STOP TTIP (Transatlantic Trade and Investment Partnership): working to help inform and engage the public about the serious consequences of the US- EU Free Trade Agreement currently being negotiated in secret
The US/EU Free Trade agreement (also known as The Transatlantic Trade and Investment Partnership (TTIP) or The Transatlantic Free Trade Area (TAFTA)) is the largest free trade agreement ever negotiated and the details of it are being negotiated in secret and the mainstream media is hauntingly silent about it.
The European states are being represented by the European Trade Commission which as it was revealed brilliantly in a documentary called the Brussels Business, is powerfully influenced by corporate interests.
There have been leaked documents. The inclusion of the ISDS which is the Investor State Dispute Settlement was discovered in one of these leaks covered extensively by independent media but not the mainstream.
The ISDS is a provision that allows corporations to sue national governments if any of the corporations’ future making profits are affected by actions of the governments. Any future environmental and employment law are set to lose all their power. A similar version of it is present in NAFTA the North American Free Trade Agreement (Mexico/Canada/US), called the Settlement of Disputes Between a Party and an Investor of Another Party which is Section B of NAFTA. There already have been many suits aimed against governments bodies. The first one being Ethyl v Canada which transpired because Canada passed a law banning a gasoline additive called Methyl Maganese that has been proven to be nuero-toxic. Ethyl filed suit, based on the fact that this law restricted trade which led to Canada apologizing, paying $13,000,000 to Ethyl and withdrawing the safety laws, before going to any judiciary. That is just one of the many sorts of circumstances that will happen in Europe if the ISDS is allowed to remain in the TTIP.
ARTICLES RELATED TTIP
75,000 companies that could sue governments due to TTIP
Governments that pass legislation in the name of the public good in areas like financial reform, environmental protection, worker and consumer rights, could be sued by foreign corporations in special private trade tribunals under the controversial Investor State Dispute Settlement (ISDS) mechanism proposed under TTIP.
ISDS would give preferential treatment to US and EU companies operating in each other’s[...]
The latest from Glyn Moody about the Cost to Benefit Ratio in the TTIP – Trans-Atlantic Trade and Investment Partnership. Benefits amount to less than 0.05% extra GDP added per year and the costs are a cause for concern.
As we draw near to the conclusion of TAFTA/TTIP’s first year of negotiations, the detailed differences are starting to emerge between the US and EU. But one thing they both[...]
EU Greens defeated on proposal for European Court to act as filter in Investor-State Dispute Settlements
Investor-State Dispute Settlement (ISDS) has been the focus of critics of the EU-US Free Trade Agreement/ TTIP (Transatlantic Trade and Investment Partnership) – and European Union (EU) Greens are against the inclusion of ISDS, which would allow corporations to take nation states to court in the event that national laws were detrimental to their profit margins.Read more →
In 2013, investors initiated at least 57 known Investor-State Dispute Settlement (ISDS) cases pursuant[...]
Speculative investors claim at least 1,7 billion Euros from crisis-hit countries
Speculative investors are claiming more than 1,7 billion Euros in compensation from Greece, Spain and Cyprus in private international tribunals – for measures implemented to deal with economic crises, a new report released today by the Transnational Institute (TNI) and Corporate Europe Observatory (CEO) reveals.Read more →
For the Press Release from TNI and Report:
Speculative investors claim at least 1,7[...]
TTIP LEAKED DOCUMENTS
Original Post in the Corporate Europe Observatory
December 16th 2013
A leaked EU negotiating proposal  for the far-reaching free trade agreement with the US reveals the European Commission’s plans to fundamentally change the way regulations to protect consumers, labour and the environment will be adopted in the future. The proposal follows a persistent campaign by business lobby groups on both sides of the Atlantic to use the[...]Read more →
Wallach’s TAFTA 101 crammed into a twelve minute edit from the TAFTA symposium held in Washington DC on 9 July, 2013.
Keiser report talks of the free trade agreement at the 8 minute mark.