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Misinformed MPs put vital EU-US trade deal at risk - IoD

16 Jan 2015

Underwhelming debate in Parliament shows politicians must do more to understand benefits of TTIP

Poorly informed MPs risk jeopardising a trade deal which could bring huge benefits to Britain’s small and medium sized companies, business leaders have said today. The Institute of Directors lamented the poor quality of the debate in Parliament on the contentious EU-US trade agreement, with many members of the Commons clearly confused about central elements of the deal.

Allie Renison, Head of EU and Trade Policy at the Institute of Directors, said:

“MPs need to engage properly in the discussions around TTIP rather than jumping on the misinformation bandwagon that is currently rolling across Europe. IoD members are clear that we need the deal, with 9 out of 10 backing it to create jobs and growth.

“Many of TTIP’s loudest opponents claim to be in favour of free trade, while hiding their protectionist agenda behind misleading scaremongering about the NHS and investor-state dispute settlement.

“Trade unions, meanwhile, have mistakenly tried to paint TTIP as the plaything of multinationals, despite the fact that small and medium sized enterprises actually stand to benefit the most. Politicians who are close to trade unions have a particular duty to stand up and make the case for increasing exports and boosting inward investment.”

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