Labour MEPs voted today to keep public services out of the Transatlantic Trade and Investment Partnership (TTIP), and to ensure workers’ rights and environmental standards are protected.
Labour MEPs also voted to rule out ISDS, Investor-State Dispute Settlement, which enables companies to sue governments, from TTIP, though this did not get the support of a majority of MEPs.
TTIP, the proposed EU-US trade deal, is in its early stages, and now that the European Parliament has agreed a position, the European Commission negotiators and EU Member States will have to take it seriously if they want MEPs to accept a final deal.
Jude Kirton-Darling MEP, Labour's European Parliament spokesperson on TTIP, said:
"If done right, this deal between Europe and America has huge potential to grow our economy by several billion pounds a year. However, global trade has to be properly regulated and must not lead to a race to the bottom on standards.
"We have worked hard to ensure public concerns are reflected and that our public services - especially the NHS - and our environmental, food and labour standards, and workers' rights, are protected.
"Labour MEPs have worked to ensure TTIP can have a positive impact on people’s lives. We have been able to secure notable victories in this process and will keep up the pressure to get the right kind of trade deal."