There's a rumour
going around that ISDS may be coming out of TTIP:
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Incoming Commission president Jean
Claude Juncker is said to have decided to remove the controversial
investor-to-state dispute settlement (ISDS) from TTIP, citing that it
is “too late” to win on the issue, and to send a clear signal to
EU citizens that he has “heard them" a new news report says
According to the Dutch journalist
Caroline de Gruyter, writing for NRC Handelsblad, Trade
Commissioner-elect Cecilia Malmström had threatened to resign over
Juncker’s plans to exclude ISDS, but to date, this has not
happened. The news sheds further light on the tug-of-war taking place
within the Commission regarding investor rights in international
trade agreements, as was demonstrated in Malmström's parliamentary
hearing in September.
Well, that's certainly plausible, but
I'd like to see this confirmed before I start rejoicing. And even if
ISDS were taken out of TTIP, it's important to remember that the
threat of corporations suing nations directly, over democratic
developments that harm future corporate profits, will not have
disappeared. That's because ISDS is most definitely still in the
trade agreement between the EU and Canada, known as CETA. That means
that any US company with ‘substantial business activities’ in
Canada - that's all that the text of CETA requires - can sue the EU
using the new agreement.
And just to make things a little
harder, it was announced
today that another major EU free trade agreement with ISDS has been
concluded:
The European Union (EU) and Singapore
have concluded the negotiations of the investment part of the
EU-Singapore Free Trade Agreement (EUSFTA). This marks the successful
conclusion of the negotiations of the entire EUSFTA, following the
initialling of the other parts of the agreement in September 2013.
As that makes clear, it was precisely
the chapter dealing with investment - and hence the
highly-contronversial ISDS provisions - that was holding up the
agreement with Singapore. We finally have that investment chapter
(pdf).
Two things are striking. First, that once again, any company that
has "substantive business operations" in Singapore will be
able to use the new agreement - known by the unlovely abbreviation
"EUSFTA" - to sue European governments and the EU itself.
The other thing that is noticeable is that zero notice has been taken
of the 150,000 (mostly negative) submissions to the European
Commission's consultation on ISDS.
This isn't the only example of the
Commission showing its contempt for the European public and
democracy. As I mentioned in a previous
update, plans to organise a European Citizens' Initiative,
a formal petition against both TTIP and CETA, were blocked by the
European Commission, which flatly refused to allow people even this,
largely symbolic, way of expressing their views on TTIP and CETA.
However, the organisers realised that
they didn't actually need permission from Brussels to run this
pan-European petition, and set up the site stop-ttip.org,
where people were able to sign in a wide range of European languages.
Even though this was only launched last week, it's been a stunning
success: at the time of writing, over 637,000 signatures have been
gathered (please do add your name if you haven't already.) That's
two-thirds of the nominal million that would have been needed for the
ECI, but the way things are going, I think the total will go well
beyond that - a wonderful answer to the mean-spirited and cowardly
actions of the European Commission.
Now, some will say that e-petitions
really don't count, since it's so easy to gather names. There's some
truth in that, except that people need to know about the e-petition
before they can sign it, and so as minimum we can say that two-thirds
of a million people now know enough about TTIP and CETA to dislike
them. Moreover, the idea that the European public don't really care
that deeply about these so-called trade agreements was given the lie
by the astonishing "Decentralised Day of Action against TTIP,
CETA and TISA", which gave rise to 450 events in 24 EU member
states, involving many thousands of EU citizens. Lots of great
pictures give some flavour of the depth of support.
However much the European Commission
would like to ignore what the little people like you and me think,
many among the European public clearly have no intention of meekly
accepting what the Commission has stitched up in secrecy behind
closed doors. Their anger is not least because of an insulting logic
at play here: that you have no right to criticise what's being
negotiated until you've seen the final text, because it's not yet
finished; but then to be told, once the text is finalised, that you
have no right to change anything, because it's finished (as with
CETA.) They call that democracy?
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