Leaked CETA documents reinforces TTIP concerns - Carthy
Sinn Féin MEP Matt Carthy has expressed his concerns following the revelation that investor state dispute settlement (ISDS) was not included in the original text of the Comprehensive Economic and Trade Agreement (CETA), despite the European Commission stating that it had been essential to the agreement.
The revelation comes as the mandate for CETA, the trade deal between Canada and the EU, was leaked by consumer organisation, Foodwatch.
The Midlands North West MEP said:
“The European Commission had stated that an Investor State Dispute Settlement (ISDS), which allows private corporations sue National Governments for potential loss of profits, was essential in the drafting of the mandate for the Comprehensive Economic and Trade Agreement (CETA). However, it has now been revealed that an ISDS was not included in the original text of the mandate and had, in fact, been pushed by the EU Commission.
“This deeply concerns and angers me but also leads me to question the Commissions credibility.“It has been made cystal clear by EU citizens who have engaged on this issue that vehemently oppose the inclusion of ISDS in any trade deal. Yet the Commission proceeded to push its inclusion within CETA".A member of the Economic and Monetary affairs committee in the European Parliament, Mr Carthy continued:
“Even if ISDS was left out of the TTIP, the current CETA provisions would allow U.S. corporations with Canadian subsidiaries to launch investor-state challenges against European governments. That is why MEP's from across the political spectrum must now ensure that CETA is not ratified.
“However, a TTIP agreement including ISDS would present additional threats as a far greater number of corporations would be able to bring cases against governments using ISDS.“CETA is essentially a blue print for TTIP and therefore the commission operating in this underhanded way reinforces the concerns of many.
“I, along with my fellow Sinn Féin MEPs will continue to work with our partners in the European Parliament to ensure the concerns of European and Irish citizens are reflected and translated into efficient international regulatory frameworks." ENDS