Corporate Europe Observatory needs to raise €5,000 to expose and challenge the threat from the ongoing negotiations between the EU and the US for a sweeping trade and investment treaty, officially known as the Transatlantic Trade and Investment Partnership (TTIP).
What are the threats?
TTIP poses worrying economic, social and environmental risks as well as threats to democratic decision-making. Increased competition could harm Europe's weaker economies and cause job losses. The 'harmonisation' of EU and US laws could drive down existing EU standards, undermining consumer safety, sustainable agriculture, environmental protection, digital rights and animal welfare. The banking and finance sector may be further deregulated. Labour rights could be undermined, whilst there could be more pressure for the privatisation of public services.
An attack on democracy
Under the 'investment' provisions of TTIP, businesses will gain the right to legally challenge EU governments in extra-judicial corporate courts if they feel that laws interfere with their profits (through the investor-to-state dispute settlement (ISDS) mechanism. This would open the floodgate to multi-million euro lawsuits from corporations challenging democratic laws and policies.
The European Commission is hiding crucial information about the proposed trade deal from the public, refusing to release the negotiating text. In this way the Commission prevents citizens from assessing the potential impacts and helps suppress widespread opposition to the negotiations. We must not allow this to happen.
What we have done so far
We have produced hard-hitting investigative reports and articles about TTIP, the lack of transparency that surrounds the whole process, the privileged access given to big business lobby groups, the proposed new investor privileges that threaten public interest and the potential impact on a whole range of public interest issues. We have exposed the myths spread by the European Commission and, together with other groups, we are building a strong civil society voice to sound the alarm.
Why we need your help
CEO wants to step-up its investigative work to shed light on how big corporations and their lobby groups are working to engineer a deal that suits the 1 per cent, but which would be a disaster for people and the environment. Ambitious outreach is needed – and fast – to alert citizens and decision-makers across Europe. With your support we can produce these publications in large numbers, translate them into several languages and make sure they reach a wide number of citizens and parliamentarians. We will produce a video to explain the potential impacts of giving corporations the right to sue governments through TTIP . With your help, we will also organise educational 'lobbytours' in the Brussels EU quarter for citizens and the media to expose industry lobbying for TTIP .
Thank you in advance for your support in helping to challenge the threats of the EU-US trade deal and to stop the free trade attacks on our democracies.
The CEO team