Corporate Europe Observatory

Exposing the power of corporate lobbying in the EU

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Dangerous Regulatory Duet

How transatlantic regulatory cooperation under TTIP will allow bureaucrats and big business to attack the public interest

The ongoing EU-US trade negotiations, TTIP, seek to bring rules on both sides of the Atlantic together by means of so-called regulatory cooperation. This part of the talks involves dismantling existing “regulatory barriers” and preventing new ones from emerging with public interest regulations having to go through lengthy procedures, including vetting by business for possible impacts on trade. It has sparked concerns that the trade deal will lead to attacks on environmental protections, safety at work regulations, and laws to defend public health and food safety– to name but a few. Our latest report finds that regulatory cooperation procedures have already been used to delay, water down and prevent legislation in the public interest. It thus confirms this critique.

The report examines the origins and impacts of TTIP's proposals for regulatory cooperation and shows that the process has been dominated by big business right from the start. The examples highlighted in the study are the weakening of EU ambition on the management of hazardous electronic waste, the lack of supervision of the insurance giant AIG in the years leading up to the 2008 financial crash, the free pass offered to US companies on the Safe Harbour agreement that allowed them to ignore rules on the protection of personal data, and delayed or weakened proposals on animal testing, ozone-depleting substances, and aviation emissions.

The favoured approach of the EU - to ensure laws are similar on both sides of the Atlantic - is exactly the kind of “regulatory cooperation” that has already resulted in lower standards.

The TTIP talks between the two sides officially started in 2013, but preparations for the deal have been ongoing for decades, largely in secret and with privileged access granted to representatives from big business. They cover a wide range of policy areas from chemicals regulations to employment policy, data protection to agriculture and is thus the biggest focal point for lobbying efforts right now in Brussels.

Report: http://corporateeurope.org/sites/default/files/attachments/regulatorydue...

The ongoing EU-US trade negotiations, TTIP, seek to bring rules on both sides of the Atlantic together by means of so-called regulatory cooperation. This part of the talks involves dismantling existing “regulatory barriers” and preventing new ones from emerging with public interest regulations having to go through lengthy procedures, including vetting by business for possible impacts on trade. It has sparked concerns that the trade deal will lead to attacks on environmental protections, safety at work regulations, and laws to defend public health and food safety– to name but a few. Our latest report finds that regulatory cooperation procedures have already been used to delay, water down and prevent legislation in the public interest. It thus confirms this critique.The report examines the origins and impacts of TTIP's proposals for regulatory cooperation and shows that the process has been dominated by big business right from the start. The examples highlighted in the study are the weakening of EU ambition on the management of hazardous electronic waste, the lack of supervision of the insurance giant AIG in the years leading up to the 2008 financial crash, the free pass offered to US companies on the Safe Harbour agreement that allowed them to ignore rules on the protection of personal data, and delayed or weakened proposals on animal testing, ozone-depleting substances, and aviation emissions.The favoured approach of the EU - to ensure laws are similar on both sides of the Atlantic - is exactly the kind of “regulatory cooperation” that has already resulted in lower standards.The TTIP talks between the two sides officially started in 2013, but preparations for the deal have been ongoing for decades, largely in secret and with privileged access granted to representatives from big business. They cover a wide range of policy areas from chemicals regulations to employment policy, data protection to agriculture and is thus the biggest focal point for lobbying efforts right now in Brussels.Report: http://corporateeurope.org/sites/default/files/attachments/regulatorydue...
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Comments

Submitted by Diogenes (not verified) on

Podian tener traducido el informe "Regulatory Duet" en otros idiomas: español, frances, aleman etc: de esta manera muchos millones de personas mas podrían enterarse de lo que se dice.

Un saludo

Submitted by jean-guy giraud (not verified) on

The extraterritorial reach of US laws is likely to have a strong impact on US/EU trade and investment relations - notably via (heavy) sanctions on EU firms (notably - but not solely - on EU financial institutions). Although not formally included in TTIP negotiations, this question should be dealt with in parallel as the present (and next ?) US administration is increasing its international reach in conjunction with its diplomacy. JGG

Submitted by Andy (not verified) on

TTIP is not about specific rules but giving US corporations censorship rules for EU Commission legal proposals. Stakeholderism on steroids.

Plus mutual recognition which means worse of both worlds.

Submitted by Mr.K (not verified) on

Democracy must be able to change, if it cant then it isnt true democracy. The idea that some company (presumably only corporations will be able to make use of this anyways) will be able to go to a Government and sue them like some low down dirty criminal all just because their parliament created more stringent health,safety,environmental,financial,worker protection laws etc. is anti democratic and therefore must be challenged and put down whenever this terroristic concept shows itself in proposals. That someone could even come up with something as disgusting as this should be a red flag as to what kind of people our politicians are getting their advice from. My words may be harsh but only to match the harshness of those who wish to attack our nations freedoms to create and change laws.

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CETA is a sweeping trade deal restricting public policy options in areas as diverse as intellectual property rights, government procurement, food safety, financial regulation, the temporary movement of workers, domestic regulation and public services, to name just a few of the topics explored in this analysis.

A new report on the Comprehensive Economic Trade Agreement (CETA) reveals how the trade deal could make EU member states vulnerable to costly lawsuits from North American investors that threaten public interest.

A deregulation agenda is sweeping through the Commission & member states, particularly pushed by the UK.

The recent leak of many parts of TTIP, allowing us for the first time to read the negotiating position of the US, confirms our most serious concerns.

The European Food Safety Authority (EFSA) yesterday announced it will release the majority of the raw study data used in its toxicity assessment of glyphosate. This is a welcome step towards greater regulatory transparency.
The latest revelations about ‘Steelie’ Neelie Kroes show that, when it comes to ethics and transparency, the Commission is complaisant about conflicts of interest and far too relaxed about the risk of corporate capture.
The European Food Safety Authority (EFSA) told CEO today, and publicly announced on their website, that they would disclose most of the raw data of studies on glyphosate used in the EU's toxicity assessment of glyphosate.
In an attempt to fix its public image, Dieselgate-shaken Volkswagen names former EU Climate Commissioner Connie Hedegaard as member of its new ‘Sustainability Council’. Although the role is unpaid, it is highly questionable whether Volkswagen is actually committed to making up for its previous foul play.
 
 
 
 
 
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