that the negotiation of the new agreement should commence once the Lisbon Treaty comes into force, so that it may be completed before 2012;

82. Believes that the Transatlantic Legislators' Dialogue (TLD) between it and the US Congress has already made a significant contribution towards greater mutual understanding on many matters of common concern, including those linked to economic relations and international trade; calls for mutual cooperation to be stepped up at UN level and for specific working structures to be created to that end;

83. Believes that these are issues of a substantive nature and that national parliamentarians should be kept informed on a regular basis of developments in relation thereto; calls on its President to ensure that a mechanism is established to that end;

84. Reaffirms that the new agreement could upgrade the current TLD into a transatlantic inter-parliamentary assembly, in line with recommendations made in its resolution of 26 March 2009;

85. Hopes that the Transatlantic Labour Dialogue will play a greater role in the near future in discussions as to how policy-makers could best respond to the challenges of rapidly rising unemployment and to the structural change caused by the financial crisis;

86. Instructs its President to forward this resolution to the Council, the Commission, the governments and parliaments of the Member States and the President and Congress of the United States of America.

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