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And my understanding is that there would be no change in consumer protection and that 'big corporations' would indeed be able to sue Governments IF for example like in Zimbabwe or Venezuela they arbitrarily 'took over' I.e. nationalised private firms.
Here's few myths exploded (unless, of course, you believe our elected government is controlled by Monsanto)
https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/329315/BIS-14-883-Transatlantic-trade_and-investment-partnership-separating-myth-from-fact.pdf
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