Negotiations on the Transatlantic Trade and Investment Partnership (TTIP) are currently underway while opposition to the trade deal is growing not only within European Parliament but also within national Parliaments.
The Business, Innovation and Skills Committee at the House of Commons in the UK released a report asking for an evidence-based approach to be put at the heart of any TTIP debate given the low quantity and quality of the information provided on TTIP both by those on favour of it and those who are campaigning against it. The report presents the results of an inquiry conducted by the Committee to shed light on those areas of specific interests to the wider public, namely the reported benefits and risks to the UK, the impact on public services and the proposals to include Investor-State Dispute Settlement (ISDS) clauses in trade agreements. Concerning the former, should ISDS provisions to be included in the TTIP, the Committee asks for the inclusion of clauses to dismiss “frivolous claims” and the exclusion of any clauses which would require the State to pay in all outcomes and a presumption that the loser should pay. Further, the Committee deems as necessary the inclusion of a statement the right to regulate by sovereign nations take precedence over an investors right to invest.
The full report is avaible here.
(Fabrizio Di Mascio)