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Showing posts with label TTIP. Show all posts
Showing posts with label TTIP. Show all posts

August 2, 2015

EU-Digest July-August Poll results shows majority polled want stronger European Union - by RM

A recent EU-Digest poll  (see insert) shows a majority of those polled favor a stronger, better structured and governed European Union.

Only 20%  favored a return to independent nationhood for the 28 nation member Union.

A large percentage (40%) felt that the EU has not become stronger, or more unified over the past 10 years to face the challenges of globalization

If there is any finger pointing to be done about the progress that has been made so far in Bruxelles, as to creating a stronger and better functioning Union, it must be noted that more than half of the 28 EU governments are run or led by Conservative and right-leaning Liberal governments. This political picture is also reflected in the EU Commission and the EU Parliament.

Consequently legislation on a Financial Transaction Tax, the regulation of casino capitalism, off-shore tax evasion, an independent foreign policy, or more social justice in the area of immigration and migrant policies have not been forthcoming. Mainly because legislation within the EU and among member states has been blocked by inward looking nationalist and conservative political forces 

Another major issue looming high above the EU's weak and "toothless" legislative structure is the Transatlantic Trade and Investment Partnership, or TTIP, as it is known. TTIP will be the most important global trade agreement of its kind, representing nearly half of the world's GDP.  It is a trade deal between the USA and the EU, whose impact will be felt by all and everyone.

Is the EU able to control these negotiations, or at best, to keep them on an even playing field against the slick US corporate trained and supported negotiating team? Not really, if one looks at how the US's NSA got away with spying on the EU commission, EU corporations, local EU governments and EU citizens.

Bottom-line: Europe needs some imaginative thinking and vision to lift it out of its current torpor.

Watered down solutions will eventually bring this amazing and most promising global project of this century, called the EU, which has brought peace and prosperity to the European continent now for over 50 years, to a standstill.

Our new EU-Digest is about the election of the EU President  - should it be by popular vote or by parliamentary majority ? 

EU-Digest 

July 9, 2015

TTIP: US House of Reps says: "Europe Can't Boycott Israel"

According to the PNN, Israel’s Ynetnews indicated that two versions of the law had been presented to the House of Representatives and the Senate, clarifying that both versions included the section obligating EU countries to refrain from the boycott of Israeli products.

This section states that any affiliation and cooperation with the Boycott, Divestment and Sanctions (BDS) movement on the part of EU countries is in violation of the “principle of non-discrimination’ statute in the General Agreement on Tariffs and Trade (GATT).

According to Ynetnews, the second law did not pass at this stage due to disputes with respect to compensation for businesses in Europe. There was also severe opposition from Obama’s own Democrats, but it is expected that an agreement will be reached between the House of Representatives and the Senate during the coming days.

From the moment that an agreement is reached, a unified document will be presented to the American President, Barack Obama, for a review of the trade agreement as soon as possible. He will then sign the document and it will be put to the vote in the House of Representatives and the Senate.

Note EU-Digest: This is a "pipe dream" - US House of Representatives can't tell the EU what to do.

Read more: US House of Reps: Europe Can't Boycott Israel - International Middle East Media Center

June 28, 2015

EU-US Trade Pact: Poll shows majority of Europeans not in favor of all aspects potential EU - US trade agreement

A recent EU-Digest poll conducted from  May through June as to EU citizens concerns related to a potential Trans Atlantic Trade Pact  (TTIP) between the EU and the EU shows that all respondents in this poll voiced concerns about the possibility that this EU-US trade pact could be providing US corporations access/controls over EU Public Health, Communications, Education, Insurance, Water and Energy services.

A new EU-Digest poll, which runs from the 27th of June till the end of July focuses on the overall state of "health" of the EU, given the challenges it faces and its ability to tackle these problems,

The new EU-Digest poll is also quite relevant, given the possibility of a Greek economic default and the impact it could have on the EMU and the EU as a whole.

EU-Digest 

May 27, 2015

TTIP: EU dropped pesticide laws due to US pressure over TTIP, documents reveal

US trade officials pushed EU to shelve action on endocrine-disrupting chemicals linked to cancer and male infertility to facilitate TTIP free trade deal.

EU moves to regulate hormone-damaging chemicals linked to cancer and male infertility were shelved following pressure from US trade officials over the Transatlantic Trade and Investment Partnership (TTIP) free trade deal, newly released documents show.

