Still not loving ISDS : 10 reasons to oppose investors’ super-rights in EU trade deals
Corporate Europe Observatory | 16 April 2014
Still not loving ISDS : 10 reasons to oppose investors’ super-rights in EU trade deals
At the end of March, the European Commission launched a public consultation over its plan to enshrine far-reaching rights for foreign investors in the EU-US trade deal currently being negotiated. In the face of fierce opposition to these investor super-rights, the Commission is trying to convince the public that these do not endanger democracy and public policy. See through the sweet-talk with Corporate Europe Observatory’s guide to investor-state dispute settlement (ISDS).
– Reason 1 : ISDS is a tool for big business to make governments pay when they regulate
– Reason 2 : Corporate super-rights are an instrument to rein in democracy
– Reason 3 : The investor rights provide VIP treatment to companies
– Reason 4 : The investor-state arbitration system is fundamentally flawed
– Reason 5 : The Commission’s ‘reform’ agenda does not even touch upon these basic flaws of the system
– Reason 6 : The risks of being sued by big business are ever growing for governments
– Reason 7 : The investor privileges enable backdoor corporate attacks on court decisions
– Reason 8 : The investor rights do not bring the economic benefits claimed for them
– Reason 9 : The global tide is turning against excessive corporate rights
– Reason 10 : There are alternatives
Read the article here : http://corporateeurope.org/international-trade/2014/04/still-not-loving-isds-10-reasons-oppose-investors-super-rights-eu-trade
