Call for parliamentary scrutiny of trade deals
As the government gets ready to leave the EU, the UK has to
rethink its entire trade policy. Already informal discussions are starting up
around UK trade deals with the US and over a dozen other countries.
The government can’t take formal action on new trade
arrangements until the UK exits the EU. But it can take action right now on the
UK’s existing Bilateral Investment Treaties. This would also set the scene for
future trade deals, especially on the vital issue of corporate courts
The UK has more than 100 Bilateral Investment Treaties. Like
TTIP and CETA, these deals include a parallel judicial system that allows
companies to sue governments at private international tribunals. Companies are
challenging policies on everything from changes to environmental legislation,
labour laws, decisions regarding tariffs for water and electricity to measures
put in place in the aftermath of the 2008 financial crisis.
The development of the UK’s new trade policy provides a huge
opportunity to ensure trade works for people and planet. Getting our approach
right for existing treaties will help to shape our future trade arrangements.
And we can start now by making a fundamental change to the excessive rights
offered to companies in existing Bilateral Investment Treaties.
Please ask your MP to call for a fundamental change to the
UK’s Bilateral Investment Treaties.
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