Draft EU criteria could have banned 31 pesticides containing endocrine disrupting chemicals (EDCs). But these were dumped amid fears of a trade backlash stoked by an aggressive US lobby push, access to information documents obtained by Pesticides Action Network (PAN) Europe show.

On 26 June 2013, a high-level delegation from the American Chambers of Commerce (AmCham) visited EU trade officials to insist that the bloc drop its planned criteria for identifying EDCs in favour of a new impact study.

Minutes of the meeting show commission officials pleading that “although they want the TTIP to be successful, they would not like to be seen as lowering the EU standards”.
The TTIP is a trade deal being agreed by the EU and US to remove barriers to commerce and promote free trade.

Responding to the EU officials, AmCham representatives “complained about the uselessness of creating categories and thus, lists” of prohibited substances, the minutes show.

The US trade representatives insisted that a risk-based approach be taken to regulation, and “emphasised the need for an impact assessment” instead.

On 2 July 2013, officials from the US Mission to Europe visited the EU to reinforce the message. Later that day, the secretary-general of the commission, Catherine Day, sent a letter to the environment department’s director Karl Falkenberg, telling him to stand down the draft criteria.

“We suggest that as other DGs [directorate-generals] have done, you consider making a joint single impact assessment to cover all the proposals,” Day wrote. “We do not think it is necessary to prepare a commission recommendation on the criteria to identify endocrine disrupting substances.”

The result was that legislation planned for 2014 was kicked back until at least 2016, despite estimated health costs of €150bn per year in Europe from endocrine-related illnesses such as IQ loss, obesity and cryptorchidism – a condition affecting the genitals of baby boys
.
A month before the meeting, AmCham had warned the EU of “wide-reaching implications” if the draft criteria were approved. The trade body wanted an EU impact study to set looser thresholds for acceptable exposure to endocrines, based on a substance’s potency.

“We are worried to see that this decision, which is the source of many scientific debates, might be taken on political grounds, without first assessing what its impacts will be on the European market,” the chair of AmCham’s environment committee wrote in a letter to the commission. These could be “dramatic” the letter said.

In a high-level internal note sent to the health commissioner, Tonio Borg, shortly afterwards, his departmental director-general warned that the EU’s endocrines policy “will have substantial impacts for the economy, agriculture and trade”.

The heavily redacted letter, sent a week before the EU’s plans were scrapped continued: “The US, Canada, and Brazil [have] already voiced concerns on the criteria which might lead to important repercussions on trade.”

The series of events was described as “incredible” by the the Green MEP Bas Eickhout. “These documents offer convincing evidence that TTIP not only presents a danger for the future lowering of European standards, but that this is happening as we speak,” he told the Guardian.

A commission spokesperson insisted that health and environmental concerns would be fully addressed, despite pressure from industry or trade groups.

“The ongoing EU impact assessment procedure is not linked in any way to the TTIP negotiations,” the official said. “The EU will proceed to the adoption of definitive criteria to identify endocrine disruptors, independently from the further course of our TTIP negotiations with the US.”

Note EU-Digest: "the statement by the commission spokesperson on the issue, however,  does not sound very convincing"

Read more: EU dropped pesticide laws due to US pressure over TTIP, documents reveal | Environment | The Guardian

EU: Poll shows majority EU citizens want refugees stopped before they cross Mediterranean - by RM

Europeans want refugees stopped at departure points
In a recent poll conducted by EU-Digest in April and May 88.89%  polled said refugees and migrants should be stopped before they make the dangerous Mediterranean crossing.

Only 11.11% said that those reaching EU shores should be processed as legal immigrants.

No one  polled felt that the EU had done an effective job so far in coping or dealing with this momentous problem

The new recently posted EU-Digest poll (May 27 thru June 27) focuses on the increased concerns surrounding the secretive Transatlantic Trade Negotiations ( TTIP) between the European Union and the USA.

Critics say this controversial trade deal presently being negotiated will remove safety standards on a large number of essential products, including agricultural products, pesticides, food and medicines, as well as dismantle financial regulations designed to prevent banks from creating another financial crisis, to mention just a few.

The agreement would also make it easier for multinationals to sue governments and could lead to significant slashes in EU regulatory laws related to environmental pollution controls and a variety of safety and health standards.


EU-Digest

April 27, 2015

Europeans Fight U.S. Trade Deal With Fear of McHospitals, Fracking Under Eiffel Tower (and they should)-by Leo Cendrowicz

It will afflict Europe with American abominations on an almost Biblical scale: cheap and dirty food, toxic waste, mind-numbing movies and television, gas-guzzling cars, all while scrapping healthcare and erasing labour rights.

