The biggest free trade deal in history is being negotiated now. If finalised, this will be the Transatlantic Trade and Investment Partnership (TTIP) between the European Union (EU) and the United States of America (USA).
The non-profit Corporate Europe Observatory (CEO) (‘Exposing the power of corporate lobbying in the EU’) calls the TTIP a lose-lose deal for food and farming. ‘From a look at their lobbying demands, the agribusiness industry seems to regard the treaty as a perfect weapon to counter existing and future food regulations. However, the corporate food and agriculture agenda has not gone un-noticed. The negotiations face rough weather as more and more people on both sides of the Atlantic are understanding what we stand to lose from this agreement.’
The TTIP has been accused of sneaking past the rule of law.
Free trade, eh? Free for who?