TTIP - the nightmare being secretly negogiatedThere have already been a few blogs on this site about TTIP (the Transatlantic Trade and Investment Partnership). The Establishment Media, however, remain relatively quiet on the issue as do the politicians, officials and business people negotiating on the issue.
The War On Want definition is a good one:
The Transatlantic Trade and Investment Partnership (TTIP) is a comprehensive free trade and investment treaty currently being negotiated – in secret – between the European Union and the USA. As officials from both sides acknowledge, the main goal of TTIP is to remove regulatory ‘barriers’ which restrict the potential profits to be made by transnational corporations on both sides of the Atlantic.
Yet these ‘barriers’ are in reality some of our most prized social standards and environmental regulations, such as labour rights, food safety rules (including restrictions on GMOs), regulations on the use of toxic chemicals, digital privacy laws and even new banking safeguards introduced to prevent a repeat of the 2008 financial crisis.
Trade agreements are hard to get your head around and see how they could impact on you. It is therefore good to have a few concrete examples.
According to sumofus.org the agreement would mean 'Europe would increase US fossil fuel imports - resulting in more fracking in the US, an increased reliance on fossil fuels in the EU and more climate emissions across the board.'
TTIP would allow fossil fuel companies to sue governments for trying to tackle climate change. Similar rules in other trade deals have allowed Swedish energy company Vattenfall to sue Germany for phasing out nuclear power and replacing it with renewables. In a secret court, the company is demanding a whopping 4.7 billion Euros in compensation.
I have just signed a 38 Degrees petition against TTIP with a view to helping bees. TTIP is great news for Syngenta and the big pesticide companies. But awful news for our bees and the vegetables, flowers and hedgerows they pollinate. At the moment the EU has banned bee-killing pesticides, but under TTIP the pesticide companies could sue Europe for banning their environmentally deadly products.
The EU has already made worrying concessions to the US to facilitate the TTIP deal by dropping plans to regulate hormone-damaging chemicals linked to cancer and male infertility.
Our Green MEP, Molly Scott Cato and other Green MEP's are fighting hard against TTIP. Molly supported the Day of Action against TTIP on 22nd August.
If the above does not get you angry see this article in the Independent suitably entitled-
'If you're not already terrified about the potential human cost of TTIP, these examples will do it.'