Background
The
Transatlantic Trade and Investment Partnership
A
March 2013 economic assessment by the European Centre
for Economic Policy Research
estimates that such a comprehensive agreement would result in annual
GDP growth of 68-119 billion euros by 2027 and annual GDP growth of
50-95 billion euros in the United States in the same time frame. The
2013 report also estimates that a limited agreement focused only on
tariffs would yield annual EU GDP growth of 24 billion euros by 2027
and annual growth of 9 billion euros in the United States.
http://www.theguardian.com/commentisfree/2013/nov/04/us-trade-deal-full-frontal-assault-on-democracy
http://www.foreignaffairs.com/articles/139569/thomas-j-bollyky-and-anu-bradford/getting-to-yes-on-transatlantic-trade
for full article:
and
Position
of European Trade Union Confederation:
Greenpeace:
Friends
of the Earth
Other
opponents:
Some
critics claim that the deal will lower standards of consumer
protection, the provision of public services, labour
protection, intellectual property
and environmental protection in the EU and will launch an assault on
European sovereignty. In fact, companies
would gain a huge influence over governments through the proposed
Investor
State Dispute Settlement
(ISDS) mechanism that would allow an investor to sue a government for
‘unfair’ policies against its commercial interests.
http://www.theguardian.com/commentisfree/2013/nov/04/us-trade-deal-full-frontal-assault-on-democracy
Given
the opposition, negotiations may end in a more limited agreement
focused only on tariffs, however, with conventional trade barriers
between the US and the EU already low, the benefits of such a limited
deal would smaller.
The
Trans-Pacific Partnership
Presenting
the case:
and
first reactions now it is published:
Benefits
Drawbacks
Extract:
Investor–state
arbitration
According
to The
Nation's
interpretation of leaked documents in 2012, countries would be
obliged to conform all their domestic laws and regulations to the
TPP's rules, even limiting how governments could spend their tax
dollars. As of 2012, US negotiators were pursuing an investor-state
dispute settlement mechanism, also known as corporate tribunals,
which can be used to attack domestic public interest laws. This
mechanism is a common provision in international trade and investment
agreements, that grants an investor the right to initiate dispute
settlement proceedings against a foreign government in their own
right under international law. For example, if an investor invests in
country "A", a member of a trade treaty, and country A
breaches that treaty, then the investor may sue country A's
government for the breach.
Critics of the investment protection regime argue that traditional investment treaty standards are incompatible with environmental law, human rights protection, and public welfare regulation, meaning that TPP will be used to force states to lower standards e.g., environmental and workers protection, or be sued for damages. The Australian government's position against investor state dispute settlement has been argued to support the rule of law and national energy security.
Critics of the investment protection regime argue that traditional investment treaty standards are incompatible with environmental law, human rights protection, and public welfare regulation, meaning that TPP will be used to force states to lower standards e.g., environmental and workers protection, or be sued for damages. The Australian government's position against investor state dispute settlement has been argued to support the rule of law and national energy security.
latest,
May 2015 to January 2016:
TTIP
Trans-Pacific Partnership (TPP)
http://www.nytimes.com/2015/10/06/business/trans-pacific-partnership-trade-deal-is-reached.html?_r=0
https://ballotpedia.org/2016_presidential_candidates_on_the_Trans-Pacific_Partnership_trade_deal
latest
August 2016
https://www.theguardian.com/business/2016/aug/30/france-demands-end-to-ttip-trade-talks-matthias-fekl
latest
October 2016
http://www.economist.com/blogs/economist-explains/2016/09/economist-explains-9
https://www.theguardian.com/commentisfree/2016/sep/06/transatlantic-trade-partnership-ttip-canada-eu
The
Comprehensive Economic and Trade Agreement (CETA)
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