The EU Integration Committee rejected the draft Parliamentary Resolution on Promotion of Occupation of Georgian Territories in International Agenda

16 Sep 2019
The EU Integration Committee rejected the draft Parliamentary Resolution on Promotion of Occupation of Georgian Territories in International Agenda

The EU Integration Committee rejected the draft Parliamentary Resolution on Promotion of Occupation of Georgian Territories in International Agenda initiated by MPs Sergi Kapanadze and Giorgi Kandelaki. S. Kapanadze introduced the essence of the draft:

  • Withdrawal of the occupational forces from the occupied territories of Georgia and implementation of the request on fulfillment of the cease-fire agreement achieved by virtue of the EU in 2008 to be included in the requirements of various sanctions imposed by the EU and the USA to Russian Federation;
  • Enrollment of Otkhozoria-Tatunashvili Act in the personal sanctions imposed by EU and the USA to Russian Federation;
  • Establishment of the sanctions by EU and the USA to every company conducting their economic activity, for instance leasing of the property deprived from the victims of the ethnic cleansing, on the occupied territories of Georgia.

With this Resolution, we cherish the goal for the Parliament to express the strongest declarative position, declare own position to ensure promotion of occupation of Georgia at the foreign political theatre and for the Government to make effective steps in this direction”, - S. Kapanadze noted. “We cross the fragile bridge and every responsible authority presumes that no additional impediments are to be created on this rocky path”, - the Chair of the Committee declared.

This political step will not be tangible but will serve as a declarative statement solely. “Our goal and the starting point is to at maximal extent protect and ensure the interests of the society, which implies further progress and development of the country. And progress and development exactly serve as the precondition to become the guarantee for foreign objectives. We prefer to direct our efforts to the outcomes making Russia instead of our society and the population to pay the price for its aggressive actions against Georgia”, - Tamar Khulordava noted.

The Committee discussed the bill on Encouragement of Production and Use of Energy from Renewable Sources, introduced by Deputy Economic Minister, David Tvalabeishvili.

The Agreement between Georgia on the one hand, and EU and European Atomic Energy Community and its member states on the other hand envisages approximation of Georgian legislation with EU requirements, aiming at formation of the competitive market in energy sphere.

The bill aims at creation of the legal basis for facilitation, encouragement and application of the energy produced from renewable sources and at definition of the mandatory target indices for the total share of the renewable energy to end use of energy and the transport sector.

The bill mostly aims at reduction of import-dependence by using the maximal application of local resources.

The Committee discussed the bill on Financial Lien, Mutual Deduction and Derivatives introduced by the Vice-President of the National Bank, Archil Mestvirishvili.

The bill is entailed with necessity to facilitate capital and financial market development. The bill establishes the legal descriptions in the law, namely the new definitions of derivative, qualified financial agreement, mutual deduction of derivative deals, final mutual deduction, financial lien and financial instruments; the bill dissociates 2 types of financial lien – delegation of property and financial securement.

The bill defines the financial instruments, loan requirements and amount accruable to the account as the subject of the financial lien. The bill concerns formal lawfulness of derivatives and entitles the parties selecting the applicable law. The bill sets the reservation regarding enforcement of qualified financial agreements and envisages change of the price of the financial lien subject.

The reporter also answered the questions.

Gallery

  • The EU Integration Committee rejected the draft Parliamentary Resolution on Promotion of Occupation of Georgian Territories in International Agenda, September 16, 2019
  • The EU Integration Committee rejected the draft Parliamentary Resolution on Promotion of Occupation of Georgian Territories in International Agenda, September 16, 2019
  • The EU Integration Committee rejected the draft Parliamentary Resolution on Promotion of Occupation of Georgian Territories in International Agenda, September 16, 2019
  • The EU Integration Committee rejected the draft Parliamentary Resolution on Promotion of Occupation of Georgian Territories in International Agenda, September 16, 2019
  • The EU Integration Committee rejected the draft Parliamentary Resolution on Promotion of Occupation of Georgian Territories in International Agenda, September 16, 2019
  • The EU Integration Committee rejected the draft Parliamentary Resolution on Promotion of Occupation of Georgian Territories in International Agenda, September 16, 2019
  • The EU Integration Committee rejected the draft Parliamentary Resolution on Promotion of Occupation of Georgian Territories in International Agenda, September 16, 2019