The Transatlantic Trade and Investment Partnership is the largest free trade agreement ever negotiated and we hear almost nothing about it in our main stream media. Also known as the US-EU Free Trade Agreement and TAFTA, it is currently being negotiated in secret and the public's interests, particularly that of the British public are being questionably represented
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.
Crossposted from Open DemocracyRead more →
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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 →