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280 organisations from Europe, Canada and the US denounce the inclusion of investors’ rights in TTIP

category international | rights, freedoms and repression | press release author Monday February 22, 2016 11:36author 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.
ttip_letter_screenshot.jpg

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.

The key concerns that led 145.000 respondents to say no to ISDS in TTIP during the European Commission consultation[i] remain intact under ICS:



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.
https://sites.google.com/site/euttip/Statement_ISDS_ICS...l.pdf

[i] http://trade.ec.europa.eu/consultations/index.cfm?consu...d=179

[ii] https://www.citizen.org/documents/EU-ISDS-liability.pdf

PDF Document statement_isds_ics_engl.pdf 0.14 Mb


Comments (1 of 1)

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author by @Damokklespublication date Sat Feb 20, 2016 10:27author address author phone

The Transatlantic Trade and Investment Partnership (TTIP)
The TPP has now been released in the US, is this something that is going to come to us too ?

Related Link: https://ustr.gov/trade-agreements/free-trade-agreements/trans-pacific-partnership/TPP-Full-Text

http://www.indymedia.ie/article/105721

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