The aggressive agenda of services corporations, with regards to TTIP and CETA, pushes for far-reaching market opening in areas such as health, cultural and postal services, and water, which would allow them to enter and dominate the markets. Those in charge of EU trade negotiations are rolling out the red carpet for the services industry, with CETA and TTIP reflecting the wishlist of corporate lobbyists.
Cecilia Olivet, Pietje Vervest, Pia Eberhardt, Fabian Flues
15 April 2015
In response to growing public criticism of international investment law, a new lobby group has emerged, EFILA, seeking to influence European officials. This briefing exposes how EFILA represents an attempt by the arbitration industry to fend off much-needed reforms in order to protect a highly lucrative business.
A clear and plain language guide to the EU's neoliberal investment regime, explaining both the social and environmental costs of prying open poor, vulnerable countries' economies, as well as outlining a number of ethical alternatives.
Malta Today - The transatlantic trade and investement partnership (TTIP) between the European Union and the United States aims to increase economic growth and job on both sides of the Atlantic. However, critics say the TTIP agreements threaten public services.
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!
As the European Parliament drafts its opinion on the controversial TTIP (Transatlantic Trade and Investment Partnership) talks, 375 civil society organisations from across Europe have called on EU decision-makers to protect citizens, workers, and the environment from the threats it poses.
This public event will highlight the risks that provisions negotiated as part of trade agreements – such as ISDS – can pose for governments’ ability to regulate to protect the environment and act on climate change.
For a TTIP resolution that puts people, the environment and democracy before short-term profit and disproportionate corporate rights. 375 civil society organisations from across Europe call on EU decision-makers to protect citizens, workers, and the environment from the threats it poses.
Investment protection mechanisms give corporations the right to sue states if they take any measures – including public interest legislation – that might threaten profits. Wellknown versions of this is the Investor state-dispute mechanism (ISDS) which after rising controversy and critisism has been replaced by the Investment court system (ICS). Investment protection mechanisms are included in most new FTAs. Nevertheless, several governments are starting to reconsider their commitments to it as they recognize the danger that it poses to their sovereignty. TNI has produced extensive research highlighting how investment protection gives corporations far-reaching rights that curtail governments’ sovereignty and drain limited public budgets. It has also revealed the big stakes the legal industry has in these mechanisms.