Theresa May's Brexit Plan Will Leave Britain Subject To Secret Global Trade Courts
Theresa May’s plan for Brexit could leave the UK exposed to a network of secret international courts able to rule in corporations’ favour over the NHS, food standards, environmental rules and more, leading trade experts have told BuzzFeed News.
In a detailed speech in January, May set out a plan for Brexit which would see the UK becoming a pioneer of free trade, signing deals with countries across the world, and leaving the jurisdiction of the EU’s highest court, the Court of Justice (ECJ). May and her ministers have said they want to sign deals quickly to show the UK can be a “great, global trading nation” after Brexit.
But trade experts have warned that signing such deals without the EU judicial system will almost inevitably mean signing up to systems known as “ISDS” (Investor State Dispute Settlement) – secretive, binding arbitration systems that can force countries to overturn their laws when it hurts corporate interests. These formed the core of international opposition to trade deals such as TTIP (between the EU and US) and CETA (between the EU and Canada).
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“If the narrative is the UK doesn’t want to be subject to ‘unaccountable’ courts then the UK simply cannot enter into trade deals,” Professor Geert van Calster, head of law at the University of Leuven, told BuzzFeed News.
https://www.buzzfeed.com/jamesball/theresa-mays-brexit-plan-will-leave-britain-subject-to-secre