In an astonishing move which ignores the opinion of millions of citizens who oppose ISDS, the governments of Austria, France, Finland, Germany and the Netherlands (AFFGN) have made a sly attempt to institutionalise ISDS throughout the European Union. According to a leaked non-paper, on the 7th April representatives of these five nations made a proposal to the EU Council’s Trade Policy Committee which would in effect create a plurilateral treaty based on foreign investment protection within the EU. A move which was suspiciously followed by publication of a similar proposal on Business Europe’s website in what appears to have been a coordinated action.
This briefing updates the July 2016 report ‘Border Wars: the arms dealers profiting from Europe’s refugee tragedy’ . It shows that the European policy response to the refugee tragedy continues to provide a booming border security market for Europe’s arms and security firms, some of whom are involved in selling arms to the Middle East and North Africa and all of whom encourage European policies focused on keeping refugees out. It’s a win-win for the security corporations, but the cost is a deadly toll for migrants forced into ever more dangerous routes as they flee wars, conflict and oppression.