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TUC general secretary Frances O’Grady will call time on “zombie trade deals” in Brussels today.
Addressing the European Commission Trade Policy Day, Ms O’Grady will call for the European Parliament, and national parliaments such as Westminster, to reject trade agreements that are not made in the public interest.
This includes pro-privatisation deals such as the Transatlantic Trade and Investment Partnership and the EU-Canada Comprehensive Economic and Trade Agreement (Ceta).
“The row in the European Parliament over foreign investor privileges in the EU-US trade deal proves that old-style Investor-State Dispute Settlement (ISDS) is dead — no-one supports it anymore on the left, on the right or in the commission,” she will say.
Ms O’Grady will argue that the “undead presence” of ISDS, which will give private companies the power to sue governments who return services to the public sector, is still being forced on Britain through Ceta, under which US firms established in Canada could take legal action against European governments.
