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TTIP will carry a heavy cost for jobs, rights and regulation - Tóibín

27 March, 2015

Speaking ahead of this afternoons’ presentation on the Transatlantic Trade and Investment Partnership (TTIP) by EU Trade Commissioner Cecilia Malmström to Oireachtas member’s, Sinn Féin Jobs Spokesperson Peadar Tóibín has accused the government of pursuing an agreement that will cost dearly in terms of sovereignty, worker’s rights and decent regulation in multiple areas.

The Sinn Féin West Meath TD said:

“Political sovereignty is central to Sinn Féin. We believe that Irish people should determine the future of Ireland. Not bondholders, not bankers, not developers, not London nor Brussels or Berlin and certainly not the proposed Investor State Dispute Settlement mechanism attached to the EU/US trade agreement currently under negotiations. 

“This quasi and covert judicial system supplants existing robust domestic, European and international laws that provide the necessary protections for investors. Jobs Minister Richard Bruton has actively sought and openly called for the ISDS mechanism to be attached to the TTIP agreement and this should be a cause of alarm for citizens, policy makers and businesses alike. 

“TTIP is damaging and will cost dearly in terms of sovereignty, worker’s rights and decent regulation in multiple areas. Big question marks remain around the inclusion of public services including public procurement; state owned enterprises and exactly what services are included in the negotiations. 

“It is my firm view that where opportunity exists with regards logical and practical work to make transatlantic trade more accessible and there are clear evidence based benefits to Ireland on such specific areas of trade these opportunities should be pursued. 

“However this is not what TTIP seeks to achieve. It will fundamentally undermine sovereignty, public services, hard won workers’ rights and regulations. At its core this is a deeply dishonest and secretive agreement that has been drafted in the interest of big business alone.” ENDS 

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