Transatlantic Trade and Investment Partnership (TTIP) News, Newsletter May 2015, issue 2

Call on the members of the European Parliament to firmly reject special rights for foreign investors

In the next weeks, the European Parliament is going to determine its positions on the trade deal between the EU and the US that is currently being negotiated.

The European trade officials plan to make special rights for foreign investors and in particular an “investor-state dispute settlement” (ISDS) part of TTIP. Special rights for foreign investors are unacceptable.

Urge MEPs to pledge that they will reject ISDS in TTIP:

28 May TTIP: European Parliament trade committee voted in favour of big business

The European Parliament’s trade committee decided that Europe’s national courts cannot be trusted with safeguarding the rights of international investors when it called for private arbitration to be retained in the EU-US trade deal. MEPs voted for the controversial Investor-State Dispute Settlement clause (ISDS) – though repackaged under a different name for the Transatlantic Trade and Investment Partnership (TTIP). ISDS allows foreign investors to directly sue governments in private arbitration panels, with potential awards paid by taxpayers

INTA vote on TTIP resolution: a gloomy day for democracy

Article: Will the TTIP lower EU food safety standards?

The EU commission has claimed that there will be no lowering of food safety standards in the Transatlantic Trade and Investment Partnership (TTIP) that is currently being negotiated with the United States. However, an examination of the EU’s negotiating position shows that they are already offering changes which could lead to increased amounts of pesticide residues in food in the EU in the future.

Publication “Why the rest of the world should be beware TTIP”

In this summary of a working paper by Manuel Perez Rocha (Institute of Policy Studies, Washington), the Rosa Luxemburg foundations explores from various angles why human rights, environmental, consumer advocate and many other types of organizations all over the world that are working toward a world different from the corporate-led neoliberal dogma, should pay special attention to TTIP.

MEPs want health excluded from TTIP talks

Members of the European Parliament’s Committee on the Environment, Public Health and Food Safety (ENVI) voted in April in favour of an opinion which calls for five health-related areas to be excluded from the Transatlantic Trade and Investment partnership (TTIP) negotiations between the EU and the United States.

MEP Greens meeting on different studies TTIP

The European Parliament’s confederal Group of the European United Left/Nordic Green Left (GUE/NGL) presented for the first time at the European Parliament the results of the Capaldo TTIP report (Tufts University and ILO)

The meeting that was held in March reviewed the report “TTIP: European Disintegration, Unemployment and Instability” that questions -as other major economists have done before-, the impact assessment presented by the European Commission and its contractors, for using a methodology developed by the World Bank – (Computable General Equilibrium) – that has proved to be disastrous in previous cases (mainly in Latin America for liberalisation in the ’80s and ’90s).

Applying another methodology, (the UN Nations Global Policy Model), the results obtained by Mr Capaldo on the possible impact of the TTIP are very different from those announced by the Commission: losses in terms of next exports for the EU; net losses in terms of GDP, especially for Northern European countries; loss of labour income and massive job losses (around 600.000); reduction of the labour share; loss of government revenue and adverse consequences for third countries. All of this, combined with the well-known institutional weakness of the EU, would result in a major destabilization of the EU

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