Strasbourg, 12/05/2011 (Agence Europe) - While urging the replacement of bilateral investment treaties (BITs) with EU-wide agreements, the European Parliament wants to reduce the European Commission's power to re-examine and withdraw authorisation from member states being able to conclude these bilateral investment treaties.
The current legal framework for bilateral investment treaties (BITs) consists of more than 1,200 BITs between the EU27 and third countries. Since the entry into force...