Sinn Féin reiterates opposition to Transatlantic Trade and Investment Partnership- Lynn Boylan MEP
Sinn Féin Dublin MEP Lynn Boylan has today called on the government MEPs to rethink their support for Transatlantic Trade and Investment Partnership (TTIP).
Speaking today Lynn Boylan said:
“Irish MEPs need to be on the right side of this issue. Sinn Féin has made it clear it will not support the inclusion of the Investor State Dispute Settlement mechanism (ISDS) in TTIP, with the French, German and British governments also echoing this sentiment.
The ISDS mechanism would allow multi-national companies to take legal action against Ireland if our legislation has a negative impact on their economic activity. The clause would in effect trample on the sovereign rights of Member States as it means that unelected transnational corporations can question, challenge and ultimately dictate the policies of democratically elected governments.
TTIP is bad for workers; the EU itself has admitted that TTIP will probably cause unemployment in some sectors, which will only add to the woes of the unemployed in Europe especially young people.
It’s bad for the environment and will dilute our food safety standards. The agreement aims to align EU standards on food safety and the environment closer to those of the US. What is alarming about this move is that 70% of all processed foods sold in US supermarkets contain genetically modified ingredients.
Elements of TTIP is seeping into other European legislation, for example the proposed legislation on genetically modified organism (GMO) cultivation from the Council tries to place biotech companies on an equal footing with democratically elected governments, when it comes decisions made on imposing a national ban on a GM crop.
Disagreement over the ISDS clause has caused negotiations on TTIP to stall and we should use this time to reflect on the consequences of implementing such a flawed deal and its impact on Ireland’s economy.”