That, at least, is how angry European activists are painting a planned trade deal between the European Union and the United States. A legion of horrors has been evoked about an agreement known as the Transatlantic Trade and Investment Partnership, or TTIP, which is currently under negotiation.

Dozens of groups have sprung up to oppose the planned pact, like Stop TTIP (whose website describes the deal as “a corporate coup that will put power and money into the hands of corporations and away from the elected government.”) and No TTIP (“TTIP would lock in the privatization of our public services, erode government protection for people and the environment and threaten a new round of unjust economic reforms forced on the poor”).

U.S. and E.U. officials are currently in New York this week for their ninth round of talks to hammer out the details of deal. But on Sunday, tens of thousands of protesters marched through the streets of Berlin, Brussels, Vienna, Madrid, Helsinki, Warsaw, Prague and other cities in simultaneous colorful demonstrations against TTIP.

Europe’s anti-TTIP campaigners characterize the plans as a diabolical plot to allow the likes of McDonalds to take over hospitals, Exxon to frack under the Eiffel Tower, and Google to take over parliaments. “It’s the most contested acronym in Europe,” admits Cecilia Malmström, the E.U. trade commissioner, who is in charge of the European side of the negotiations.

Work on TTIP will continue for the moment. Planned for over a decade before its formal launch in 2013, the negotiations are expected to last at least another two years. But the real test will come when the ratification process begins in European and American legislatures – some 898 amendments have so far been proposed in the European Parliament’s TTIP wish list.

 If anger continues to swell, it could dilute TTIP or derail it completely. If that happens, TTIP’s many opponents would celebrate. Whether their interests would be served by the trade pact’s demise is another matter. But even TTIP’s supporters accept that in its current form, the agreement has become a lightning rod for almost every European discontent.

Read more: Europeans Fight U.S. Trade Deal With Fear of McHospitals, Fracking Under Eiffel Tower - The Daily Beast

April 18, 2015

Say No To TTIP (US-EU): The world’s largest free trade zone is coming – what will it mean?

The US, on the other hand, is the largest commercial grower of GM crops in the world. It wants the EU’s regulatory process to be harmonized.
 
The EC says the trade deal will not see laws changing on GMOs: “Basic laws, like those relating to GMOs or which are there to protect human life and health, animal health and welfare, or environment and consumer interests will not be part of the negotiations.”

Friends of the Earth in Europe said: “US negotiators at the talks have been clear that one of their main aims is to increase market access for US agri-business and hormone and anti-biotic treated meat and poultry  products.

Note EU-Digest: This agreement known as TTIP would be a disaster for the EU similar to what NAFTA turned out to be for Mexico and Canada, and give US multi-nationals an even greater influence over our lives than they already have. The prosperity TTIP claims it will be creating is total nonsense. We can only hope the EU parliament does not fall for it.

Read More: The world’s largest free trade zone is coming – what will it mean? | euronews, world news

April 14, 2015

EU-US trade pact to miss 2015 deadline - "Europe should not sell its soul to the devil" - by Benjamin Fox

A 2015 deadline to agree a landmark trade deal with the United States is likely to be missed, EU trade officials have conceded.

"We cannot exclude that it may take longer," Latvian foreign minister Edgars Rinkevics, whose country currently holds the rotating EU presidency, told reporters following a meeting of EU trade ministers on Wednesday (25 March).

“We have to do our best to get an agreement but we don’t want to reach an agreement just for the sake of it,” he added. “The political will is there but there is an acceptance that it may take longer”.

“We are aiming to conclude this under the Obama administration … but I cannot give you a date,” said EU trade commissioner Cecilia Malmstrom, who added that ratification of TTIP could get caught up in the next US presidential election cycle.

The race to replace Barack Obama will begin in earnest in autumn, when the Democratic and Republican parties begin their nomination process ahead of the presidential election in November 2016.

Trade negotiators have now concluded eight rounds of talks with a view to agreeing a transatlantic trade and investment partnership (TTIP), but were given a provisional deadline of December 2015 by EU leaders to agree a draft text.

The most thorny issue for ministers remains the investor protection mechanism known as ISDS, which allows firms to take governments to court if they discriminate against them or introduce new laws which threaten their investments.

“ISDS is a hot potato,” conceded Rinkevics. He said there are “differences in opinion” amongst ministers, but added there is no indication that member states want to open up the EU-Canada trade agreement, which includes the controversial regime.

