The Transatlantic Trade and Investment Partnership (TTIP)
The Transatlantic Trade and Investment Partnership (TTIP) is currently being negotiated between the USA and the EU. TTIP is a corporate power grab and a major assault on our democracy.
Attac Ireland is actively involved in the campaign against TTIP through its membership of the Irish TTIP Information Network.
For more information on this trade deal read John Hilary’s excellent overview.
TTIP, the Transatlantic Trade and Investment Partnership is a comprehensive free trade and investment treaty currently being negotiated between the European Union and the USA. This supposed free trade agreement is currently being negotiated in almost complete secrecy, and more or less exclusively at the behest of large multi-national corporations and business lobbyists, who comprised 90% of the stakeholders consulted by the European Commission’s trade department during its preparation for the TTIP negotiations.
However, as acknowledged even by officials from both sides, it has little or nothing to do with trade stimulation through the removal of tariffs between the EU & US as these are already very low. By their own admission, its principal goal is to remove regulatory “barriers” to potential profits of transnational corporations – the same “barriers” that help to maintain labour rights, food safety rules, digital privacy laws & civil liberties, health & environmental protection including restrictions on GMOs (genetically modified organisms) & the use of toxic chemicals, & even new banking safeguards introduced to prevent a repeat of the 2008 financial crisis.