The Transatlantic Trade and Investment Partnership is a series of trade negotiations being carried out mostly in secret between the EU and US. TTIP is about reducing the regulatory barriers to trade for big business and includes food safety law, environmental legislation, banking regulations and the sovereign powers of individual nations.
The process has been secretive and undemocratic, and nearly all information on negotiations is coming from leaked documents and Freedom of Information requests.
What does this mean in plain English?
- Potentially the privatisation of the NHS
- Food safety standards being reduced to allow GM crops on our supermarket shelves, laxer restrictions on the use of pesticides, other toxic chemicals and growth hormones in beef
- Removal of restrictions on bankers, opening us up to another financial crisis
- Easing of data privacy laws
- A rise in unemployment as jobs switch to the US where labour standards and trade union rights are lower.
- Its biggest threat to society is to democracy. Companies will be allowed to sue governments if those governments policies cause a loss of profits. This means unelected transnational corporations can dictate the policies of democratically elected governments.
Wouldn’t we vote against this if we could? We have no say in whether TTIP goes through or not. All we can do is tell as many people about it as possible.