3 ms·

> There should be unified standards. Why should the people of Germany be bound by the whims of the people of Delaware?

• avar 10y ago
  Bound? The people of Germany, in this example, voted for a government that approved the TTIP. If they don't like it they can vote again and leave the agreement. If it's not obvious from my comments I'm not advocating for agreements like the TTIP or other agreements that enforce international trade in this comment chain. I'm just saying that if people want agreements like that in some shape or form that's going to necessarily result in some loss of national sovereignty. Any international trade agreement worth its salt will do that. As an example. Let's say there's been an agreement between the US and Germany to enforce no tariffs on their trade. Now Germany is massively subsidizing its steel industry and there's a Delaware startup trying to smelt steel to compete with them. Don't you think there should be a dispute mechanism in place to say "hey guys, we agreed to no tariffs, that really doesn't make sense if you subsidize steel and we don't".?
  • sandstrom 10y ago
    You can have such dispute mechanisms without ISDS (most trade-agreements have them, long before ISDS existed).