Free Trade Agreement: US and EU Debate
Full Debate: Read Full DebateDepartment: Foreign, Commonwealth & Development Office
Lord Stevenson of Balmacara
Main Page: Lord Stevenson of Balmacara (Labour - Life peer)Department Debates - View all Lord Stevenson of Balmacara's debates with the Foreign, Commonwealth & Development Office
(10 years, 1 month ago)
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Lord Livingston of Parkhead
The EU and the UK have been very clear: standards will not be reduced as a result of TTIP. EU laws will remain EU laws, and the US negotiators have accepted that fact.
Lord Stevenson of Balmacara (Lab)
My Lords, we on this side support TTIP and are reassured by the answer just given by the Minister on public services. However, for many people the proposed preferential arbitration rules for foreign investors represent all that is perceived to be wrong with international trade deals—that they are too secret, too undemocratic and too skewed to the interests of international capital over the interests of our citizens. Indeed, the ISDS clause has become a lightning rod for dissatisfaction with TTIP. Should this issue not be tackled head on by removing the ISDS clause from the deal?