Bilateral Investment Treaties: Public interest, social and environmental policies under threat
Bilateral Investment Treaties (BITs) erode the ability of governments to act in the best interests of their citizens by allowing foreign investors to sue sovereign states when governments' social, environmental and economic regulations have affected their profits. TNI, as part of the Seattle to Brussels network, is campaigning for a Just EU Investment policy that puts corporate accountability and human rights above corporate profits!
Since the Lisbon Treaty entered into force on 1 December 2009, the competence to negotiate international investment agreements has shifted from individual member states to the European Union (EU). The Lisbon treaty provided an ideal opportunity for the EU to develop a new investment policy that changes the balance back in favour of citizens and the environment. Instead, the EU decided to copy the bad practices of its member states, which focus only on the protection of investors abroad without any consideration of the social and environmental responsibilities of European corporations.
European Parliament resolution on international investment not strong enough to end threat to democratic governance and public interests
Statement by the Seattle to Brussels network about the resolution of the European Parliament on international investment, April 2011
Civil society statement calling for "Just EU Investment Policy now!"
Available in English - Italian - French - Spanish - Dutch - German. Signed by 114 EU civil society organisations, 3 international networks and 65 non-EU organisations. April 2011
EU Investment Briefing: Change EU investment policy - now is the time!