As the second round of negotiations on the proposed EU-US trade agreement kick off in Brussels next week, a new report published by the Seattle to Brussels Network today reveals the true human and environmental costs of an EU-US Transatlantic Trade and Investment Partnership.
The recently disclosed text of the EU-Singapore FTA contains the much criticized retail price damages, known from the Anti-Counterfeiting Trade Agreement (ACTA), the treaty the European Parliament rejected last year.
Ghana will lose on average of about US$88.575 million annually if it signs onto the Economic Partnership Agreement with the European Union, says consultant Osman Mensah.
So far, 40 Korean companies have claimed damage from the country's FTAs, with 18 of them claiming damage from the Korea-EU FTA. Out of the total, 30 have been awarded damage.
Brazil's government is ready to present a proposal that would put 90% of its commerce with the European Union under a free-trade agreement, but the effort could stall on resistance from the country's existing partners in the regional Mercosur trade bloc.
Japan's Economy, Trade and Industry Minister Toshimitsu Motegi and European Union Trade Commissioner Karel De Gucht agreed at a meeting in Brussels on Tuesday that Japan and the EU should accelerate their free trade talks.
Canadian prime minister Stephen Harper is seeking to break a deadlock in trade talks with the EU by stepping up his part in negotiations, people familiar with the strategy said.