The European Commission wants the new Investment Court System (ICS) in the Transatlantic Trade and Investment Partnership (TTIP) to be co-financed from the EU budget only, Mauro Petriccione, Deputy Director-General at DG Trade has told MEPs.
Campaigners gathered outside a secret court in central London on Friday to protest against a controversial EU-Canada trade deal that will empower corporations to sue the British government.
The European Commission has published its investor-to-state dispute settlement (ISDS) reform proposal for the EU-US trade agreement under negotiation (TTIP), which institutionalises discrimination.
Visant à rendre l’ISDS acceptable, les modifications de forme proposées menacent d’étendre considérablement le champ de cette justice aux services des multinationales
Visant à rendre l’ISDS acceptable, les modifications de forme proposées menacent d’étendre considérablement le champ de cette justice aux services des multinationales
According to EU Commissioner for Trade Cecilia Malmström, "no direct relationship" can be seen between the controversial arbitration tribunals in the draft EU-US trade agreement and increased investment, adding fuel to its critics’ fires.
The European Commission will not ask EU judges to decide on the legality of the investor-state dispute settlement (ISDS) mechanism in free trade agreements.
The excitement over the mad dash to finish TPP — and the failure to do so — has rather obscured the other so-called trade deals currently being negotiated, such as TAFTA/TTIP and the one between the EU and Canada, CETA.