TTIP – European Parliament votes on recommendations
An EU-US trade deal must open up US market access for EU firms, but not undermine EU standards, say MEPs in recommendations, voted today, to EU trade negotiators.
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, they add.
Parliament approved its recommendations to European Commission Transatlantic Trade and Investment Partnership (TTIP) negotiators by 436 votes to 241, with 32 abstentions.
The 10th round of the EU-US trade negotiations on the TTIP is scheduled for 13-17 July 2015 in Brussels.
A TTIP deal, once drawn up by EU and US negotiators, would need the backing of the European Parliament and the EU Council to enter into force.
More resources on the vote and MEPs work on TTIP: