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>When Brussels and Ottawa started negotiating more than five years ago, most politicians did not know what ISDS meant, and hardly anyone but a few legal special
by crdoconnor 12y ago
>When Brussels and Ottawa started negotiating more than five years ago, most politicians did not know what ISDS meant, and hardly anyone but a few legal specialists paid attention to this section of the agreement.
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>That changed when Brussels started negotiating with the US in July 2013. A possible free-trade agreement between regions that exchange about €826 billion in goods and services a year, turned ISDS into a hotly debated issue.
Or maybe it was the leak of the previously-kept-top-secret TPP chapter in 2013 with a proposed ISDS mechanism that is an enormous political giveaway to corporations:
https://wikileaks.org/tpp-investment/WikiLeaks-TPP-Investment-Chapter.pdf https://wikileaks.org/tpp-investment/WikiLeaks-TPP-Investmen...
The TPP and TTIP have almost nothing to do with free trade. It's all about giving advantages to multinationals.
- akhatri_aus 12y agoOne could argue otherwise. The Eurozone is reminiscent of the 'Sterling Area'. The basic principle of trade local first, sterling area second and everyone else last. This is strikingly similar to the Eurozone today. The EU basically puts the US down last as a large trade partner. China may be a big trader but EU/US trade is something beyond words. TPP is something that seeks to wear down this 'last preference' down to get a better deal than the rest of the world.