Transatlantic Trade and Investment Partnership

Conference is extremely concerned about theproposed Transatlantic Trade and Investment Partnership (TTIP) Free Trade Treaty, a wide-ranging trade deal giving unprecedented power and influence to transnational corporations that would become the benchmark for all future trade agreements, currently being negotiated between the EU and the USA and recognises the threat posed. While there may  be economic benefits in reducing trade tariffs and reviewing regulation for certain industrial sectors, Conference believes that the primary purpose of TTIP is to extend corporate investor rights. Despite assurances offered by the EU Commission that TTIP will not restrict the right of governments to regulate, the fact is that TTIP will severely restrict the ability of governments to regulate. It does this in two ways, firstly TTIP creates a right for companies to launch a suit for financial compensation if a government introduces a rule or regulation and that rule or regulation has a negative impact on the companys profit, or expected profit. The inclusion of this provision in TTIP will achieve exactly the same outcome as an explicit restriction because of the chilling effect that will be created by the threat of financial consequences, often amounting to billions that will ensue. The result is that elected governments will be unable to afford to regulate. Closely linked to this threat is the widespread concern that the company will be enabled to make their claim against the state in private arbitration - the investor state dispute settlement or ISDS. The idea of secret private courts is unacceptable and in all likelihood unconstitutional. But simply amending TTIP to require companies to launch their claim for compensation in ordinary courts is not the solution. Companies should not be able to launch claims for compensation for indirect expropriation at all, not in private ISDS and not in a court of law. There is  no justification for providing companies with such excessive enhanced protection. Citizens and workers do not have the benefit of similar protections. Conference remains unconvinced by official claims of job creation arising out of TTIP, and considers that the dangers to public services, workers rights and environmental standards outweigh any potential benefits. Conference remains unconvinced about the likelihood of a binding labour rights chapter based on ILO Core Conventions. Conference has similar concerns over current negotiations for the proposed Trade in Services Agreement (TISA) and the Comprehensive Economic Trade Agreement (CETA). Conference believes that on the current path we will be presented with a fait accompli in the form of an inadequate, unacceptable agreement that we have had no chance of influencing or amending and where time will make it difficult to mobilise opposition. Conference therefore resolves that the trade union movement should now call for the TTIP negotiations to be halted and make it clear that workers will never accept any trade agreement that doesn't promote decent jobs and growth and safeguard labour, consumer, environmental and health and safety standards. Conference calls for continuation of lobbying, campaigning and negotiating on these matters, in alliance with the ETUC and AFLCIO and other civil society organisations with similar views. Adopted as Amended

Executive Council