Note EU-Digest: A European Parliamentarian when asked about the TTIP and the ISDS controversy said. "The EU must not sell  its soul to the devil by agreeing to the non-transparent TTIP - regardless of the 'fantastic' stories we hear about the economic benefits of the TTIP, we only need to look at the results achieved following the NAFTA agreement between Canada, Mexico,  and the US."

 "That  agreement, which has now been in effect 20 years, still shows little improvement in the overall economic conditions of ordinary citizens in the participating countries." 

"NAFTA has, however, certainly been a bonanza for the free-wheeling, uncontrolled, multi-national corporations - we must not repeat that in these negotiations with the US."

Read more: EU-US trade pact to miss 2015 deadline

UN cancer agency sees a cancer risk in Roundup and other pesticides

The UN's International Agency for Research on Cancer (IARC) said Friday that three pesticides, including the popular weedkiller Roundup, were "probably" carcinogenic and two others, which have already been outlawed or restricted, were "possibly" so. IARC classified the herbicide glyphosate -- the active ingredient in Roundup -- and the insecticides malathion and diazinon as "probably carcinogenic" on the basis of "limited evidence" of cancer among humans.

The insecticides tetrachlorvinphos and parathion were classified as "possibly carcinogenic" in the light of "convincing evidence" from lab animals, it said.
The classification, made by an expert panel, is not binding, said IARC, an agency based in Lyon, southeastern France, that comes under the aegis of the World Health Organization (WHO). "It remains the responsibility of individual governments and other international organisations to recommend regulations, legislation or public health intervention," it said.

Glyphosate -- introduced in the 1970s under the brand Roundup but now manufactured generically -- is the most-produced weedkiller in the world, the IARC said.

Agricultural use of it has surged since the introduction of crops genetically modified to be resistant to the chemical, enabling farmers to douse a field in one go to kill weeds.
"The general population is exposed (to glyphosate) primarily through residence near sprayed areas, home use and diet, and the level that has been observed is generally low," the IARC statement said.
The evaluation of glyphosate saw "limited evidence" of a type of cancer called non-Hodgkin lymphoma, as seen in studies in the United States, Sweden and Canada conducted among farm workers since 2001.

In 1985, the US Environmental Protection Agency (EPA) classified glyphosate as "possibly carcinogenic for humans" on the basis of experiments on lab mice.
UN cancer agency sees a risk in Roundup and other pesticides - Yahoo News

TTIP: German economy minister plays down boost from EU-U.S. trade deal: magazine

Germany's economy minister warned on Saturday against overblowi expectations for an economic boost from a trade deal between the United States and European Union but said the pact was needed to set high common standards for consumers.

The European Commission is trying to finalize a deal on the Transatlantic Trade and Investment Partnership (TTIP), which some experts say could generate $100 billion a year in additional economic output on both sides of the Atlantic.

It would eliminate all tariff barriers between the United States and EU members, which together account for almost half the global economy.

"I don't believe in the wondrous calculations for economic growth from (the trade deal) TTIP," said Sigmar Gabriel, also chairman of Germany's Social Democrats (SPD) which shares power with Chancellor Angela Merkel's conservatives.

"All the estimates about its impact ... give an impression of voodoo economics," Gabriel told Focus weekly

 Read more: German economy minister plays down boost from EU-U.S. trade deal: magazine | Reuters

April 5, 2015

EU-US Trade Negotiations Not Transparent: New British parliamentary report on TTIP highlights its dangers - by Polly Jones

TTIP
With just a few days left before the British Parliament dissolves ahead of the general election, a flurry of select committees are publishing reports on inquiries which have been held in recent months. Among them is the Business Innovation and Skills Select Committee’s report on the Transatlantic Trade and investment Partnership (TTIP), published yesterday.

I gave evidence to the TTIP inquiry on behalf of Global Justice Now.

TTIP is an ambitious neoliberal trade agreement being negotiated between the EU and USA. Its purpose is to create new trading opportunities for EU and US business by reducing tariffs, removing unnecessary regulation, liberalising some sectors and giving new protection for investors.

The controversy around TTIP is about what regulation is deemed unnecessary, which sectors will be liberalised and that business will benefit at the expense of governments.

The gravity of these concerns has ignited a furious public campaign on TTIP from trade unions, environmental organisations, international development groups and NHS campaigners, united in their call for the negotiations to stop.

The findings of the BIS select committee report vindicate the public’s concerns.

