David Martin MEP, the co-ordinator for the Socialist and Democratic Group (S&D) in the European Parliament on trade issues is delighted that the group has this week decided to adopt the position he drafted to oppose the inclusion of the controversial investor-state dispute settlement (ISDS) mechanism in trade deals with both the US (TTIP) and Canada (CETA)
The ISDS clause would allow private companies to sue governments if they felt a decision or law impacted their ability to make profit. It will now be opposed by the Group – the second largest in the European Parliament.
Following the decision Mr Martin said: "The European Commission and Europe's centre-right group in the Parliament will need our support if they want to see TTIP (Transatlantic Trade and Investment Partnership) through. We are now sending a clear message we can only contemplate support if our conditions are met. One such condition is we do not accept the need to have private tribunals in TTIP.
“Labour MEPs have always been opposed to ISDS as we feel it endangers our public services including the NHS and puts profit ahead of the public interest.
“By this week taking a formal decision on this we are responding to the thousands of constituents and the many civil society organisations that have asked us to make our position clear.”