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Home»Investment»EU report recognizes need for port investment
Investment

EU report recognizes need for port investment

The Elite Times TeamBy The Elite Times TeamJanuary 18, 2024No Comments3 Mins Read
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The European Parliament formally adopted Berendsen Reportan independent report on “Developing a comprehensive European ports strategy” (585 votes in favor, 21 votes against, 26 abstentions).

of European Sea Ports Organization (ESPO) welcomed support for the strategic and important role that European ports play for European societies and economies. ESPO supports Parliament’s appeal for further harmonization of measures to strengthen the resilience and protection of Europe’s critical infrastructure, including ports. The port looks forward to proposals to review current regulations. foreign direct investment regulationsscheduled for release next week.

For ESPO, this review is an important step for all EU member states to apply for external It should be mandatory to introduce a direct investment screening system and to conduct screening in a more harmonized manner. . ESPO welcomes this report’s increased emphasis on the importance of this. Stable investment environment Predictability in investment valuation.

ESPO further welcomes the Parliament’s focus on putting the competitiveness of Europe’s ports at the forefront.Congress seeks support for development hydrogen infrastructure Efforts will be made to speed up permit procedures at ports. It also calls for avoiding carbon and business leakage, avoiding undue administrative burdens, strengthening hinterland connectivity with ports and providing a dedicated port envelope under the European Connectivity Facility. There is.

Overall, ESPO believes that this report should pave the way for approaches that ensure a fair balance between strengthening Europe’s security and competitiveness on the one hand and security and security on the other. I believe that. Open trade and attractive investment environment On the other hand, the resilience of strong supply chains, which are essential to Europe’s societies and economies.

Isabelle Rickbost, ESPO Director General“This Congressional report is a powerful document. It comes at the right time.”

Initially, the first committee draft of the EU Ports Strategy proposed protectionist measures that, if implemented, would limit the EU’s opportunities to foster global trading partnerships. said the shipowners group. denmark shipping He expressed satisfaction that MEPs had revised their initiative report, shifting the focus from the initial protectionist measures to emphasizing the important role of Europe’s ports.

The first proposed strategy would have called for ending free competition by restricting the ability of non-EU shipping companies to move goods within the EU. This could potentially lead to similar efforts in other parts of the world, which could ultimately have a negative impact on society. european shipping companies We operate and compete globally.

MEP Bergl Lokke Rasmussen It played an important role in steering the strategic document away from the potential negative effects of protectionism.

“The EU should be careful not to lean in the following direction.” protectionist measures. “If the EU asserts its regional policy, it could provoke retaliatory actions from countries other than China, such as ASEAN, Oceania, South America and other countries in the region,” Rasmussen said.

“The European Union should accept and not hinder trade from all corners of the world. Our shipping companies rely heavily on the principles of free trade and unrestricted access to ports around the world. I am pleased that, as a result, the harmful protectionist measures originally proposed in the first draft strategy have been removed.” Jacob K. Clasen, Deputy CEO, Danish Shipping.

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