Many of the arguments for TTIP rest on the benefits it will bring to the UK, European and US economy, often breaking this down to a £400 benefit to every UK family every year. The economic models used to churn out these figures are fundamentally flawed (http://blog.policy.manchester.ac.uk/featured/2013/12/the-false-promise-of-eu-us-trade-talks/) and present a best case scenario which would not deliver any benefits until 2027 and then only £2 per person a week - equivalent to a packet of fishfingers.

The 11 British MPs from across the political spectrum find that “it is impossible at this stage to quantify those benefits in any meaningful way”. They are critical of the figures the UK government uses to promote TTIP and instruct it to undertake a comprehensive assessment of the likely economic benefits of various possible outcomes on TTIP.

Read more: New parliamentary report on TTIP highlights its dangers | openDemocracy

March 7, 2015

EU-US Trade Pact Negotiations: Will US Chlorine Chicken and Genetically modified foods end up on European dinner tables?

Famous TV Chef Jamie Oliver
Famous TV Chef Jamie Oliver who is popular around the world has warned that a new trade deal presently being negotiated between the EU and America will open the door in Europe to inferior US food products, including beef pumped up with growth hormones, banned additives and pesticides.

There are also concerns that GM crops and food produced in the USA, which have not been through more strict vetting procedures in Europe, could be forced on to dinner plates of Europeans

The campaigner and chef held talks this week with British Business Secretary Vince Cable to outline his ‘massive concerns’ that the deal could seriously undermine European food and farming

"If Europe signs this TTIP deal we are signing our own death sentence, because it is hardly news that the United States faces epidemic health problems linked to poor diets and hormone infected food. Nearly two out of every five Americans today are obese as a result of the bad and polluted food they consume and Europe must not go down that same road", said a EU parliamentarian. 

When EU Trade Commissioner Cecilia Malmström, who is negotiating the Transatlantic Trade and Investment Partnership" (TTIP) between the EU and US on behalf of the EU 28 member states  was asked if chlorine chicken and genetically modified foods would end up on the plates of European consumers if the agreement is signed, she said: "No, that's a myth. we have high standards of consumer protection in the EU that will not be compromised by a trade agreement. Genetically modified foods are not allowed in Europe, hormone-treated meat is also taboo here, and chlorine-treated chickens are prohibited.

Hopefully the EU Commission and Parliament will keep a watchful eye that the EU does not fall for the "sweet talk" of the Americans. Remember they are mainly carrying out the objectives of their multi-national corporate sponsors in these crucial EU-US negotiations.


November 10, 2014

EU-US Trade Negotiations: Europe faces weapons of legal destruction in USA trade talks - by Kevin Albertson

Efforts to build a more effective trading regime between Europe and the USA can reasonably be called positive, both for growth and the ease of doing business. Currently, however, negotiations include proposals which threaten to distort the way governments regulate companies and which might cost the taxpayer dearly.

The sticking point for many is the inclusion in the TTIP negotiations of the contentious Investor to State Dispute Settlement (ISDS) provision.

ISDS gives international investors the right to bring a case for damages against the local government if they (the investors) feel government policy has harmed their interests. A supposed independent international tribunal hears such claims. In other words, under ISDS, multinational corporations have the right effectively to sue a sovereign state, demanding the state (that is, the taxpayer) compensates them for enacting domestic policy if it reduces profitability below that which was expected.

There are clear potential conflicts of interest. The responsibility of the corporate sector is to maximise profits, while the responsibility of government is to promote competition which might reduce corporate profits; also governments must promote the public good – which is likely in some instances to affect corporate profits, for example in controlling pollution or enforcing health and safety legislation. Establishing a means by which disagreements might be resolved is, therefore, of some importance. However, to this end, the ISDS is not an efficient means – it is apparently skewed.

ISDS arguably weakens the rule of law, forces the public to subsidise the risk of multi-national investment abroad, and effectively encourages outsourcing.

Read more: Europe faces weapons of legal destruction in USA trade talks

September 3, 2014

EU-US Trade Negotiations: Bring on the defeat of the EU-US free trade deal - by Nick Dearden

In spite of previous suggestions to the contrary, the proposed EU-US free trade deal will, after all, include the NHS, trade minister Lord Livingston admitted on Monday.

The deal, known as the Transatlantic Trade and Investment Partnership or TTIP, is a priority of David Cameron’s government – a “once in a generation” opportunity. But officials have been taken aback by the extent of public hostility.

