At the end of June, the European Union and the US will officially launch negotiations for a new free trade agreement known as the Transatlantic Trade and Investment Partnership (TTIP). The plan is to create the world's largest free trade area, 'protect' investment and harmonize regulation. While appealing to big business, the trade treaty poses a serious threat for citizens on both sides of the Atlantic, as it could weaken labour, social, environmental and consumer protection standards.