TTIP effects and safeguards
Deputy Murphy seeks a full debate on TTIP, warning that investor protections may benefit large companies and disadvantage states. The Tánaiste says evidence will be examined and maintains that environmental, labour and food standards, along with Governments’ regulatory rights, will be protected.
My questions were primarily focused on TTIP and the changes that it will bring about. Looking at some of the evidence from Canada on the approximate tally of winners and losers, the big winners are extra large companies, the very rich individuals, the investor-state dispute settlement, ISDS, legal sector and large companies. The big losers are the respondent countries. This is information that came from Gus Van Harten, professor of law at the York University of Toronto in Canada, who visited recently and participated with the environmental pillar.
On the evidence that is being looked at, is the Government looking at evidence from other countries where this mechanism has been in place because the graph for claims is significant? If the people will be included in a decision that will be made on their behalf, the offer of us going, as parliamentarians, over to the Department of Jobs, Enterprise and Innovation and looking, and not being able to reveal what we see, is not an acceptable approach.
Comment on this
We need to have a complete debate. Whether that debate is taken off campus and we have experts brought in, that debate cannot be a limited debate.
Comment on this
Has the Tánaiste looked at the evidence from elsewhere?
Comment on this
Of course, the evidence will be looked at and the relevant committee will have an opportunity to have further discussion on this. I have two points to make in its regard. First, all existing regulation, for example, on the environment, labour and food, will be protected. Second, it is important to note that the right of Government to regulate will be protected. Those are two important points in its regard.