Transatlantic Trade and Investment Partnership
Debate between Geraint Davies and Caroline Lucas(9 years, 9 months ago)
Commons ChamberRead Full debate Read Hansard Text
Caroline Lucas (Brighton, Pavilion) (Green)
I can tell the hon. Member for North Dorset (Mr Walter) that the Czech Republic, Slovakia and Poland, which are in trade agreements that include this kind of investor-state relationship, have been sued 127 times and have lost an amount of money that could have employed 300,000 nurses for a year. The idea that this is not a problem is patently wrong. This is about a corporate takeover and that is why it is right to oppose this particular mechanism.
Geraint Davies
I am grateful to the hon. Lady for that intervention, which underlines why, of the 155,000 people who contributed to the consultation by the Commission on TTIP and the ISDS, 97% were against the ISDS. As has been pointed out in other interventions, there are dangers to our procurement, food standards, rights at work and environmental protection. My personal view is that we should pull the teeth of corporate wolves scratching at the door of TTIP by scrapping the ISDS rules, so we can get on with the trade agreement without this threat over our shoulder.