TTIP Of The Morning

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Taoiseach Enda Kenny and US President Barack Obama

You may recall the Transatlantic Trade and Investment Partnership deal between the European Union and the US.

Part of the deal involves an ‘Investment Court System’.

Further to this…

Peter O’Dwyer, in today’s Irish Examiner, reports:

One of the most controversial aspects of the proposed deal is the inclusion of an investment court system (ICS), which critics argue would give corporations the power to sue sovereign states in trade disputes.

… Dublin-based senior counsel and former chairman of the Bar Council of England and Wales Matthias Kelly said the proposed investment court would “certainly infringe” upon the Irish Constitution in two areas and possibly three. In his opinion, the investment court system would:

Possibly infringe on Article 15.2.1 which vests sole power to make law in the Oireachtas;

Certainly infringe on Article 34.1 which vests the power to dispense justice in the Irish domestic courts;

Certainly infringe on Article 34.3.2 which makes the High Court and Appellate Courts above it the sole court in which a law may be questioned.

‘Referendum required’ in transatlantic trade deal (Peter O’Dwyer, Irish Examiner)

Previously: Luke’s TTIP

35 thoughts on “TTIP Of The Morning

  1. Shelbyville Manhattan

    Under TTIP, Leicester City would not have been allowed to win the league. The Rothschilds would have been able to sue them in Galactic Court to have Jamie Vardy’s leg broken.

    I know this because a guy on Facebook told me.

    1. Ronan

      Monsanto will also be able to force-feed you gluten from genetically modified wheat, and then charge you royalties on all of your fecal waste.

    2. MoyestWithExcitement

      Hopefully the news will tell you that south American currently tries like Argentina (iirc) actually HAVE been sued, SUCCESSFULLY, for loss of earnings by American multinationals and TTIP will open that door for them here.

          1. MoyestWithExcitement

            Obviously. I mean, if you haven’t read about it or can’t be bothered googling it, it must not have happened. I don’t know why I bother humouring little trolls like yourself.

          2. Sheik Yahbouti

            What is it with all the Yes men, Moyest? They, like ourselves can do basic research and can form a view on the basis of that research. Jesu, I’ve never been a conspiracy theorist, but I’m beginning to lean that way. It appears that there are actually fees to be earned from “opinion forming”, and I’m not talking about beauty products or effin ‘parenting’. This bodes ill.

      1. Kevin M

        Canada is the 4th most sued nation under ISDS agreements.

        There are financial companies that invest in multinational’s cases against states for a share of the pay out.

        Australia is currently being sued for plain packaging on cigarettes.

        Veolia sued Egypt for daring to increase the minimum wage.

        The United States has never lost a case brought against it.

      1. Shelbyville Manhattan

        But there’s so much political capital to be made, so much virtue to be signalled, so many likes/shares/retweets to be gained…in simply making things up about TTIP.

        1. MoyestWithExcitement

          Except that American corporations getting the power to sue European countries for loss of earnings isn’t made up. People might be suspicious about your need to be dismissive of these concerns.

          1. Cian

            Under TTIP (of what we know of) can European companies sue the USA for similar reasons? does it work both ways?

          2. MoyestWithExcitement

            As far as I know, yes but America has a pretty lax view to regulation so the chances of any corporations having cause to sue America are pretty slim.

  2. Sido

    Does anyone think the people drafting this “agreement” give a **** what it says in the Irish Constitution?

    1. Sido

      So next question – Does anyone think the people drafting this “agreement” give a **** about democracy?

      N.B. – Should it come to pass, which is debatable, given that we might have President Trump next January, amongst other things.
      Then no doubt, if it does happen, they’ll get Gauleiter Kenny to explain to us that its an “agreement” and not a “law” – which is – err …you know OK ish.

  3. Kevin M

    TTIP is a corporate power grab and a reduction of standards and regulations. The U.S will not increase it’s standards in food safety or cosmetics etc.

    The UK activist group War on Want says it could cost the Irish farming sector 70,000 jobs.

  4. AshbourneFanny

    Being marched into multiple referendums to ratify the necessary constitutional amendments with the shrill exhortations of RTE and INM ringing in our ears ( “JOBS! STABILITY!”) sounds like a great laugh. I wonder if we’ll need two votes or more before we arrive at the desired result this time?

    1. pedeyw

      From Wikipedia: “On 12 December 2008 the Taoiseach, Brian Cowen confirmed that a second referendum would be held, after an EU leaders summit agreed to keep 1 Commissioner per member state and to incorporate legally binding guarantees on abortion, taxation and military neutrality in the Croatian Accession Treaty.”

    2. Liam Deliverance

      I don’t think there will be any voting for the person on the street with regards to TTIP, Enda K and his cronies will have the only word on this I believe

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