Question

To ask the Secretary of State for Business, Innovation and Skills, what assessment his Department has made of the potential effect of TTIP on different and separate regulatory systems for compliance with current ISDS provisions in different parts of the UK.

The inclusion of investor-state dispute settlement (ISDS) provisions in the Transatlantic Trade and Investment Partnership (TTIP) will not threaten the right of the UK or Devolved Administrations to regulate or determine public policy. The Commission has published a proposal for reforms to investment protections in this agreement, which includes a clause setting out governments’ right to regulate.

The UK will work with the Commission on this proposal to ensure that UK investors are treated fairly overseas by foreign governments while allowing governments to regulate lawfully and in the public interest.