The Trans-Pacific Partnership (TPP) Explained
Published on Jun 1, 2015
President Obama is negotiating the Trans-Pacific Partnership (TPP): the largest trade deal in world history.
What is TTIP?
Published on Jan 6, 2014
The internet connects all parts of the world. More and more people are gaining access to knowledge and participating globally.
Because of this, International corporations see their business models at risk. They fear that they are losing control, that there is a shift in power.
Trade agreements such as Trips and ACTA are intended to erect barriers to prevent that. They represent undemocratic and opaque corporate power.
The U.S. and Europe are currently negotiating TTIP, with little media scrutiny and without public participation.
The object is an agreement on the largest free trade area on the face of the earth: a defense alliance of the Western industrial nations.
TTIP threatens drastic changes for Europe: Genetically modified food, hormone-treated beef and chlorine-washed chicken will end up on our plates.
US industrial standards will spur an attack on the diversity of European agriculture.
Investor-state dispute settlement with the possibility of vast compensation claims by corporations will threaten regional markets and civil rights.
Workers’ rights, banking supervision and climate protection could fall far below European standards.
Weak data protection and stronger enforcement of intellectual property rights will help deliver our privacy unprotected to corporations.
Stop TTIP – For a publicly negotiated global agreement with proper public participation.
Stop TTIP – People first, then the financial markets.
Stop TTIP – Because the world belongs to us all!
TTIP: A Wolf In Sheeps Clothing
Published on Aug 29, 2014
Alarm bells on ISDS are ringing this loud for a reason: ISDS allows foreign firms to bypass domestic courts and sue governments (hence citizens, through taxes) directly in private trade tribunals if they feel that a government’s action can unfairly diminish future returns on their investments.
Until recently, ISDS provisions mostly featured in bilateral state-to-state investment treaties, and were designed to offer investors protection from actions by governments in countries with legal systems perceived to be poorly developed.
The European Commission has never finalised a trade agreement between the EU and third countries with ISDS. Currently 19 out of 28 EU member states, representing 93% of the EU economy, do not have ISDS provisions with the US. The nine that do only cover 7% of the EU’s GDP.
To date there are nine known claims in the EU-US relationship, all led by US investors. The majority of the claims involve investment in the primary sector: oil, gas and mining.
In its consultation the European Commission is trying to make ISDS look a bit more acceptable by changing a few things here and there as to how proceedings would works. In our submission we point out why none of these changes addresses any of the fundamental flaws of the system.
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