USTR Starts To Panic Over Calls To Take Corporate Sovereignty Out Of TAFTA/TTIP
For the first time, a trade agreement between two massive economic powerhouses will involve corporate sovereignty.
Via Techdirt:
The pressure is really building on the US and EU over the corporate sovereignty provisions in TAFTA/TTIP. As we reported back in January, the European Commission has put on hold the negotiations for the investor-state dispute settlement (ISDS) chapter while it conducts a public consultation on the subject. The USTR seemed to be trying to tough it out, but it has finally cracked and released what it calls "The Facts on Investor-State Dispute Settlement: Safeguarding the Public Interest and Protecting Investors" in an attempt to bolster support for the idea. Its mere existence shows that the U...