The EU's trade policy aims to increase the competitiveness of European companies - by guaranteeing them access to the world's raw materials, opening new markets through free trade deals and by making sure that regulations at home do not stand in their way. CEO is challenging this craze for competitiveness, which we believe advances the interests of corporate Europe at the expense of social and environmental justice.
Yesterday Corporate Europe Observatory published a leaked document which carried a specific proposal from the European Commission on how to deal with “regulation” in the TTIP negotiations (the Transatlantic Trade and Investment Partnership, a trade agreement being negotiated between the European Union and the United States).
A leaked EU negotiation proposal for the EU-US trade agreement reveals the European Commission's plans to fundamentally change the way regulations will be adopted in the future. Such reforms, if adopted, could seriously undermine existing EU rules on food safety, consumer protection, the environment and many other areas as the proposals give new powers to business to call a halt to proposed legislation which conflicts with their interests, or to re-negotiate existing regulations.
The CETA “will include a controversial and unnecessary investment protection chapter and investor-to-state dispute settlement process (ISDS) that a growing number of countries are rejecting for good reasons,” says the transatlantic statement, which is endorsed by more than 80 organizations in the European Union, Canada and Quebec, including Corporate Europe Observatory.
Corporate Europe Observatory
Corporate Europe Observatory (CEO) is a research and campaign group working to expose and challenge the privileged access and influence enjoyed by corporations and their lobby groups in EU policy making.