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by Dr. Steve Suppan
Friday, Aug. 01, 2014 at 1:05 PM
The TTIP, Transatlantic Trade and Investment Partnership, being negotiated behind closed doors allows corporations to sue states for lost profits in 3-person arbitration courts. Only corporations can sue and judgments are not reviewable.
Dr. Steve Suppan works for the Institute for Agriculture and Trade Policy.
to read the 14-page analysis of the TTIP chapter on food safety and animal and plant health by Dr. Steve Suppan, click on
"Alternative Trade Mandate," December 2013, 20 pages, by 50 NGOs
Pia Eberhardt, "Investment Protection at a Crossroads," 16 lawsuits summarized
John Hilary, "TTIP: Deregulation, Attack on Jobs and End to Democracy," 42 pages
The Transatlantic Trade and Investment Partnership (TTIP) is a comprehensive free trade and investment treaty currently being negotiated - in secret - between the European Union and the USA. As officials from both sides acknowledge, the main goal of TTIP is to remove regulatory 'barriers' which restrict the potential profits to be made by transnational corporations on both sides of the Atlantic. Yet these 'barriers' are in reality some of our most prized social standards and environmental regulations, such as labor rights, food safety rules (including restrictions on GMOs), regulations on the use of toxic chemicals, digital privacy laws and even new banking safeguards introduced to prevent a repeat of the 2008 financial crisis. The stakes, in other words, could not be higher.
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