Search results

Last week, the European Commission presented a proposal to reform the Investor-to-State Dispute Settlement (ISDS), which forms part of the draft text for Trans-Atlantic Trade and Investment Partnership (TTIP) between the EU and the USA. Yet, it is fraught with problems, as those few adjustments do not even address the heart of the ISDS-problem.

Remember the widespread protests against trade agreements TTIP and CETA? One of the main worries was the Investor-State Dispute Settlement (ISDS) mechanism these treaties contain. Now the European Commission has proposed to set up a Multilateral Investment Court. Is that good news?

Thanks to the negotiations about TTIP, the public debate about bilateral investment treaties (BITs) is slowly underway. Especially the ‘Investor-to-State Dispute Settlement Mechanism’ (ISDS) of TTIP threatens to lower the norms to protect people and the environment. BITs make use of very controversial arbitrage systems (ISDS), which enable investors to bypass the national court to sue governments for their national policies and laws.

The currently negotiated Transatlantic Trade and Investment Partnership between the US and the EU (TTIP) is higly controversial and has ignited the public debate about the costs and benefits of globalisation to society at large. In the Netherlands, concerns are raised on transparency, the growing power of big companies and the consequences for the environment. But how should we view TTIP in the bigger picture around global free trade, the relation between the North and the South and the geopolitical dynamics behind free trade agreements? Yash Tandon addresses this and related subjects in his new book 'Trade is War – The West’s War Against the World', which he will present on the 3rd of June in Amsterdam. 

Almost 150,000 organisations and individuals who participated in a public consultation on the Transatlantic Trade and Investment Partnership (TTIP) of the European Commission, made a strong statement. According to EU's own reporting, 97% does not want the controversial investor-to-state-dispute settlement (ISDS)-mechanism to be part of the trade deal. Worldwide, more than 3000 international investment agreements with ISDS exist,  of which the Netherlands has more than 90s - predominantly with developing countries. Many of these countries have suffered damage caused by ISDS. This has started to set off the alarm bells in Europe and should definetely also have consequences for the already existing agreements.

During the election debate between ten candidate MEPs (Members of European Parliament) yesterday evening in the Brakke Grond in Amsterdam, several issues are highlighted. Candidates explain how their parties think about the use of biofuels, mandatory production criteria for clothing sold in the EU and on the approach to tax avoidance. All participants acknowledge that there are problems related to these issues, but they differ on their preferred solutions to these problems. Tempers start to run high when the free trade agreement between the U.S. and the EU (TTIP) is discussed.