EU Trade Commissioner in London to sell toxic TTIP

25 February 2016 - 7:00am
Press release

EU Trade Commissioner Cecilia Malmström is in London today (25 February) in a desperate attempt to sell TTIP – the toxic EU-US trade deal.

Malmström will face questions on the investor-state dispute settlement system (ISDS), the highly controversial 'corporate court' system which allows big business to sue states for any changes in public policy that affect their profits.  

She will also address other issues including the European Commission's sham 'transparency' agenda.

Malmström has been under increasing pressure as the secret TTIP talks remain behind schedule, and she faces a tough battle to sell her rebranded ISDS, the so-called 'Investment Court System' (ICS).

Mark Dearn, Senior Trade Campaigner at War on Want, said:

“Cecilia Malmström has already confirmed she doesn't 'take her mandate from the European people' – and the European people have seen for themselves how she and the EU continue to put the interests of big business first.

“The cynical rebranding of the corporate courts system demonstrates complete disdain for the demands of European people. The replacement Investment Court System, or ICS, has done nothing to alleviate public concerns. Ms Malmström is doing her utmost to sell democracy down the river so corporations can profit at taxpayers' expense.”

ISDS was roundly rejected by 97% of respondents in the European Commission's biggest ever public consultation. In response, the Commission promised a ‘new’ and independent system: the Investment Court System (ICS).

Malmström's 'reform' proposal has already met with strong opposition.

Civil society groups across the world have joined law academics and 10 UN independent experts on human rights, among many others, in criticising the controversial system.

Meanwhile, the German Association of Judges – the country's largest association of judges and public prosecutors – have stated that: “There is neither a legal basis nor an actual need for such a court.”

 

Notes for Editors

For further information and interviews, contact Mark Dearn on +44 7804 289680 or John Hilary on +44 7983 550727.

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