Following on from this
This vote in favour of the TTIP trade deal is an extremely serious development.
In a non-binding recommendation to the European Commission, the European Parliament has proposed the creation of a permanent global investment court to rule on trade disputes between corporate investors and governments under an EU-US trade deal (TTIP).
The Parliament’s modified ISDS would allow corporations to sue governments if they believe that environmental, health or social standards damage their investments.
EXCERPT: A debate held on Tuesday highlighted the divergences in the [European Parliament], with one MEP commenting that the choice in the vote was between the wishes of European people or vested corporate interests.
There was uproar from some MEPs in today’s vote, including among members of EP president Martin Schulz’s own S&D bloc, at what they perceived to be manipulation of voting procedures to ensure no anti-‘ISDS’ (investor-state dispute settlement) amendment would be voted on.
The vote took place at the second time of asking: it was originally scheduled to take place in June, but was controversially postponed at the last minute at the request of Schulz, due to fears that the vote would be lost.