Courtesy of Young Greens:
The Transatlantic Trade and Investment Partnership (TTIP) currently being negotiated in the US and EU between governments and corporations presents an unprecedented threat not only to food, labour and environmental standards but to democracy itself.
TTIP is a proposed ‘free trade’ agreement between the US and the EU. The negotiations around it are shrouded in secrecy, but the information that has been forced out shows that if successful, the agreement would lead to deregulation of what we eat, how we work, and increase the power that large corporations hold over national governments. TTIP is designed to benefit these corporations: the removal of tariffs and regulatory ‘barriers’ to trade and labour would allow them to maximise their profits, at the cost of workers and consumers. All reasons why Greens in both the UK and across Europe oppose this bosses’ charter.
The Center for Food Safety has already raised concerns about the potential for TTIP to establish a Regulatory Cooperation Council, which could result in ‘harmonisation’ of safety standards, meaning that food not meeting EU standards could be sold here anyway. Such products include chemically washed poultry, livestock treated with growth hormones, and genetically modified crops. These are allowed in the US, which adopts a ‘cost-benefit’ approach to food safety, balancing the interests of corporations against the safety of consumers, as opposed to the ‘precautionary principle’ used in the EU. A lobbyist for the US Council for International Business has admitted that ‘getting rid of the precautionary principle’ is a key aim of TTIP negotiations. Furthermore, such deregulation would apply not only to goods but to labour, allowing business to relocate to places – such as the US – where working standards are lower. This would result in huge job losses in Europe. Continue reading