close

policy

We would like to invite you to continue a survey you have started. ...

Do you trust your insurer ?

Strongly agree
Agree
Disagree
Strongly disagree
Insurance provides peace of mind
Insurance is purchased only when compulsory
Terms and Conditions (small print) are clear and easily accessible
Insurance jargon (language) stands in the way of fully understanding each policy
Insurance companies try their best to uphold the details of the policy without cutting corners
Reducing risk, cutting costs and profits are more important to an insurance company than the customer
Insurance companies in the region are as professional as in other more developed markets
Gender
Age group
Do you feel your insurance provider works in your interest?
Have you had a rejected claim that you feel was not justified?
Do you trust your insurance provider?
Our Network

Register for our free newsletter

 
 
Latest News

Rising foreign investment fuels EU vetting debate

Rising foreign investment fuels EU vetting debate

Top EU officials request committee to vet foreign bids; EU states, diplomats indicate they will oppose plan; Emerging southern economies gain weight on FDI stage.

0

March 9, 2011 12:17 by



RATTLED

French President Nicolas Sarkozy has aruged that the EU should not be naive on trade and investment and should demand reciprocal rights for its own firms. EU officials are debating whether to make access to lucrative EU public works contracts conditional on reciprocal openings by countries such as China, India and Russia.

EU industry was rattled last year when Chinese firm Xinmao beat all EU offers for Dutch cable maker Draka, prompting fears that the bid — and others in Europe’s high-tech sector — might be backed by state funds.

Although Xinmao eventually withdrew its offer, the incident highlighted Europe’s diverging approaches to foreign investment.

An EU committee could forge a single approach and integrate existing EU rules on general and energy-related acquisitions, Tajani and Barnier’s letter says, according to sources.

EU officials confirm Barroso received the letter and say it will be discussed later this month. But trade experts see it as a dangerous precedent that could be protectionist.

A British government source told Reuters that London would oppose tighter controls, and retailers are also sceptical.

“The idea of assessing investment is a dangerous premise because investment is a market phenomenon,” said Jacques Pelkmans, director of economics at the College of Europe in Bruges. “A marginal check may be necessary if a sovereign wealth fund that’s not transparent or that’s politically motivated invests in sensitive areas. But overall I would have to see a good, serious proposal giving evidence why this is necessary.”



Pages: 1 2 3

0

Tags: , , , , , , ,

Leave a Comment