R.I.P. TTIP?

Holy Grail US-EU trade deal is “probably doomed.”

TTIP, the once super-secret transatlantic trade deal that is now broadly despised on both sides of the Atlantic, may not be alive yet but it could soon be dead. And all thanks to leaks which confirm a longstanding suspicion in Europe that the ultimate goal of TTIP is to pry open European markets for big U.S. corporations, with little offered in the way of reciprocity.

The UK Independent reports that the 248 pages of documents released by Greenpeace show that the “hated” deal would grant US corporations “unprecedented powers” over any new public health or safety regulations to be introduced in the future:

If any European government does dare to bring in laws to raise social or environmental standards, TTIP will grant US investors the right to sue for loss of profits.

It is iron-clad confirmation that many of our biggest fears were well-founded. At long last the treaty that should not be named is being exposed to the harsh light of day, all its darkest intentions splashed across the front pages of Europe’s biggest selling newspapers. As the European Green party notes, “every single publicly voiced suspicion concerning the lack of transparency in these TTIP negotiations has been justified by the revelations stemming from the leak”

Continue reading the article at WOLF STREET

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