German political party Die Linke protest TTIP outside the German parliament It was the secret deal they tried to sneak through, a corporate carve up that would have enshrined corporate dominance and undermined democracy. The Transatlantic Trade and Inv …
It was the secret deal they tried to sneak through, a corporate carve up that would have enshrined corporate dominance and undermined democracy.
The Transatlantic Trade and Investment Partnership (TTIP) is a complicated trade deal being negotiated between the US and EU. It has many aspects, not all of them bad, but the most disturbing is the Investor-State Dispute Settlement (ISDS) clause, which allows corporations to sue governments for restraining their activities. That means that public safety or other regulations, applied by our democratically mandated governments, can be overturned through legal action by corporations.
In the UK, TTIP will be used to carve up the NHS, and open it up to competition from US health care companies. And once the deal is signed, our elected governments will be legally restrained from stopping them.
This deal literally gives our world to the corporate giants.
But campaigners have fought back, and many thousands of us, in unions and other parts of civil society, have been campaigning and informing people about what TTIP means. At USi, we have been highlighting the problems with TTIP since November last year, and we’ve created a page on our website dedicated to watching and campaigning on this issue.
And our campaigns have been successful:
We forced the European Commission to stop negotiations on ISDS, and to open the deals to public consultation.
The Commission has been swamped: 150,000 people have responded to the consultation, raising their concerns. Many of these came from trade unions.
It is important that we keep the pressure up: ISDS needs to be dropped from TTIP, and the entire treaty needs to be debated transparently and opening.
We will not allow political leaders to sign us up to deals without our consent.
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