The VCI on the postponed TTIP resolution of the European Parliament

Negotiations should not be delayed

From the perspective of the German chemical industry association VCI, the postponed vote on the TTIP resolution currently poses no problems for the negotiations. At the same time, VCI's director general Utz Tillmann calls upon the European Commission to continue the negotiations without undue delay and to bring about substantial reform in investor protection.

From the perspective of the German chemical industry association VCI, the postponed vote on the TTIP resolution of the European Parliament currently poses no problem for the negotiations. The VCI’s director-general Utz Tillmann stated: “In view of the large number of amendments, it is quite understandable that Parliament President Schulz has referred back the resolution to the committee, where the work on the content of TTIP can be done calmly and in a matter-of-fact approach. We trust that an agreement in the European Parliament will be reached soon. At the same time, we are calling upon the European Commission to continue the negotiations without undue delay and according to the negotiating mandate and to bring about substantial reform in investor protection. Good negotiating results are the best argument against criticism.”

Tillmann explained: “TTIP offers a great opportunity to invigorate the transatlantic relations – economically and beyond. For the German chemical industry the decisive advantage of TTIP would be regulatory cooperation, with lasting impulses for the industry.” Regulatory cooperation in the chemical sector is a chance to reduce unnecessary duplication and bureaucracy costs in the short term and to establish joint, ambitious protection standards of global model character in the long run. The VCI’s director-general also emphasised the following: “We take the concerns of the European Parliament Members and of the general public seriously. TTIP will by no means lower the safety standards in the chemicals legislation. The German chemical industry is committed to REACH.”

Reformed investor protection – a responsible contribution to shaping globalisation

Tillmann urgently requested the European Parliament to take a position on investor-state arbitration that leaves room for far-reaching reform, as is pursued by the Commission: “The VCI, too, speaks for an international investment court with professional judges in the medium term. But private arbitration courts are needed as an interim solution. As the next step, the long overdue reforms of the existing system need to be implemented soon. This includes clarification regarding the regulatory autonomy of the state, more transparency and an appellate body. Reformed investor protection under TTIP is a responsible contribution to the shaping of globalisation.”


The VCI represents the politico-economic interests of over 1,650 German chemical companies and German subsidiaries of foreign businesses. For this purpose, the VCI is in contact with politicians, public authorities, other industries, science and media.The VCI stands for over 90 percent of the chemical industry in Germany. In 2014 the German chemical industry realised sales of more than 190 billion euros and employed 444,800 staff.

Contact: VCI Press Dept., Phone: +49 69 2556-1496, E-Mail: presse@vci.de
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More information

VCI's most important arguments and positions on TTIP PDF 81 Kb

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Jürgen Udwari

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