B. whereas the European Union`s stock of foreign investment in China stood at 102 billion euros in 2011, while China`s stock of foreign investment in the EU stood at 15 billion euros in the same year; whereas in 2006 China`s stock of foreign investment in the EU was only 3.5 billion euros; If the repair has been tolerated as part of a service contract, see point 2.7. In early fall, both the City and the Union expressed optimism about a contract agreement. 19. Notes that the Investment Protection Agreement should include clear definitions of the investment to be protected and the investor and that purely speculative forms of investment should not be protected; 32. Underlines that the future agreement contains provisions on the transparency and governance of state-owned enterprises and sovereign wealth funds, based on the Santiago principles adopted under the aegis of the IMF, and establishes the principles governing the governance and institutional structure of sovereign wealth funds and the transparency of their investment strategies; 37. Considers that the agreement must contain a provision which stipulates that all investors are required to fully respect the right of the host party at the local, regional, national and, if necessary, supranational levels, and that investors who do not respect the rule of law are subject to civil actions for liability in the judicial proceedings of the competent court for illegal acts or decisions relating to the investment. , especially where these acts or decisions result in significant environmental damage, personal injury or loss of life; 33. Reiterates calls for an effective clause on corporate social responsibility, in line with the UNITED Nations economic and human rights guidelines; reaffirms that investors should apply the ILO`s tripartite declaration on multinational enterprises and social policy and OECD guidelines for multinational enterprises, as well as specific international or sectoral standards for good governance, if any; calls for binding social and environmental clauses to be part of a full-fledged chapter of sustainable development under a dispute resolution mechanism; calls on both sides to implement a sustainable and inclusive investment strategy, including a clause on corporate social responsibility, with concrete guidance for investors, as well as an effective evaluation method for the authorities that monitor the resulting investments in terms of social and environmental impact; The sector now needs contractual agreements with European companies and attracting foreign investment. E. whereas despite a 10% increase in labour costs per year in recent years, China remains one of the three largest investment markets in the world; October 2009, after missing the first four games of the regular season. 45. Also considers that the agreement should contain provisions relating to the out-of-court settlement of disputes in order to promote a speedy, affordable and amicable settlement of disputes between parties who freely decide to use them; 34.
Stresses that the agreement must require Chinese investors in the European Union to comply with European social norms and social dialogue agreements; Given that hotel management and unions have so far differed on several issues, the two parties should not quickly reach a contract agreement. 41. Is deeply concerned about the way in which it gives international arbitrators discretion in interpreting a full interpretation of investor protection clauses, which leads to the consideration of legitimate public rules; requests that arbitrators appointed by litigants be independent and impartial and that arbitration be followed by a code of conduct based on rules set out by the United Nations International Trade Law Commission (UNODC), those of the International Centre for the Settlement of Investment Disputes (ICDI) or