TTIP on the rocks as UK faces up to threat of industrial litigation

14 Jun

Vox Political

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“If Britain joined up to the Investor-State Dispute Settlement [system] in the current secret Transatlantic Trade and Investment Partnership (TTIP) negotiations, the UK would be exposed to an even greater number of disputes and costs than Canada suffered under the NAFTA [North American Free Trade Agreement], while being “highly unlikely” to bring in any additional investment.” – Michael Meacher MP.

Mr Meacher’s article on TTIP provides many examples of such litigation, that have taken place under already-agreed free trade deals. Why, he asks, would the UK want to sign an agreement that will immediately place it under threat of legal action, while gaining nothing in return?

You’d have to be crazy to put the economy in the hands of the lunatic who suggested it, wouldn’t you?

The lunatic, in this case, would be David Cameron, leader of the political party most people in Britain seem to think is best at…

View original post 226 more words

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