News From The Web

Political leaders sign appeal to exempt NHS from international trade deal

Political leaders in the UK have signed an appeal not to allow a transatlantic trade deal known as TTIP to promote American business interests in the NHS.

The Transatlantic Trade and Investment Partnership would free up trade between the US and the EU, by allowing companies from either side of the Atlantic to operate under the same rules.

One of its most controversial elements would be the creation of a new supranational court, the Investor State Dispute Settlement (ISDS) through which foreign investors could sue governments, or the EU, over any action or legislation that hurt their businesses.

It is feared that an American private healthcare firm which was prevented from buying up part of the NHS would be able to go to the ISDS and claim millions of pounds in compensation from the British government for lost business.

The appeal drafted by Unite says: “TTIP must not restrict the scope for decisions by any level of government, public authority or NHS organisation relating to public healthcare [and] must not give US investors new rights that they could use to sue any level of government, public authority or NHS organisation because of policies relating to healthcare.”

The appeal has also been signed by the Labour leader, Jeremy Corbyn, Scotland’s First Minister, Nicola Sturgeon, the Ukip leader Nigel Farage, the Green Party leader Natalie Bennett, and Plaid Cymru leader Leanne Wood, and by Peter Robinson of the Democratic Unionist Party, and Sinn Fein’s Martin McGuinness.

Read more.

Bookmark and Share

Post a Comment

Enter this security code

Submit Comment for Moderation