Meeting the Russian Conventional Challenge CTR Senior Fellow Hans Binnendijk and Franklin D. Mrs May’s Speech Latest commentary by John Bruton, CTR Transatlantic trade and investment partnership ttip negotiations Fellow.
The Russia File: Russia and the West in an Unordered World A new book presenting Russian views on relations with Western countries. Transportation in the Atlantic Basin A collaboration between CTR and the Jean Monnet Network on Atlantic Studies. Nordic Ways Nordic Ways is a new book of 45 insightful essays that shed light on a wide range of topics that embody the Nordic way of life. The Center for Transatlantic Relations engages international scholars, students, government officials, parliamentarians, journalists, business executives and other opinion leaders on contemporary challenges facing Europe and North America. The Austrian Marshall Plan Foundation Program on Central and East European Studies An initiative supporting research and related activities focused on Central Europe.
The Syrian Timebomb is Ticking More Loudly by Robert E. The EU is negotiating a trade and investment deal with the US – the Transatlantic Trade and Investment Partnership – or TTIP. But TTIP can’t be a deal at any price. In 2013 EU governments gave the Commission a mandate to negotiate TTIP. And when we have a final text, it’ll be governments and MEPs who decide.
A detailed report of the 14th round of TTIP talks is now available. It sets out progress achieved, chapter by chapter. The proposal for an Investment Court System builds on the substantial input received from the European Parliament, Member States, national parliaments and stakeholders through the public consultation held on ISDS. It is intended to ensure that all actors can have full trust in the system. Built around the same key elements as domestic and international courts, it enshrines governments’ right to regulate and ensures transparency and accountability.
First Vice-President Frans Timmermans said: “With our proposals for a new Investment Court System, we are breaking new ground. The new Investment Court System will be composed of fully qualified judges, proceedings will be transparent, and cases will be decided on the basis of clear rules. In addition, the Court will be subject to review by a new Appeal Tribunal. What has clearly come out of the debate is that the old, traditional form of dispute resolution suffers from a fundamental lack of trust. However, EU investors are the most frequent users of the existing model, which individual EU countries have developed over time. Multiple and parallel proceedings will be avoided. This is not the end of the process.
The Commission will now have discussions with the Council and the European Parliament. Once the text of the proposal has been discussed, it will be presented as an EU text proposal in the EU-US trade talks and will be used in other ongoing and future negotiations. Finally, in parallel to the TTIP negotiations, the Commission will start work, together with other countries, on setting up a permanent International Investment Court. The objective is that over time the International Investment Court would replace all investment dispute resolution mechanisms provided in EU agreements, EU Member States’ agreements with third countries and in trade and investment treaties concluded between non-EU countries. The text of the proposal on Investment Protection and Resolution of Investment Disputes and Investment Court System in TTIP is available here. Reading guide to the EU text of the proposal is available here. Blog post by Trade Commissioner Cecilia Malmström “Proposing an Investment Court System” is available here.
5 May 2015 is available here. Directives for the negotiation on the Transatlantic Trade and Investment Partnership between the European Union and the United States of America adopted by the Council on the 17 June 2013, available here. Resolution of 8 July 2015 containing the European Parliament’s recommendations to the European Commission on the negotiations for the Transatlantic Trade and Investment Partnership, available here. Trump has indicated a move away from multilateral trading blocs, a conservative think tank has said. The deal, a central plank of former President Barack Obama’s trade policy, had been lauded by globalists for its geo-political, as well as economic, significance. We want to start making our products again.
We don’t want to bring them in, we want to make them here. That doesn’t mean we don’t trade because we do, but we want to make our products here. Speaking to an audience at a think tank event in Brussels today, EU Trade Commissioner Cecilia Malmström conceded that Trump’s rhetoric meant that TTIP was, if not dead, certainly on ice for the time being. Yet, even if the US is our most important partner, and a necessary one, the world is bigger than one country. Trump or no Trump, we have a long list of many others willing to deal with the EU, and about 20 more trade deals already in the pipeline. Ben Harris-Quinney, chairman of the Bow Group, Britain’s oldest conservative think tank, told Breitbart London that the rhetoric from the two leaders effectively signalled the end, not only of TTIP, but of the age of multilateral trade.
2016 marked a move away from multinational multilateral blocs and a return to bi-lateral trade and relations. The nation state is central again. TTIP has the rare accolade of being unpopular with the right and left. If anything like it does return, it will be in different form, and many, many years from now.