Newspaper: Gabriel sets plan for TTIP trading Court – THE WORLD

Berlin – German Economics Minister Sigmar Gabriel (SPD) has let work out a concept for the trade Tribunal proposed by him to a newspaper report to the controversial transatlantic to save FTA TTIP.

In this way, he wants to dispel the controversy theme of investor protection. Such a European-American Trade Tribunal is invited to act in place of the controversial arbitration of conflicts between corporations and governments. Now Gabriel has to draw up a draft treaty and allow EU Trade Commissioner Cecilia Malmström come as the “Süddeutsche Zeitung” (Saturday) reported that there is the concept.

Thus, would firm appointed judges who would have to rule on any dispute – one third of the EU and its Member States, one-third of the United States, one-third share. Each chamber is to consist of three judges who must demonstrate their independence and impartiality. The process should take place in public.

The previously provided arbitration among the biggest points of contention in the negotiations. It is feared that corporations are charging, citing the TTIP Agreement compensation for unwanted laws and thus indirectly put pressure on governments could. Such tribunals can be found according to the report already in many trade agreements. They often sit thus non-public, the “judges” are not rare lawyers who were able to choose the parties.

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