The European Parliament (EP) has voted to approve the Juncker Commission with 423 out of 699 voting in favour, 209 against and 67 abstaining, the newly appointed European Commission will take office next month.
The initial nominations proposed by Junker received mixed responses, leading to a reshuffle of some appointments and repeated cross-examinations of individual candidates.
In a speech in front of the EP, Juncker addressed some of the key challenges facing the new Commission committing to bridge the current investment gap: “I intend to present an ambitious €300 billion Investment package for Jobs, Growth and Competitiveness,” he said.
With regard to the controversial Investor State Dispute Settlement (ISDS) clause to the Transatlantic Trade and Investment Partnership (TTIP), he stressed: “My Commission will not accept that the jurisdiction of courts in the EU Member States be limited by special regimes for investor-to-state disputes.”
“I have asked Frans Timmermans, in his role as first vice-president in charge of the Rule of Law and the Charter of Fundamental Rights, to advise me on the matter. There will be no investor-to-state dispute clause in TTIP if Frans does not agree with it too,” he emphasised.