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We do not need any more Government spin in relation to TTIP – Carthy

26 March, 2015 - by Matt Carthy MEP

Speaking in advance of the launch in Dublin Castle tomorrow morning of the Copenhagan Economics Report commissioned by the Government into the effects of the proposed TransAtlantic Trade and Investment Partnership (TTIP) on Ireland’s economy, Sinn Féin MEP for the Midlands North West Constituency Matt Carthy has said that it is time for the Government to put an end to the spin on TTIP and engage in a honest debate on the potential consequences of this deal for Ireland.

Carthy said:

“There are widespread concerns among civil society, trade unions, the agricultural sector, environmental groups and other NGOs in Ireland and across Europe in relation to this trade deal.

“They are concerned about the lack of transparency surrounding the negotiations, they are concerned about the potential impact this agreement could have on their sectors and they are concerned about power being given to large corporations at the expense of citizens and democracy.

“One of the most alarming aspects of this trade agreement is the inclusion of an Investor State Dispute Settlement (ISDS) mechanism which allows private investors to sue the Government of member states for potential loss of revenue.

“ISDS allows investors to take their cases to tribunals outside of the normal courts system in tribunals and it does not currently allow for an appeal mechanism. It is the mechanism by which Canada has been sued for its moratorium on fracking and is also been used against Australia for its public health measures against smoking.

“The simple fact of the matter is that the Irish Government is not in a position to offer any guarantees to the Irish people as long as ISDS is part of this agreement and they must own up to this fact.

“I am calling on the Government to present the real facts of this deal to the people of Ireland and engage in an honest debate on the issues of concern surrounding this agreement.

“The Government must also state clearly what, if any, are the red line issues for Ireland during these negotiations and the steps they have taken to protect Ireland’s interests."

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