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ISDS

Here’s a new development in the saga of the Transatlantic Trade and Investment Partnership (TTIP) and its iniquitous “Investor-State Dispute Settlement”. It’s happening tomorrow and – as usual – there has been very little publicity.

Let’s hand you over to someone who knows about it:

“On Wednesday, the European Parliament will vote on a political resolution, which will represent its position on the free trade agreement with the United States (TTIP).

“One point is particularly concerning in the European Parliament debate: it is the controversial investor-state dispute settlement (ISDS), which will allow companies to attack states before private justice courts if they think legislation will undermine their profits and interests.

“Convinced that this mechanism challenges European democracies, a group of over 130 MEPs from different political groups (EPP, Social Democrats, Greens, EFDD, GUE) have proposed the following amendment (Amendment 27):

“Ensure that foreign investors are not discriminated against and have equal treatment in their efforts to seek and obtain compensation, without them enjoy greater rights than those granted to national investors;
oppose the inclusion of a dispute settlement mechanism between investors and states (ISDS) in TTIP, as there are other options to ensure the protection of investments, including domestic remedies;”

“The vote on this amendment will be tight. But you can help us. Ask your Members in the European Parliament to support Amendment 27 and to say no to ISDS in TTIP.”

The site then goes on to show which UK MEPs have already indicated they will support the amendment, and provides a list of undecided MEPs with links to their twitter accounts so you can tweet them.

If you don’t know the names of your MEPs, or don’t have a Twitter account, you may be better off looking up their names and contact details on the European Parliament’s website.

There isn’t much time so please pass on this information to as many people as you believe will be interested.

Follow me on Twitter: @MidWalesMike

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