main criticism of free trade agreements with the US are private arbitration, can draw in the future against the corporations are. Economy Minister Sigmar Gabriel now submit a compromise proposal: For disputes a US-European commercial court should be established.
In the dispute over the planned FTA TTIP Sigmar Gabriel (SPD) has a report, presented plans for a US-European trade court. Instead before private arbitration should disputes between corporations and governments to decide “exclusively of a permanent bilateral international court,” quoted the “Süddeutsche Zeitung” on Saturday from the paper.
According to the concept of fixed judges shall be appointed for the Court, which would have to rule on any dispute – one third of the judges of the EU and its Member States, one-third of the United States, one-third share. Each chamber should therefore consist of three ordinary judges, who must demonstrate their independence and impartiality. The process should also be held in public.
Draft already in EU Trade Commissioner
Gabriel had let the 30-page draft coming EU Trade Commissioner Cecilia Malmström, the near future cornerstones of the so-called ISDS wants to present procedures between states and investors, the newspaper writes.
Critics of private arbitration tribunals miss in the previous considerations also a court of appeal. The advance from the Ministry of Economy sees loud “SZ” own Appeals Chamber before: five judges, jointly appointed by the US and the EU
Free Trade Agreement:. Arbitral tribunals as controversy
The date provided for private arbitration among the biggest points of contention in the negotiations on the Free Trade Agreement between the European Union and the United States. The TTIP Opponents fear that companies are charging, citing the agreement for compensation for unwanted laws and thus indirectly could put pressure on governments. Such tribunals can be found already in many trade agreements.
The model of a US-European trade Court developed according to the report of the international law expert Markus Krajewski Erlanger for the Ministry of Economy. “What we do with it, is no longer arbitration, but a normal court,” he told the newspaper “Süddeutsche Zeitung”. First, however, would have the other EU countries swivel on the German advance. Many consider to this day the tribunals not problematic
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Oppermann criticized TTIP opponents
SPD parliamentary leader Oppermann practiced meanwhile strongly criticized the TTIP opponents. He accused them of an unobjective dealing with facts. “We are witnessing here a mixture of fear and globalization, anti-Americanism, a mood that thrive in the prejudices and false rumors,” said the SPD parliamentary leader of “Wirtschaftswoche”. Legitimate concerns would be taken seriously, he stressed: “Nothing we appreciate about social, cultural and public standards, may be provided by TTIP question.” However, it is very important to arrive at a transatlantic free trade area, “If we do not seize this opportunity, are quite different dictate global standards.”
About the FTA TTIP with the United States is negotiating since July 2013 , Advocates hope for a huge boost for the economy on both sides of the Atlantic, by tariffs and other barriers to trade. Critics see threats to the rule of law and democracy, they feared an erosion of standards of consumer protection and food safety as well as a detriment of European culture. The pan-European alliance Stop TTIP already collected more than 1.7 million signatures. The alliance is supported by nearly 400 organizations
Short explanation in the video. This is how a free trade agreement
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