Transparency within all realms of policy development are not only treaty-embedded obligations for the European Commission but a practical and necessary condition to secure respectful and beneficial outcomes for European society as a whole. In response to the European Ombudsman’s investigation into transparency within trade negotiations, T&E suggests concrete measures and raises examples of best practice that would enable meaningful and constructive input from civil society across Europe and the Atlantic.
European trade ministers set to discuss EU trade priorities on Friday have been warned that the Comprehensive Economic and Trade Agreement (CETA) with Canada would unleash a wave of corporate lawsuits against Canada, the EU and its member states, particularly in the mining and financial sectors.
This first in-depth analysis of investor rights in the Comprehensive Economic and Trade Agreement (CETA) with Canada by T&E and 14 other environmental NGOs, citizens’ groups and workers unions from both sides of the Atlantic finds that CETA grants even greater rights to foreign investors than the North American Free Trade Agreement (NAFTA) – increasing the risk that corporations will use CETA to constrain future government policy. It would unleash a wave of corporate lawsuits against Canada, the EU and its member states, particularly in the mining and financial sectors.
100,000 submissions to a public consultation is a lot on any subject, and particularly when the subject is the finer points of a proposed international trade deal. But having been extended for a week, the signs are that the European Commission’s public consultation on investor-state dispute settlement (ISDS) has attracted a number of responses that could be in this region. It closed on Sunday, July 13th.
The European Commission has come under renewed pressure to drop investor-state dispute settlements (ISDS) from a trade deal with the US after receiving a record 150,000 responses in a public consultation on the controversial clause.
The EU and the US are currently negotiating the Transatlantic Trade and Investment Partnership (TTIP) free-trade agreement, which would be the world’s largest. Recently the pressure on the EU to weaken the Fuel Quality Directive has increased notably and oil companies and refiners have found in/with TTIP a new lobby vehicle to attack the FQD. Find out more in this briefing.
The United States and Canadian governments are using ongoing trade talks to push the European Union to allow devastating tar sands unfettered access to its market, according to a new report out today.
T&E strongly disagrees with the European Commission objectives and approach in relation to the inclusion of investment protection in the Transatlantic Trade and Investment Partnership (TTIP) through the investor-state dispute settlement (ISDS) mechanism. We believe that the proposed reforms will not solve any fundamental flaws of ISDS, and in our view, they never can, since the whole concept of ISDS undermines the rule of law by bypassing regular courts. Hence, ISDS should be excluded from TTIP and the Comprehensive Economic and Trade Agreement (CETA) with Canada.
Following the end of the public consultation on investor-state dispute settlement (ISDS) in the EU-US free trade negotiations (known as TTIP), the European Environmental Bureau, the European Public Health Alliance (EPHA) and Transport & Environment call on the Commission to exclude ISDS from TTIP and to publish all contributions. The EEB, EPHA and T&E are members of the EU’s TTIP advisory group representing civil society.
This blogpost was first published by the European Voice on 21 May 2014.Rarely have trade negotiations attracted as much attention and criticism as the Transatlantic Trade and Investment Partnership (TTIP) has over the last year. There has been no spontaneous ‘boom’ in anti-trade sentiments. Rather, this criticism is due to the overreach being attempted here. With TTIP, the EU is trying something new that goes beyond the classic lowering of tariffs – which incidentally are already low in transatlantic trade.