Consumers risk losing out in a planned free-trade deal between Europe and the United States if big business succeeds in loosening standards, European consumer and environmental groups warned on Tuesday.
Canada won’t realize the benefits negotiated under CETA until it allows imports of beef produced in the EU, which is still banned due to BSE. This is a concession the EU will also press the US to make in the TTIP, says the US beef industry.
The US and European trade union movements don’t want to see any weakening of standards through TTIP. Froman and deGucht have said they don’t want that either, but successive trade deals have done precisely that.
As negotiations get under way for an EU-US trade agreement, European environmental and consumer groups are mobilising to contest a pact they believe would lower standards for everything from apples to automobiles.
Long before trade negotiations began with the United States this summer, European officials were consulting with business leaders from both sides of the Atlantic on how to structure a free-trade pact.
An article in today’s New York Times details how corporate leaders met last year with European officials on the proposed Transatlantic Trade and Investment Partnership (TTIP) months before trade negotiations officially began.
Thanks to the unexpected government shutdown in the US, this week’s Transatlantic Trade and Investment Partnership (TTIP) talks have been postponed. Nevertheless, the EU Trade Commissioner Karl De Gucht said that this “in no way distracts from our overall aim of acheiving an ambitious trade and investment deal”, though the duration of the US government shutdown remains unclear.
While EU-US trade talks are expected to generate great economic benefits on both sides of the Atlantic, the impact of a trade agreement on the EU's healthcare systems will surely be negative, experts warn.