No C 211/44 Official Journal of the European Communities 8. 8. 83 
Reasons 
A reference to the NIEO goal and the commitment made on this introduces an element of con­
tinuity and credibility in international and intergovernmental discussions. 
NIEO provides a general reference framework for present and future negotiations and proposals 
on specific issues. 
This goal has been approved and supported on several occasions by all UN member States and 
has never been repudiated. 
It is therefore appropriate to introduce a wording which has so much meaning both politically 
and economically. 
Voting: 
For: 34, against: 38, abstentions: 1. 
End of point 2, add: 
'The Committee recognizes the impact of products and services from the industrialized 
world on social, economic and cultural life in developing countries. It therefore emphasizes 
the need for special care in evaluating the role of those corporations who are powerful but 
may also be irresponsible.' 
Voting: 
For: 26, against: 33, abstentions: 23. 
Opinion on the proposal for a Council Decision implementing Decision ... empowering 
the Commission to borrow under the new Community instrument for the purpose of 
promoting investment within the Community 
A. LEGAL BASIS FOR THE OPINION 
On 28 February 1983 the Council referred the abovementioned proposal to the Econo­
mic and Social Committee in accordance with Articles 235 and 198 of the Treaty 
establishing the European Economic Community. 
B. OPINION OF THE ECONOMIC AND SOCIAL COMMITTEE 
The Economic and Social Committee prepared its opinion on the above matter at its 
208th plenary session held in Brussels on 1 and 2 June 1983. 
The full text of the opinion is as follows: 
8. 8. 83 Official Journal of the European Communities No C 211/45 
THE ECONOMIC AND SOCIAL COMMITTEE, 
Having regard to the Treaty establishing the Euro­
pean Economic Community, and in particular Arti­
cles 198 and 235 thereof, 
Having regard to the letter of 23 March 1983 in 
which the Council of the European Communities 
asked the ESC for an opinion on the proposal for a 
Council Decision implementing Decision 
... empowering the Commission to borrow 
under the new Community instrument for the pur­
pose of promoting investment within the Com­
munity, 
Having regard to the decision taken by its Bureau 
on 22 March 1983 instructing the Section for Econo­
mic and Financial Questions to prepare an opinion 
on the matter; 
Having regard to its opinion of 26 January 1983 on 
the proposal for a Council Decision empowering the 
Commission to contract loans under the new Com­
munity instrument for the purpose of promoting 
investment within the Community ('), 
Having regard to the oral report of the rapporteur, 
Mr Rouzier, 
Having regard to the opinion adopted by the Sec­
tion for Economic and Financial Questions at its 
77th meeting held on 17 May 1983, 
Having regard to the discussions at its meeting on 1 
June 1983 (208th plenary session of 1 and 2 June 
1983); 
HAS ADOPTED THE FOLLOWING OPINION 
unanimously: 
(') OJ No C 77, 21. 3. 1983. 1. The Committee recalls that its opinion of 26 
January 1983 approved the principle of continuing 
and extending the activities of the new Community 
instrument (NCI). Subject to certain comments, it 
also approved the general guidelines proposed by 
the Commission, i.e. to finance investment projects 
which assist the convergence and integration of 
Member States' economic policies, and the attain­
ment of the Community's prime objectives in the 
fields of energy, industry and infrastructure, bearing 
in mind the impact on the regions and the fight 
against unemployment. 
2. The Committee approves the proposal to 
authorize an initial tranche of NCI III loans totall­
ing 1 500 million ECU. But it would like to make a 
number of remarks which it considers to be impor­
tant and which follow on from the opinion of 26 
January 1983. 
3. The Committee would point out that the ESC 
wished to be consulted, in the same way as the 
European Parliament, before the allocation of each 
new loan tranche and on any specific guidelines for 
the sum's destination. It is pleased to note the con­
sultation which took place before the assignment of 
the first NCI III tranche. 
4. The Committee feels that the NCI must comple­
ment all other forms of financing, and not just the 
other financial instruments of the Community. It 
must not compete with such instruments, either at 
the objectives or the implementation stage. 
5. The Committee notes that the loans granted as 
part of the first two tranches of NCI I went mainly 
to large firms and big public sector investors (infra­
structure and energy) in a small number of coun­
tries. It would point out that it agreed to the NCI's 
scope being extended to all productive sectors, 
while stressing the need to continue support for pro­
jects assisting the creation of jobs by small firms 
throughout the Community. Moreover. NCI loans 
ought to go to investment projects in sectors where 
production and the number of jobs were likely to 
grow and where the Community could withstand 
international competition. Such projects should 
really help the coordination of industrial policies 
and the re-industrialization of regions in difficulty, 
and provide new jobs. The Committee would like to 
mention these priorities here because they are not 
included in Article 2 of the new draft decision, 
which is intended to spell out NCI targets. 
No C 211/46 Official Journal of the European Communities 8. 8. 83 
6. The Committee would like NCI aims and prior­
ities to be reviewed regularly by the ESC and the 
European Parliament, so that account can be taken of economic and social trends. This could be done 
either when the NCI annual report comes out or 
when a new tranche is allocated. 
Done at Brussels, 1 June 1983. 
The Chairman 
of the Economic and Social Committee 
Francois CEYRAC 
Opinion on the proposal for a Council Regulation concerning the indication of the origin 
of certain textile products imported from third countries 
The text referred to the Committee has been published in Official Journal of the Euro­
pean Communities No C 93 of 14 April 1982. 
A. LEGAL BASIS FOR THE OPINION 
On 29 January 1982 the Council referred the abovementioned proposal to the Econo­
mic and Social Committee in accordance with Article 198 of the Treaty establishing 
the European Economic Community. 
B. OPINION OF THE ECONOMIC AND SOCIAL COMMITTEE 
The Economic and Social Committee prepared its opinion on the above matter at its 
208th plenary session held in Brussels on 1 and 2 June 1983. 
The full text of the opinion is as follows: 
THE ECONOMIC AND SOCIAL COMMITTEE, 
Having regard to the Treaty establishing the Euro­
pean Economic Community, and in particular 
Article 198 thereof, 
Having regard to the request made by the Council 
of the European Communities on 29 January 1982 
for an opinion on the proposal for a Council Regu­
lation concerning the indication of the origin of cer­
tain textile products imported from third countries, 
Having regard to the decision taken by its Bureau 
on 26 January 1982, instructing the Section for 
Industry, Commerce, Crafts and Services to draw up 
an opinion and report on the matter, tioh for Industry to make a further study of the mat­
ter, 
Having regard to its opinion on the proposal for a 
Council Directive on the approximation of laws of 
the Member States relating to the indication of the 
origin of certain textile and clothing products ('), 
Having regard to the opinion adopted by the Sec­
tion for Industry, Commerce, Crafts and Services 
and 4 May 1983, 
Having regard to the oral report made by the rap­
porteur, Mr De Bruyn, 
Having regard to the discussions on 2 June 1983, 
during its 208th plenary session held on 1 and 
2 June 1983. 
Having regard to its decision, at its 203rd plenary 
session of 15 and 16 December 1982 asking the Sec- (') OJ No C 185, 27. 7. 1981.