WHAT IS TTIP? THIS IS WHAT YOU NEED TO KNOW
Lately we hear a lot about the TTIP and there seems to be some debate around. Just we understand that it is something that affects foreign trade, international trade. But the average citizen does not understand much. What is TTIP? We are wondering.
So we decided to consult experts in foreign trade and international trade, iCustoms24 a customs agency to clarify us what is TTIP. And our friends from the customs agency have put us a little bit.
WHAT IS TTIP
The TTIP is the Transatlantic Trade and Investment Partnership (also known as Transatlantic Free Trade Area or TAFTA). That is, the Transatlantic Agreement for Trade and Investment. It is a negotiated agreement that began in 2013 and is currently being negotiated between the United States and the European Union to increase trade and investment between the EU and the US making the untapped potential of a genuine transatlantic market by creating new economic opportunities for job creation and growth through improved market access and greater regulatory compatibility and marking a pattern of global standards on reality.
The negotiations take place in weekly cycles alternating between Brussels and the United States. And negotiators hope to conclude its work in 2017. Although they are in a rut right now as part of European partners (mainly France and Germany) are reluctant.
To achieve this goal, the Agreement shall consist of three key components:
– Market access.
– Regulatory issues and non-tariff barriers (NTBs).
These three components were negotiated in parallel and form part of a single act to ensure a balanced outcome between the removal of rights, removing regulatory barriers to unnecessary foreign trade and improving standards leading to significant results in each of these components and an effective and reciprocal opening of the respective markets, as the negotiating mandate given to the European Commission says.
RISKS FOR THE STATE
For the state there are two key risks:
– On the one hand the absolute blurring under the TTIP and the eventual failure of the neoliberal apply different statements that pulsate in the TTIP policies. The characteristics of a treaty like this, dependent plus the European Union, would materially impossible to change in the event that new majorities were asked modification.
– Secondly, the privatization of justice, to submit all disagreements on foreign investments to private arbitration proceedings.
RISKS FOR EUROPEAN CITIZENSHIP
The five major risks for European citizenship would be:
– Loss of labor rights, since the US has signed only 2 of the 8 core ILO Conventions.
– Limitation of the rights of collective representation of workers.
– Forgetting the precautionary principle in the field of technical standards and industrial standards.
– Privatization of public services, by establishing a short list of those that can not be privatized.
– Risk of wage reduction, taking into account the effect that could have NAFTA and Trans eventual agreement.