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280 organisations from Europe, Canada and the US denounce the inclusion of investors’ rights in TTIP
international | rights, freedoms and repression | press release Monday February 22, 2016 11:36 by Stop TTIP - Stop TTIP Ireland
Stop TTIP Ireland - Press Release - 22nd Feb 2016
Monday 22nd February, 2016 – Ahead of the 12th round of TTIP negotiations, 280 civil society organisations from across Europe, with the support of US and Canadian groups, have called on the European Commission and the United States Trade Representative to eliminate the Investor State Dispute Mechanism (ISDS) and its so-called replacement, the Investor Court System (ICS), from the TTIP, CETA and all other trade agreements. The issue comes back to the negotiating table after a two-year impasse.
The signatories of this statement condemn the European Commission’s ‘re-branding’ of the old ISDS system. The right to regulate, for example, still leaves massive potential to penalise national governments for legislation intended to protect public health, the environment and society.
Crucially, the new proposal is worse than the current practice of the member states' stand-alone investment treaties from which it is possible to withdraw: both the EU and Member States (MS) would be locked into the TTIP and CETA unless they decide to leave the European Union.
If signed, ISDS in TTIP would newly empower over 47.000 companies (compared to around 4,500 today) to launch ISDS attacks on European policies and government actions[ii].
Statement against TTIP, Ceta and other deals can be found here or see the attached PDF below.
statement_isds_ics_engl.pdf 0.14 Mb