{"id":6548,"date":"2015-05-21T23:42:30","date_gmt":"2015-05-22T04:42:30","guid":{"rendered":"https:\/\/www.iisd.org\/itn\/?p=6548"},"modified":"2024-08-09T18:26:10","modified_gmt":"2024-08-09T16:26:10","slug":"european-commission-addresses-ttip-concerns-at-european-parliament-meeting","status":"publish","type":"post","link":"https:\/\/www.iisd.org\/itn\/2015\/05\/21\/european-commission-addresses-ttip-concerns-at-european-parliament-meeting\/","title":{"rendered":"European Commission addresses TTIP concerns at European Parliament meeting"},"content":{"rendered":"<p>At a March 18, 2015 meeting at the European Parliament\u2019s International Trade Committee, <span class='tooltipsall tooltipsincontent classtoolTips117'>EU<\/span> Trade Commissioner Cecilia Malmstr\u00f6m presented <a href=\"http:\/\/europa.eu\/rapid\/press-release_SPEECH-15-4624_en.htm\">four \u201cpreliminary ideas\u201d<\/a> to address public concerns about investment in the Transatlantic Trade and Investment Partnership (TTIP) in negotiation between the European Union and the United States.<\/p>\n<p>To prevent conflicts of interest resulting from the dual rule (arbitrator\u2013lawyer) in investor\u2013state arbitration, the Commissioner emphasized the role of arbitrator rosters. She also supported the idea of a permanent investment court\u2014but aiming at a multilateral one, as a parallel medium-term objective.<\/p>\n<p>The Commissioner also suggested including in TTIP an appeal body with permanent members to review decisions and ensure their consistency. In addition, to prevent giving investors \u201ca second chance to overrule the decisions of national courts,\u201d she proposed provisions to clarify the relationship between domestic systems and investor\u2013state arbitration.<\/p>\n<p>Malmstr\u00f6m also discussed clauses to address the concern \u201cthat investment arbitration in TTIP will be a barrier to Europe\u2019s noble tradition of high quality regulation.\u201d Such concern is increasingly widespread in Europe. On April 18, thousands in several German cities <a href=\"http:\/\/www.reuters.com\/article\/2015\/04\/18\/us-trade-protests-germany-idUSKBN0N90LO20150418\">protested against the TTIP<\/a> fearing an erosion food, labour and environmental standards.<\/p>\n<p>In the European Parliament, the leading European People\u2019s Party favours investor\u2013state arbitration in the TTIP, but <a href=\"http:\/\/www.euractiv.com\/sections\/trade-society\/parliaments-opposition-ttip-arbitration-rise-313935\">six committees have drafted opinions<\/a> against it. While not binding, these opinions will be taken into account in the International Trade Committee\u2019s report, to be put to vote on May 28 and presented to the Parliament in June 2015.<!--more--><\/p>\n<script type=\"text\/javascript\"> toolTips('.classtoolTips63','Bilateral investment treaty'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips67','Energy Charter Treaty'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips100','investissement direct \u00e9tranger'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips106','asociaci\u00f3n p\u00fablica-privada'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips114','Sistema de Tribunales de Inversiones'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips116','European Commission'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips117','European Union'); <\/script>","protected":false},"excerpt":{"rendered":"<p>At a March 18, 2015 meeting at the European Parliament\u2019s International Trade Committee, <span class='tooltipsall tooltipsincontent classtoolTips117'>EU<\/span> Trade Commissioner Cecilia Malmstr\u00f6m presented four \u201cpreliminary ideas\u201d to address public concerns about investment in the [&hellip;]<script type=\"text\/javascript\"> toolTips('.classtoolTips100','investissement direct \u00e9tranger'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips116','European Commission'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips117','European Union'); <\/script><\/p>\n","protected":false},"author":1,"featured_media":15869,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[397],"tags":[1926,1916,1925,1980,2072],"class_list":["post-6548","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-eu","tag-european-parliament","tag-investor-state-dispute-settlement-isds","tag-multilateral-investment-court-mic","tag-ttip"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.iisd.org\/itn\/wp-json\/wp\/v2\/posts\/6548","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.iisd.org\/itn\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.iisd.org\/itn\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.iisd.org\/itn\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.iisd.org\/itn\/wp-json\/wp\/v2\/comments?post=6548"}],"version-history":[{"count":0,"href":"https:\/\/www.iisd.org\/itn\/wp-json\/wp\/v2\/posts\/6548\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.iisd.org\/itn\/wp-json\/wp\/v2\/media\/15869"}],"wp:attachment":[{"href":"https:\/\/www.iisd.org\/itn\/wp-json\/wp\/v2\/media?parent=6548"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.iisd.org\/itn\/wp-json\/wp\/v2\/categories?post=6548"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.iisd.org\/itn\/wp-json\/wp\/v2\/tags?post=6548"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}