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cali

(114,904 posts)
Sun Jun 15, 2014, 06:05 AM Jun 2014

Economist: 'TTIP serves the major corporations'

The TTIP trade agreement between the US and the EU is continuing to cause a major row in Europe. Economist Christoph Scherrer tells DW that the corporations' right to file lawsuits will be particularly problematic.

DW: The planned free trade agreement between the US and the EU (TTIP) has been debated for months now. How useful will it be from your point of view?

Christoph Scherrer: It seems to me that it mainly serves the interests of the corporations. Neither consumers' nor workers' organizations were consulted ahead of the negotiations. The catalogue of demands is fundamentally an image of the demands of the major industry associations.

One of the points of contention is the corporations' new right to take legal action. Some fear that parliamentary decisions could be suspended if companies feel unfairly treated by new legislation. How justified is this fear?

The idea that companies can sue states is completely new for any trade agreement between states that have well-developed legal systems. And it is one of the most problematic aspects of the planned deal, because it means the creation of a parallel legal system that is fundamentally controlled by corporations.

Highly specialized lawyers will man the courts of arbitration, and they will be appointed on an ad hoc basis while they represent the corporations the rest of the time. This wouldn't be an independent judiciary controlled by political bodies representing the people. Such a right to take legal action is not compatible with the rule of law.

<snip>

Christoph Scherrer is director of the Globalization and Politics department of the University of Kassel, Germany, and director of the International Center for Development and Decent Work (ICDD).

http://www.dw.de/ttip-serves-the-major-corporations/a-17655221

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djean111

(14,255 posts)
1. As does our government. We accept it so we can "win" elections.
Sun Jun 15, 2014, 06:10 AM
Jun 2014

Every time I read about any law being passed, I think well, don't get all excited and shit, what if that law affects some corporation's profits in some way? Can the law be TTP'ed? I know this already happens, but I feel the corporations have lists of inconvenient laws and are getting bolder by the day.

nationalize the fed

(2,169 posts)
3. k/r Most Americans deserve the TPP and the TTIP
Sun Jun 15, 2014, 07:49 AM
Jun 2014

posts about Kochs and nipples get thousands of views and hundreds of comments but something that is actually going to destroy what's left of sovereignty, jobs and the middle class is basically ignored.

Look at how many people will vote for Rodham-Clinton even though she not only supports the TPP but helped write it.

Only a total financial crash will wake people up.

 

cali

(114,904 posts)
5. I don't believe that. It's not their fault that the MSM has reported so shabbily on FTAs
Sun Jun 15, 2014, 08:05 AM
Jun 2014

and thinking that a total financial crash will wake people up is folly. See the Weimar Republic.

pampango

(24,692 posts)
6. It's complicated. In Europe, labor supports TTIP and the far-right opposes it.
Sun Jun 15, 2014, 08:22 AM
Jun 2014
Swedish Official Praises US -EU Trade Agreement

They also listened as the top trade official from the Swedish embassy sang the praises of the proposed trade agreement that has been on the lips of many American and European officials this year.

But the “real meat” of the agreement, according to Andreas von Uexküll, minister-counselor for trade, is in the long-term regulatory integration that it promises for the world’s two largest economies. Officials hope the ambitious pact will yield common standards on issues like auto crash testing, intellectual property enforcement, poultry processing, financial investment and much more.

Though contentious, this process is essential to knitting both sides more tightly together, Mr. von Uexküll said during the event hosted by the Swedish-American Chamber of Commerce of Georgia at Piedmont Park.

The average American businessperson likely knows less about it than the average European. In Sweden, on the other hand, even labor unions favor the agreement, he said. “Here I get a different impression,” he said.

http://www.globalatlanta.com/article/26956/swedish-official-sings-praises-of-us-eu-trade-agreement/

Marine Le Pen to meet other far-right leaders in move to create anti-EU bloc

France's Front National leader Marine Le Pen will meet other far-right and eurosceptic leaders on Wednesday in an attempt to create a powerful bloc in the European parliament.

Le Pen insisted the party's score was an unqualified victory despite an abstention rate of 57%. She demanded that France call a halt to talks between the European Union and the United States to create a vast free market, known as the Transatlantic Trade Treaty.

"I clearly call on the president of the Republic, firstly the dissolution of the Assemblée Nationale, because you know it is no longer at all representative of the French people," Le Pen said.

"I also demand that he does three things to take Sunday's vote into account: firstly, France halts the transatlantic treaty, secondly, France states its veto of Turkey's entry into the European Union and, thirdly, he nationalises Alstom, contrary to the rules of the European Union, to save this strategic company."

http://www.theguardian.com/world/2014/may/27/marine-le-pen-met-far-right-leaders-eu-bloc

I suppose European labor unions must be tired of competing with American workers who are largely non-union with few "European-style" benefits. Most of us worry that TTIP will drag European labor down to our level. However, they seem to be confident, rightly or wrongly, that the opposite will happen.

Of course, the far-right over there is very nationalistic and generally opposes international agreements and organizations that weaken national sovereignty. It favors higher tariffs and lower immigration (both of which require the weakening or elimination of the EU).
 

cali

(114,904 posts)
7. Bullpucky. Yes, it's complicated and NO the right is NOT alone in opposing the TTIP
Sun Jun 15, 2014, 08:36 AM
Jun 2014

what's more, factions of the right absolutely support it. muddying the waters with that kind of less than honest claim is really kind of creepy- not to mention far, far less than honest. Please stop using such tactics in your cheerleading of the TTIP and TTP. This is hardly the first time you've done so. Just like in this country, across Europe, many different factions oppose these trade deals.

<snip>

Rising opposition

Jan Techau, director of Carnegie Europe, the European center of the US think tank the Carnegie Endowment for International Peace, thinks there's a storm brewing in the EU at the moment. "There's enormous opposition forming at the moment," he says. He thinks the increased EU opposition has been a long time coingm: "Interest groups, NGOs, environmental groupings and so on now have gotten their act together and have gotten organized on this [issue] and are posing a formidable challenge."

<snip>

http://www.dw.de/tripping-over-ttip-obstacles-overshadow-eu-us-trade-pact/a-

NGOs and trade unions today (19 May) hit back at accusations they were spreading lies on social media about the Transatlantic Trade and Investment Partnership (TTIP), as it emerged that Brussels Police used controversial “kettling” techniques and water cannon on protestors outside the European Business Summit.

<snip>

http://www.euractiv.com/sections/eu-priorities-2020/de-gucht-ngos-trade-accusations-after-anti-ttip-protestors-kettled

pampango

(24,692 posts)
9. You are right that the right is not alone in opposing it, but the far-right is universally against
Sun Jun 15, 2014, 09:42 AM
Jun 2014

it. The center-right in Europe and the left are more split.

I consider myself a "cheerleader" (no judgment there) for trade in general, not for either the TTP or TTIP. I have posted that the TTP would be useful if it promoted labor rights and environmental standards. Unfortunately, neither is in sections of the draft of the TTP that have been leaked. Unless by some miracle (and we all know how often miracles happen) the final draft TTP includes these standards, it represents a step backward from the WTO rules that we have and will continue to have without it.

I know less about what is TTIP. I am more comfortable with our TTIP negotiating partners in the sense that they currently have higher labor and environmental standards than we do, while our TPP negotiating partners (other than Canada, Australia and Japan) currently have lower standards than we do. As I said, many of us are afraid that TTIP will result in dragging Europe down to our level, but the possibility exists that it could "drag" us closer to their level. At least some on the left over there think that is what will happen.

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