EU External Trade: USA

Business, Innovation and Skills written question – answered on 4th March 2014.

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Photo of Roger Godsiff Roger Godsiff Labour, Birmingham, Hall Green

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.

Photo of Michael Fallon Michael Fallon The Minister of State, Department for Business, Innovation and Skills , Minister of State, Department of Energy and Climate Change, Minister of State for Portsmouth

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.

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