February TTIP update: - Labour MEPs secure massive support from European social democrats against private tribunals in trade deals
Posted: Tuesday 10 Mar 2015
On 4 March, the Socialist and Democrats (S&D) Group in the European Parliament adopted with near unanimity a very strong position paper on Investor-State Dispute Settlement (ISDS), opposing the inclusion of the controversial mechanism in trade deals with both the US (TTIP) and Canada (CETA).
The proposal adopted was drafted by a working group chaired by David Martin MEP, S&D Group coordinator on trade issues. Significant amendments proposed by Jude Kirton-Darling MEP, Labour's European spokesperson on TTIP and CETA, and Richard Corbett MEP, Labour's Deputy Leader in the European Parliament, were supported by the S&D parliamentary group.
The Socialist Group have always been opposed to ISDS as a group, although there has not been an opportunity to adopt a formal decision on this matter since the last European elections in 2014. In doing so, the S&D Group are responding to the thousands of constituents and the many civil society organisations that have asked for a clarification on the Group's position.
This decision by the European Socialists and Democrats Group will prove to be a real game changer not only in the negotiations between the EU and the US but also with respect to the ratification of the Canada agreement.
The European Commission and Europe's Conservatives will need Labour's support in the end if they want to see TTIP through. Labour MEPs are sending a loud and clear message that their support can only be contemplated if certain conditions are met. One such condition is not accepting the need to have private tribunals in TTIP.
The Labour Party has demonstrated that engaging with neighbours across the EU yields tangible results in the interest of the general public.
Labour were instrumental in securing this outcome, and this is a tribute to the hard work, commitment and resolve of Labour MEPs.
Posted by: Admin on Tuesday 10 Mar 2015
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