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EU External Trade: USA

Department for Business, Innovation and Skills written question – answered on 7th November 2014.

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Photo of Paul Flynn Paul Flynn Labour, Newport West

To ask the Secretary of State for Business, Innovation and Skills, whether the UK has supported inclusion of the investor-state dispute settlement system in the Transatlantic Trade and Investment Partnership negotiations.

Photo of Matthew Hancock Matthew Hancock Minister of State (Department for Business, Innovation and Skills), Minister of State for Portsmouth, The Minister of State, Department of Energy and Climate Change

The Government believes it is in the UK's interest to create modern investment provisions in the Transatlantic Trade and Investment Partnership (TTIP) to both encourage investment and create a potential model for future trade and investment agreements with other countries. The Government wants provisions which guarantee the right of governments to legislate in the public interest, while assuring access to justice for investors who are discriminated against or treated unfairly.

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