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Investor-State dispute mechanism not in British national interest - William Dartmouth MEP
Date 05/10/2015 19:18  Author webmaster  Hits 1033  Language Global
Trans-Pacific Partnership (TPP) agreement includes controversial Investor-State dispute mechanism. Sends out dangerous signal on TTIP.

Press Release

William Dartmouth MEP and UKIP trade spokesman commented:
 
"The inclusion of Investor-State Dispute Settlement (ISDS) mechanism in TTP shows the intent of the negotiators for the Transatlantic Trade and Investment Partnership (TTIP). It is not one that is in the British national interest. ISDS will allow for big companies to sue national governments, and that it has been included in TPP sends out a dangerous signal of intent.
 
"The corporatist trade agreement on offer between the US and the EU gives multinational corporations an unfair advantage over consumers, workers, patients and SMEs. The ISDS mechanism allows corporates to sue states in private arbitration courts. This undermines national courts and national legal systems. This is completely unacceptable."


"After the European Parliament and Commission have approved TTIP and with the British Government unwilling to act, the only way the British public can escape TTIP and ISDS is to leave the European Union."
 
Related:
TPP deal: Pacific countries agree to historic trade pact
www.ukip.org
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