And six reasons why the answer should scare you The Transatlantic Trade and Investment Partnership is a series of trade negotiations being carried out mostly in secret between the EU and US.
As a bi lateral trade agreement, TTIP is about reducing the regulatory barriers to trade for big business, things like food safety law, environmental legislation, banking regulations and the sovereign powers of individual nations. It is, as John Hilary, Executive Director of campaign group War on Want, said: "An assault on European and US societies by transnational corporations." Since before TTIP negotiations began last February, the process has been secretive and undemocratic. This secrecy is on going, with nearly all information on negotiations coming from leaked documents and Freedom of Information requests. But worryingly, the covert nature of the talks may well be the least of our problems. Here are six other reasons why we should be scared of TTIP, very scared indeed: TTIP's 'regulatory convergence' agenda will seek to bring EU standards on food safety and the environment closer to those of the US. But US regulations are much less strict, with 70 per cent of all processed foods sold in US supermarkets now containing genetically modified ingredients. By contrast, the EU allows virtually no GM foods. The US also has far laxer restrictions on the use of pesticides. It also uses growth hormones in its beef which are restricted in Europe due to links to cancer. US farmers have tried to have these restrictions lifted repeatedly in the past through the World Trade Organisation and it is likely that they will use TTIP to do so again. The same goes for the environment, where the EU's REACH regulations are far tougher on potentially toxic substances. In Europe a company has to prove a substance is safe before it can be used; in the US the opposite is true: any substance can be used until it is proven unsafe. As an example, the EU currently bans 1,200 substances from use in cosmetics; the US just 12. Remember ACTA (the Anti Counterfeiting Trade Agreement)? It was thrown out by a massive majority in the European Parliament in 2012 after a huge public backlash against what was rightly seen as an attack on individual privacy where internet service providers would be required to monitor people's online activity. Well, it's feared that TTIP could be bringing back ACTA's central elements, proving that if the democratic approach doesn't work, coach outlet handbags online there's always the back door. An easing of data privacy laws and a restriction of public coach outlet atlanta q100 access to pharmaceutical companies' clinical trials are also thought to be on the coach outlet rosemont il cards. The EU has admitted that coach outlet purses valley TTIP will probably cause unemployment as jobs switch to the US, where labour standards and trade union rights are lower. It has even advised EU members to draw on European support funds to compensate for the expected unemployment. Examples from other similar bi lateral trade agreements around the world support the case for job losses. The North American Free Trade Agreement (NAFTA) between the US, Canada and Mexico caused the loss of one million US jobs over 12 years, instead of the hundreds of thousands of extra that were promised. TTIP's biggest threat to society is its inherent assault on democracy. One of the main aims of TTIP is the introduction of Investor State Dispute Settlements (ISDS), which allow companies to sue governments if those governments' policies cause a loss of profits. In effect it means unelected transnational corporations can dictate the policies of democratically elected governments. ISDSs are already in place in other bi lateral trade agreements around the world and have led to such injustices as in Germany where Swedish energy company Vattenfall is suing the German government for billions of dollars over its decision to phase out nuclear power plants in the wake of the Fukushima disaster in Japan. Here we see a public health policy put into place by a democratically elected government being threatened by an energy giant because of a potential loss of profit. Nothing could be more cynically anti democratic. There are around 500 similar cases of businesses versus nations going on around the world at the moment and they are all taking place before 'arbitration tribunals' made up of corporate lawyers appointed on an ad hoc basis, which according to War on Want's John Hilary, are "little more than kangaroo courts" with "a vested interest in ruling in favour of business." So I don't know about you, but I'm scared. I would vote against TTIP, except hang on a minute I can't. Like you, I have no say whatsoever in whether TTIP goes through or not. All I can do is tell as many people about it as possible, as I hope, will you. We may be forced to accept an attack on democracy but we can at least fight against the conspiracy of silence. Click the Adblock/Adblock Plus icon, which is to the right of your address bar.
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