UNI Europa Urges “NO” Vote on TTIP ISDS Amendment

Monday 6 July 2015

UNI Europa, the European service workers union, calls on MEPs to reject the “compromise” amendment allowing an investor-state dispute settlement scheme within TTIP.

“We need to be clear about what is actually being compromised by this amendment – critical protections for European workers, SMEs and democracy,” said Oliver Roethig, UNI Europa Regional Secretary.

‘The so-called ‘ISDS light’ amendment is simply a bait-and-switch that does not address the unacceptable problems with ISDS. Like the previous version, it will advantage US multi-national companies. It unacceptably means that tripartite agreements and ‘generalised’ collective agreements can be subject to ISDS – with the risk therefore of halting any development of said agreements. This is detrimental to the development of a strong competitive Europe built on quality jobs.”

“UNI Europa supports increased trade and investment between the EU and USA, but not at the cost of ISDS. We call on MEPs from all political groups to reject this amendment.”

Read much more about the implications of the so-called ‘ISDS light’, on among others tripartite agreements and collective bargaining in UNI Europa’s Q&A with leading trade expert Dr Gabriel Siles-Brügge from the University of Manchester here