July marked the second anniversary of negotiations between the U.S. and European Union over the proposed Transatlantic Trade and Investment Partnership (TTIP), but for the millions of European citizens opposed to the trade deal it was not a month to celebrate.
One of the main points of contention remains the debate about whether to include investor-state dispute settlements (ISDS) in the trade pact. The mechanism would allow corporations to sue governments if legislation is put in place, or altered, that could in any way negatively impact a company’s profits. This could include environmental protection laws, health and safety standards, workers rights or private services being made public.
So much public concern and controversy was raised over ISDS that the European Commission suspended talks on the investor protection rules in order to open a public consultation in spring of 2014. Considerations of ISDS are still suspended in the U.S.-EU negotiations – the 10th round of which took place earlier this month in Brussels, following a European Parliament vote that recommended the European Commission reassess the role of ISDS in the Transatlantic pact.
Read the full article at Occupy.com