Wikipedia describes the TTIP as a proposed free trade agreement between the European Union and the United States. Proponents say the agreement would result in multilateral economic growth,while critics say it would increase corporate power and make it more difficult for governments to regulate markets for public benefit. Read more here.
There are many concerns regarding the impact the TTIP may have on our daily lives. Clare Moody our Labour MEP has provided an update on the TTIP negotiations at the European Parliament. Our former Chair and Agent Paul Dunn wanted to share this update. Clare’s letter follows below.
08 July 2015
I have received many emails about TTIP and am keen to keep correspondents updated. Please excuse this rather impersonal message. There were important votes in the July plenary session in the European Parliament this week, and as a constituent who has written to me on this topic, I thought you might appreciate an update.
As you know the European Parliament is in the process of adopting a resolution on the ongoing negotiations for the Transatlantic Trade and Investment Partnership (TTIP). The European Parliament has no formal power while trade negotiations are ongoing, but it has the power to veto any trade deal once negotiations are concluded. In order to influence the TTIP negotiations at this stage, Labour MEPs have been pushing the European Parliament to adopt a text setting out clearly what we want to see in the final agreement and what we will reject. This is one of the most significant means at our disposal to ensure that TTIP negotiators take the public’s concerns into account
Like many of my constituents, I am very concerned about two particular issues:
Investor State Dispute Settlement (ISDS)
ISDS is a dangerous system that gives greater rights to foreign investors over domestic investors. It has the potential to undermine our democratic law-making. Labour MEPs have taken a strong stance against the inclusion of ISDS in TTIP. Since we have developed and mature legal systems in both the EU and the US, there is simply no justification to have any kind of separate system in TTIP for investors.
We have consistently refused any kind of ISDS in TTIP, and have been putting pressure on the TTIP negotiators to drop their plan to include it. Therefore Labour MEPs have consistently voted against ISDS.
The exclusion of public services from any TTIP
There was also an amendment tabled by conservative MEPs to weaken a Labour amendment at the Strasbourg session. We had managed to introduce a strong paragraph calling for a full exclusion of all public services from TTIP, then conservative MEPs tried to remove a crucial element of this paragraph.
I was not prepared to accept this. Labour MEPs will not accept TTIP if it endangers in any way our public services, and we have made it clear that we will vote against the final deal if this is case. We therefore decided that we will vote against the European Parliament resolution if this conservative amendment is adopted.
I try to keep my website updated with developments, so please visit http://www.claremoodymep.com/tags/ttip
Please let me know if I can be of further assistance.
With best wishes
Labour MEP for the South West and Gibraltar
Twitter @ClareMoodyMEP Facebook: ClareMoodyMEP