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147349
star this property registered interest false more like this
star this property date less than 2014-11-10more like thismore than 2014-11-10
star this property answering body
Department for Business, Innovation and Skills more like this
unstar this property answering dept id 26 remove filter
star this property answering dept short name Business, Innovation and Skills more like this
star this property answering dept sort name Business, Innovation and Skills more like this
star this property hansard heading Transatlantic Trade and Investment Partnership more like this
star this property house id 2 more like this
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25277
star this property pref label House of Lords more like this
star this property question text To ask Her Majesty’s Government why the investor-state dispute settlement system in the proposed Transatlantic Trade and Investment Partnership will not be dealt with by United Kingdom courts. more like this
star this property tabling member printed
Baroness Jones of Moulsecoomb more like this
star this property uin HL2753 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
unstar this property date of answer less than 2014-11-19more like thismore than 2014-11-19
star this property answer text The Transatlantic Trade and Investment partnership (TTIP) will be an agreement with 28 EU countries and the US. In the case of the UK, it has over 90 existing bilateral investment treaties with other countries across the world, UK domestic courts and the UK legal system remain the main route for resolving the overwhelming majority of disputes that foreign investors may have with the actions of the UK Government. Investment protection provisions and Investor-state dispute settlement (ISDS) clauses in trade and investment treaties are nonetheless valued by investors for providing certainty and protection from discriminatory action by host governments. Well-formulated investment protection and ISDS provisions have the potential to encourage investment while placing effective safeguards on the Government’s ability to regulate in the public interest. The Government believes it is in the UK's interest to create modern investment provisions in the Transatlantic Trade and Investment Partnership (TTIP) to both encourage investment and create a potential model for future trade and investment agreements with other countries. As such, we would want the ISDS mechanism in TTIP to be in line with best practice, including the new The United Nations Commission on International Trade Law (UNCITRAL) Rules on Transparency in Treaty-based Investor-State Arbitration.
star this property answering member printed Lord Livingston of Parkhead more like this
star this property question first answered
remove filter
star this property answering member
4278
star this property label Biography information for Lord Livingston of Parkhead more like this
unstar this property tabling member
4297
unstar this property label Biography information for Baroness Jones of Moulsecoomb more like this