Posted on 04/25/2016 12:44:48 PM PDT by StCloudMoose
The British governments sole assessment of the shadowy Transatlantic Trade and Investment Partnership (TTIP) deal indicates there are lots of risks and no benefit, according to documents seen by Global Justice Now. In February a freedom of information (FoI) request was made to the Department for Business Innovation and Skills (BIS) to find out whether risk assessments had been carried out in relation to the secretive deal, which is currently in its 13th round of negotiations. The BIS reported that the only assessment had been carried out by the London School of Economics (LSE), which found little reason to believe the EU-US investment chapter as the deal is sometimes called would give the UK significant political or economic benefits.
The report also examined the issue of secret courts, where investor-state dispute settlement (ISDS) proceedings would allow US firms to sue national governments.
The authors argue that we would expect an EU-US investment chapter to be regularly invoked by US investors against the UK for governmental actions that would normally not be challengeable under UK law.
Global Justice Now director Nick Dearden gave a withering assessment of the deal and of the governments analysis of it.
He called it staggering that that government was pushing the UK into a system of secret corporate courts under TTIP with almost no assessment of what the risks are for our policy makers or the taxpayer.
No economic benefits.
Lotsa benefit for the global government movement.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.