by Deirdre Fulton
March 18, 2016
from CommonDreams Website
against the TTIP earlier this year.
Document shows how TTIP
will facilitate big business influence
- and U.S. influence -
says corporate watchdog
EU member states and the European Parliament will be "sidelined" in favor of big business and U.S. interests should the TransAtlantic Trade and Investment Partnership (TTIP) go through, according to a leaked document revealed Friday.
The leak, of the corporate-friendly trade deal's draft chapter on "regulatory cooperation" between the EU and U.S., was made public by The Independent and Brussels-based campaign group Corporate Europe Observatory (CEO).
As Kenneth Haar, researcher for CEO, explained:
In short, he said,
Nick Dearden, executive director of Global Justice Now, told The Independent:
As such, Haar added, the TTIP represents,
The proposed trade deal, being negotiated in secret, faces growing opposition across the European continent.
Just last month, a report from Global Justice Now and the Netherlands-headquartered Transnational Institute showed how the TTIP would undermine national sovereignty by hampering governments' ability to enact effective and fair tax systems to finance vital public services.
Also last month, heavily redacted documents obtained by The Guardian revealed that European officials had assured ExxonMobil that the pending U.S.-EU trade agreement would force the removal of regulatory "obstacles" worldwide, thus opening up even more countries to exploitation by the fossil fuel empire.
After the latest round of talks last month, trade officials pledged to accelerate negotiations in the hopes of releasing a full draft text by this summer, and reaching the final stage of talks by October.
However, speaking in Moscow on Friday, former Prime Minister of Italy and former President of the European Commission Romano Prodi said he sees "no prospect" for the deal to be finalized before the U.S. presidential election in November.
Irish Prime Minister Enda Kenny made similar remarks on Thursday, telling journalists in Brussels: