HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Main » General Discussion (Forum) » A Brave New Transatlantic...

Mon Oct 14, 2013, 07:28 PM

A Brave New Transatlantic Partnership

A Brave New Transatlantic Partnership: the social & environmental consequences of the proposed EU-US trade deal



As the second round of negotiations on the EU-US trade agreement kick off in Brussels next week, a new report published by members of the Seattle to Brussels Network (S2B), including Corporate Europe Observatory, reveals the true human and environmental costs of the proposed deal. The report shows that the promises of job creation and growth are illusions; and that the real impetus behind a deal comes from major EU and US corporations that have joined forces to remove as many labour, health and environmental standards as possible in a devastating race to the bottom.

A Brave New Transatlantic Partnership highlights how the European Commissionís bold promises of up to 1% GDP growth and massive job creation through the EU-US trade deal are not supported even by its own studies, which rather predict a trivial growth rate of just 0.01% GDP over the next 10 years and the potential loss of jobs in several economic sectors, including agriculture.

The report also explains how corporations are lobbying EU-US trade negotiators to use the deal to weaken food safety, labour, health and environmental standards as well as undermine digital rights. Attempts to strengthen banking regulation in the face of the financial crisis could also be jeopardised as the financial lobby uses the secretive trade negotiations to undo financial reforms such as restrictions on the total value of financial transactions or the legal form of its operations.

On top of that, the investment chapter of the proposed EU-US trade agreement could open the floodgate to multi-million Euro lawsuits from corporations, challenging democratic policies at international tribunals if they interfere with their profits (see our updated analysis of the leaked Commission proposals for so-called investor-state dispute settlement under the proposed EU-US deal here).


Full report is here (pdf).

Just reminding DU to not just stay alert about the TPP. There's also this one (TTIP) and then there's another one: the Trade in Services Agreement (TISA), see this DU thread.

6 replies, 1123 views

Reply to this thread

Back to top Alert abuse

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 6 replies Author Time Post
Reply A Brave New Transatlantic Partnership (Original post)
BelgianMadCow Oct 2013 OP
djean111 Oct 2013 #1
socialist_n_TN Oct 2013 #2
Egalitarian Thug Oct 2013 #3
pa28 Oct 2013 #4
KoKo Oct 2013 #5
BelgianMadCow Oct 2013 #6

Response to BelgianMadCow (Original post)

Mon Oct 14, 2013, 07:39 PM

1. Thanks for this.

 

Whatever happens/does not happen, however "heroic" anyone in this administration is painted as a result of the current bullshittery - the TPP is a bad bad thing and no one who builds it or helps enact it into law gets my support.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to BelgianMadCow (Original post)

Mon Oct 14, 2013, 10:49 PM

2. Kick. Wherever they're coming from, these things are abhorrant.....

and need to be fought tooth and nail!

Reply to this post

Back to top Alert abuse Link here Permalink


Response to BelgianMadCow (Original post)

Mon Oct 14, 2013, 10:52 PM

3. The real agenda. It's really too bad that we are so easily distracted.

 

& R

And how pissed will they be when they wake on that fine day that they realize they were sold into slavery?

Reply to this post

Back to top Alert abuse Link here Permalink


Response to BelgianMadCow (Original post)

Mon Oct 14, 2013, 11:13 PM

4. K&R!

Reply to this post

Back to top Alert abuse Link here Permalink


Response to BelgianMadCow (Original post)

Mon Oct 14, 2013, 11:24 PM

5. Interesting isn't it these trade deals coming together in the same time frame

isn't it? One could almost say "planned ahead?" Or, is that considered too "CT"?

Thanks for posting this...

TPP is supposed to be done in the next month or so. If our Dems get the deal to postpone Debt Ceiling to January and the Sequester gets fought over in November/December then the TPP could very well slip through with FAST TRACK while attention in Media is on the Budget Deals. So....we have to be very vigilant here...

Hope you'll do other posts as this moves along your way.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to KoKo (Reply #5)

Tue Oct 15, 2013, 03:19 AM

6. Yeah, it's quite the under-the-radar superdeal

Yeah, the TPP is scheduled to be finished this year and the US is applying a lot of pressure. However, there's pushback in several countries, and China is also on the sidelines working against it. The Obama admin will need fast-track, and hasn't gotten that yet. I don't know whether the question to get it formally stands & what its status is, tbh.

So the TTIP is much behind the TPP, in principle. Except, in that case, there are only two partners (given that the EU countries have unfortunately mandated the commission to negotiate) so it may proceed much faster. Karel De Gucht, EU commissioner, is dying to get it finished before elections next year.

Yep, will continue posting about it, anything and everything. So far, there's much, much more on the TPP - there has been a leaked draft of the TTIP negotiation framework, but none of the actual texts. That makes all the resistance of the "could" type, and there's very very little of it. Unions for example don't even seem to have picked it up at all, and they're supposed to be strong here.

Reply to this post

Back to top Alert abuse Link here Permalink

Reply to this thread