What is TTIP?

ttip

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:

1 The NHS

Public services, especially the NHS, are in the firing line. One of the main aims of TTIP is to open up Europe’s public health, education and water services to US companies. This could essentially mean the privatisation of the NHS.

The European Commission has claimed that public services will be kept out of TTIP. However, according to the Huffington Post, the UK Trade Minister Lord Livingston has admitted that talks about the NHS were still on the table.

2 Food and environmental safety

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.

3 Banking regulations

TTIP cuts both ways. The UK, under the influence of the all-powerful City of London, is thought to be seeking a loosening of US banking regulations. America’s financial rules are tougher than ours. They were put into place after the financial crisis to directly curb the powers of bankers and avoid a similar crisis happening again. TTIP, it is feared, will remove those restrictions, effectively handing all those powers back to the bankers.

4 Privacy

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, there’s always the back door. An easing of data privacy laws and a restriction of public access to pharmaceutical companies’ clinical trials are also thought to be on the cards.

5 Jobs

The EU has admitted that 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.

6 Democracy

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

Leave a Reply

avatar
  Subscribe  
Notify of

   RANDOM ARTICLES

My move to Mirrorless
 A quick chat about my move to Sony. I have always been a Nikon fan, but the temptation of Read more.
Zorba the Greek – Final Dance
The moment Anthony Quinn embraced Greek culture and shared it for the whole world to see. [youtube https://www.youtube.com/watch?v=BS0w3Wkric8] Read more.
New experiments in self-teaching
 I have always been an advocate of experiential learning, for me, the notion of sitting in a classroom being Read more.
Archbishop’s Easter message condemned
Northern Cyprus’ ‘foreign ministry’ on Monday lambasted Archbishop Chrysostomos for his ‘racist’ remarks when he admonished Greek Cypriots for crossing Read more.
Understanding Sexual Consent
What is Sexual Consent? To consent to sexual activity means to give permission for a sexual act to happen because Read more.
Off to Athens
  Decided to take a short trip to Athens, I have been meaning to go for ages, but never got Read more.
Facebook bans British anti-immigrant groups
Facebook has banned 12 high-profile, anti-immigrant British organizations and individuals including the English Defence League, the British National Party, Britain Read more.
My year in review
So as 2018 draws to an end, it's that time of year when we naturally begin to reflect on what Read more.

Follow Me