Business, Innovation and Skills written question – answered at on 4 March 2014.
To ask the Secretary of State for Business, Innovation and Skills what assessment he has made of whether the investor-state dispute settlement clause in the proposed Transatlantic Trade and Investment Partnership would allow corporations to take legal action against EU governments which enact or abide by legislation aimed at protecting human or consumer rights or the environment.
To date the UK has concluded 94 bilateral investment treaties. Negotiations are at an early stage for including similar provisions to those in the treaties in the Transatlantic Trade and Investment Partnership. If an investor-state dispute settlement (ISDS) clause is included in the Transatlantic Trade and Investment Partnership, the Government will seek to strike an appropriate balance between protection for UK investors in the US, while at the same time ensuring that the Government's ability to regulate in the public interest is safeguarded.
Yes1 person thinks so
No1 person thinks not
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