| Author (Corporate) | European Parliament |
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| Series Title | Press Release |
| Series Details | 08.07.15 |
| Publication Date | 08/07/2015 |
| Content Type | News |
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The European Parliament approved on 8 July 2015 a set of recommendations regarding the negotiations of the Transatlantic Trade and Investment Partnership (TTIP) between the European Union and the United States. Members of the European Parliament (MEPs) considered the trade should open up open up US market access for EU firms without undermining EU standards. To settle trade-related investor-state disputes, a new justice system, run by publicly-appointed judges and subject to scrutiny and transparency rules, should replace private arbitration under the Investor-State Dispute Settlement (ISDS) system, according to the approved text. VoteWatch Europe analysed the vote: The pro-TTIP camp was formed of the People’s Party (EPP), the majority of the Socialists & Democrats (S&D), Conservatives & Reformists (ECR) and Liberal-democrats (ALDE), which gathered 436 votes (61%). The anti-TTIP camp was formed of the radical-left / communists, Greens/EFA, euro-sceptics (EFDD) and nationalists (EFN), which gathered 241 votes (34%). The 10th round of the EU-US trade negotiations on the TTIP took place on 13-17 July 2015 in Brussels. In September 2015 France said it was ready to pull out of talks over the controversial Transatlantic free-trade agreement between the EU and the US, because the 'secretive' negotiations were favouring American interests over French ones. |
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| Source Link | Link to Main Source http://www.europarl.europa.eu/news/en/news-room/content/20150702IPR73645/ |
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| Subject Categories | Trade |
| Countries / Regions | Europe, United States |
