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European Commission Consultation Report shows 97% oppose ISDS mechanism in trade deal – Carthy

13 January, 2015 - by Matt Carthy MEP


Commenting today on the Report published by the European Commission on the online consultation on investment protection and Investor to state dispute settlement (ISDS) mechanism in the TransAtlantic Trade and Investment Partnership(TTIP) Agreement, Sinn Féin MEP for the Midlands North West Constituency Matt Carthy has said that the people of Europe will not be bullied into accepting a deal that undermines the rights of member states to protect citizens.

Carthy said:

“The Commission online consultation on the proposed ISDS mechanism in TTIP, which ran from the end of March until July 2014, has received the highest ever number of responses to a European Public Consultation, according to Friends of the Earth Europe.

“Almost 150,000 replies were received from citizens, academics, NGOs, think tanks, trade unions and other organisations across Europe.

“The message could not be clearer – the people of Europe do not want ISDS included in TTIP. At least 97% of the responses were not in favour of the inclusion of ISDS in the trade deal.

“Despite this the European Commission has concluded today that “a decision on whether or not to include ISDS is to be taken during the final phase of the negotiations”, stating that the mandate given to the Commission makes it clear that ISDS should form part of the agreement provided certain conditions are met.

“It would appear that the European Commission is more concerned with appeasing the rights of US based investors and large corporations than addressing the legitimate and overwhelming concerns of citizens and interest groups across Europe.

“The strategy of the Commission is now laid bare for all to see – proceed with the negotiations and kick the ISDS can down the road, making it much more difficult to successfully oppose ISDS at the last minute when a deal has been secured.

“The vast majority of citizens across Europe desire a strong trade relationship with the US and recognise the huge potential benefits that a good trade deal could secure for the two economies – but not at any price.

“It is becoming increasingly clear that the people of Europe will not be bullied by the Commission into accepting a deal that undermines the authority of member states to legislate to protect citizens and Sinn Féin MEPs will continue to work to ensure that the voices of civil society are heard, respected and addressed as the negotiations continue.”

A copy of the report can be found here: http://trade.ec.europa.eu/doclib/docs/2015/january/tradoc_153044.pdf

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