TRANSATLANTIC TRADE AND INVESTMENT PARTNERSHIP

That this House is concerned about the inclusion of investor-to-state dispute settlements in the Transatlantic Trade and Investment Partnership (TTIP); notes that their inclusion would enable foreign investors to file complaints against a national government whenever investors perceive a violation of their rights and that these complaints are filed directly to international arbitration tribunals and completely bypass national courts and the judicial system; believes there is a real risk that these provisions in the TTIP could overturn years of laws and regulations agreed by democratic institutions on social, environmental and small business policy on both sides of the Atlantic and is of the view that the Government's assertions about the economic benefits of the trade deal are questionable; further believes that any transatlantic partnership implies a relationship based on mutual trust, respect and shared values, something that the ongoing revelations about US secret services' surveillance of EU citizens and public representatives up to the highest level has shown to be gravely lacking; therefore calls for investor-to-state dispute settlements to be removed from the TTIP; and further calls on the Government to push for talks on the partnership agreement to be frozen immediately, in order to allow for a full public debate and Parliamentary scrutiny from both Houses of Parliament with a view to establishing whether full transparency and fundamental EU rights and rules can be guaranteed.