At the heart of this opposition is the fear that the TTIP will give big business vast new powers over public services like the NHS, and undermine rights at work, environmental protection and food safety standards. According to a poll commissioned by Unite, 68% of people in marginal constituencies oppose the inclusion of the NHS as part of the deal. Even among Tory voters, just 23% supported its inclusion.

After weeks of the government telling the public that “the NHS won’t be affected”, Lord Livingston has admitted that Cameron won’t exclude the NHS, because the TTIP is too good an opportunity to sell our “world class health services” to the US market.

This also means US health corporations would gain new “rights” to sell their health services here. And should they be impaired from doing so by, let’s imagine, a future government abolishing the Health and Social Care Act, those corporations will have the right to sue the British government through a parallel legal structure created by the TTIP. They won’t even have to go through our domestic court system.

Read more: Bring on the defeat of the EU-US free trade deal | Nick Dearden | Comment is free | theguardian.com

January 27, 2014

World Inc.- Doomsday Scenario: "the alignment of NAFTA - Transpacific Partnership And EU-US Transatlantic Trade Agreement"

World Inc.,
A new era could be dawning for the world as capitalism undergoes a major re-alignment

The result will be a joyous celebration, not only on Wall Street, but also among the multi-national empires around the worldt.

Profit may finally be crowned King as all Nation states around the Globe unite into one World, Inc

"Yes, a coronation worthy of Louis XIV of France (1638-1715) “the Sun King,” who successfully increased the influence of the crown by establishing authority over the church and the aristocracy, thereby consolidating absolute monarchy in France", says the UK Progressive.

"The upcoming coronation (maybe) of King Profit, therefore, shall be the pinnacle of capitalism for there is no higher level for it to achieve beyond “absolutism.”

The date for the coronation has not yet been set, but it could be real soon, especially if the US Congress grants President Obama “fast-track” authority to approve the Trans-Pacific Partnership (TPP), an agreement amongst 12 major Pacific nations for free trade, which is seen as very positive for multi-national businesses."

If you don't know what TPP is see it as similar to NAFTA, but on steroids,.

NAFTA might be seen as a success in terms of corporate profit but once NAFTA officially crossed the border into Mexico in 1994, all hell broke loose for the middle class folks. Mexico’s annual per capita growth became a flat-line, the lowest in the hemisphere, real wages are down, unemployment is up.

Heavily subsidized U.S. crops made Mexican crop prices drop, driving small Mexican farmers off the farm and resulting in mass unemployment.

Today some 20 million Mexicans live with food poverty, while hundreds of thousands of Mexicans have headed for the U.S. border to find “a better life”  resulting in major US immigration problems  

On the other hand, even though NAFTA has not benefitted average taxpayers in any way or form, NAFTA  has proven to be very beneficial for multi-national corporations.

They can now set up shop at will just across the US border, without any nagging and complex US environmental  and health regulations to adhere to while benefiting from dirt-cheap local wages. As Ross Perot once said when he ran for the US presidency in 1994, "you can hear the sucking sound of US jobs going to Mexico".

Consequently, also labor-wise NAFTA has been a bad deal for all the partners of the agreement, except, yes you guessed it right, the trans national corporations. 

The TTP will be granting even  greater privileges to transnational corporations than with NAFTA, fulfilling corporations wildest dreams. A Wikileaks’ secret document shows how transnationals will henceforth be able to sue governments if a country’s laws or policies get in the way of corporate profits. Yes, transnationals will have carte blanche to do whatever they want, like King Louis redux.

When a nation gets in the way of profits, no problem; transnationals can sue the government for damages to profitability as part of the so-called  investor-to-state dispute settlement (ISDS) agreements

What would make the "Coronation" even more complete and threatening would be an agreement  between the EU-US on a TransatlanticTtrade Pact (TTIP).

It would mean opening the door for big corporations to enforce their interests against EU legislation," said EU parliamentarian Bernd Lange. "This would deprive states of crucial policy space in important fields such as health and environment." 

The EU-Commission, however,  is dangling unsubstantiated benefits of this trade agreement  including the dubious possibility that it could bring an annual windfall of 119 billion euros ($161 billion) to the 28-member bloc.

One can only hope that the EU-Parliament requests complete transparency on all the details of these ongoing negotiations and asks all theprobing and  necessary questions. They should certainly not overlook one of the most important and negative factors in these negotiations, which is that they are dealing with a partner across the table who has spied on them (NSA) and will  probably continuing to do so.

EU-Digest