Investment protection and investor-state dispute settlement (ISDS) mechanisms are perhaps the most contentious aspects of TTIP and CETA. These mechanisms provide foreign investors with the right to sue the EU or its Member States in private tribunals over potential losses in profit due to current or new public welfare regulations.
In September 2016 it was announced that German chemical & pharmaceutical giant Bayer agreed to buy US seeds and pesticides corporation Monsanto in a $66 billion takeover deal. If the sides finalize the agreement (which is to be signed by the end of 2017) and regulatory authorities in USA and EU approve it, it will create a «transatlantic monster», the likes of which the world has never seen before. The new company will to a great extent dictate to the whole world what to eat, what medicine to take and how to run agriculture.
Friday, for the first time, WikiLeaks released demands by the EU to lock in a wide list of services sectors to TISA’s privatization and deregulation provisions, including public services in developing countries. In the mid-2000s, when European campaigners leaked similar demands during corporate efforts to expand the General Agreement on Trade in Services, the EU was forced to walk back many of those demands. The European pressure on developing countries was widely condemned by the public, and revealed the corporate, antidevelopment efforts behind the deal, just as they were revealed Friday.
TTIP – the Transatlantic Trade and Investment Partnership – appears to be dead. The German economy minister, Sigmar Gabriel, says that “the talks with the United States have de facto failed”. The French prime minister, Manuel Valls, has announced “a clear halt”. Belgian and Austrian ministers have said the same thing. People power wins. For now.
Negotiations started in 2013. Aafter 14 ‘rounds’ of talks dealing with 27 points, no agreement has been reached, none whatsoever, leading to the conclusion that the deal is dead. Even though Mme. Merkel defended the treaty with all her heart up to the end of July 2016, both Germany and France now request a definite end to the negotiations.
Trade in Services Agreement (TISA) could lock in privatisation and increase ability of big business to call the shots on health, education and...
Free trade negotiations between the European Union and the United States have fallen apart in recent weeks with Europe reticent to open its agricultural industry to low-cost American “frankenfruits” in addition to concerns over the depletion of labor standards and worries that an unelected cabal will be able to dictate policy over the sovereign objections of participating