Objectionable

First published in Letters

A SINISTER deal is currently being cooked up between the European Union and the USA. I am referring to something called The Transatlantic Trade and Investment Partnership (TTIP).

The main goal of TTIP is to remove regulatory ‘barriers’ which restrict the potential profits to be made by trans-national corporations on both sides of the Atlantic. Crucial to that goal is the Investor-State Dispute Settlement (ISDS) which would allow big companies to sue governments, including ours, over decisions which affect their profits.

The ‘barriers’ referred to are in reality some of our most prized social standards and environmental regulations, such as labour rights, food safety rules (including restrictions on GMOs). Regulations in the USA which cover these issues are generally weaker than those that apply in Europe, so what the ISDS will lead to is a race to the bottom, in which our relatively strong regulations will be weakened in order to match those in the USA.

The ISDS will be enforced through secretive tribunals which will be able to overrule our own laws. Governments which are found to be in breach of TTIP rules could be fined hundreds of millions of pounds. This represents an outrageous attack on our democratic system but it is supported by all three major parties! Only the Green Party objects.

C Shakesheff, Chepstow

Comments (3)

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4:52pm Wed 20 Aug 14

landyman3030 says...

Yet the TTIP is being set up by lawyers and civil servants inside the EU, not the elected representatives from each country who are ultimately afraid to complain about it as they might be shunned as Cameron was over the Junckers debacle.
This TTIP is more worrying then any migration policy or any other EU dictate and has wide implications for all of us.
We are a lost power in the EU and i say get out now.
UKIP here i come.
Yet the TTIP is being set up by lawyers and civil servants inside the EU, not the elected representatives from each country who are ultimately afraid to complain about it as they might be shunned as Cameron was over the Junckers debacle. This TTIP is more worrying then any migration policy or any other EU dictate and has wide implications for all of us. We are a lost power in the EU and i say get out now. UKIP here i come. landyman3030
  • Score: 2

12:48am Thu 21 Aug 14

PenDraig says...

I agree with you Mr Shakesheff, but the only Welsh party Plaid Cymru is also against it and are together with the Green party, in Cymru as well as in Europe.
I am sure that was an oversight on your part?
It is a total betrayal by the British parties including UKIP who are also wanting part in this end to sovereignty all for the promise of free gas from the Americans and vast Wealth for those who agree.
These mad men like America want to end socialism in Britain, and Labour in Wales are going to let them, traitors all!
I agree with you Mr Shakesheff, but the only Welsh party Plaid Cymru is also against it and are together with the Green party, in Cymru as well as in Europe. I am sure that was an oversight on your part? It is a total betrayal by the British parties including UKIP who are also wanting part in this end to sovereignty all for the promise of free gas from the Americans and vast Wealth for those who agree. These mad men like America want to end socialism in Britain, and Labour in Wales are going to let them, traitors all! PenDraig
  • Score: -1

8:10am Thu 21 Aug 14

landyman3030 says...

Some would say we are already in a bad situation regarding private companies litigating against governmental decisions after this weeks reported news that an American company has successfully sued the UK government for a sum of money ranging from £220,000,000 to £500,000,000 in damages as the government pulled out of the electronic borders contract they had entered into with this company.
Even though the company were a year behind and the system wasn't working the company has been found in the right and won the case.
Taking governments to court and winning hundreds of millions is here already.
Some would say we are already in a bad situation regarding private companies litigating against governmental decisions after this weeks reported news that an American company has successfully sued the UK government for a sum of money ranging from £220,000,000 to £500,000,000 in damages as the government pulled out of the electronic borders contract they had entered into with this company. Even though the company were a year behind and the system wasn't working the company has been found in the right and won the case. Taking governments to court and winning hundreds of millions is here already. landyman3030
  • Score: 6

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