TTIP trade deal news update

This 2014 video is called TTIP: A Wolf In Sheeps Clothing.

By James Tweedie in Britain:

MEPs back TTIP without hated secret court clause

Friday 29th May 2015

Charity War on Want calls left-right compromise ‘a betrayal of Europe’s workers

by James Tweedie

THE European Union’s parliamentary trade committee agreed a resolution yesterday backing the TTIP trade deal, as long as the controversial investor-state dispute settlement (ISDS) clause is removed.

The Socialists and Democrats (S&D) bloc, which includes the British Labour Party, reached a compromise with the conservative European People’s Party (EPP) to remove ISDS from the proposed Transatlantic Trade and Investment Partnership (TTIP) between the EU and the US.

ISDS would allow foreign companies to sue elected governments for loss of profits — even hypothetical losses blamed on government policy restrictions.

Instead the committee accepted EU trade commissioner Cecilia Malmstrom’s “permanent solution” to have disputes adjudicated by appointed judges in public hearings with an appeals mechanism, under the jurisdiction of the EU and its member states.

The resolution will be voted upon next month.

But anti-poverty campaign War on Want (Wow) accused centre-left MEPs of outright betrayal of the European people.

“Millions of people across Europe have said no to TTIP in the strongest trade campaign we have ever seen,” said Wow executive director John Hilary.

“Yet MEPs have turned their backs on their own constituents, choosing instead to side with the business lobbyists of Brussels.”

While the European parliament is not directly involved in negotiating the treaty, it has the power to veto any EU trade deal. Critics say that TTIP strips away sovereign powers and obliges governments to show how their policies will affect business. Negotiations have been conducted in secret.

There have been several well-publicised cases of companies suing states over laws protecting public health and the environment under the ISDS clause of the 1994 North American Free Trade Agreement.

See also here.

BRITAIN and the rest of Europe will be open to a flood of substandard medicines with severe side effects if EU-US trade deal TTIP is signed, general union GMB said yesterday: here.

TWO MILLION people from across Europe have unequivocally told EU bigwigs to scrap shadowy US-EU free trade deal TTIP. The self-organised European Citizens’ Initiative passed the record mark — double the number required to compel the European Parliament to debate the deal, had eurocrats not blocked the petition — as MEPs are due to vote on a resolution on the Transatlantic Trade and Investment Partnership tomorrow: here.

TRADE DEAL TO COME TO A VOTE FRIDAY While President Obama and his GOP allies “appear poised to earn a significant victory” on the fast-track trade deal, new details about the deal’s language surrounding Medicare and climate change bring a fresh round of scrutiny to the controversial legislation. [Laura Barron-Lopez, HuffPost]

TTIP: Here’s why MEPs have been protesting it, and why you should too. Despite all consultations on the huge trade deal being secret, 92 per cent of those involved have been corporate lobbyists: here.

GOVERNMENTS could be powerless to stop transnational corporations shunting workers across the globe without employment rights under secretive trade deal Tisa, the GMB congress heard yesterday. The Trade in Services Agreement, the details of which were unveiled last week by WikiLeaks, is a pact between 52 countries including the US, the EU, Japan and Israel: here.

JUDGEMENT DAY FOR OBAMA’S TRADE DEAL Democrats are expected to launch an 11th hour revolt against the controversial trade framework being pushed by the White House. And here’s a great refresher on what the trade deal that Harry Reid calls “insanity” is all about. [Laura Barron-Lopez, HuffPost]

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