Secretive Pro-Corporate Trade Deal Could Endanger Health, Labor, Environment | WHAT REALLY HAPPENED

Secretive Pro-Corporate Trade Deal Could Endanger Health, Labor, Environment

The Transatlantic Trade and Investment Partnership is being sold as the world’s biggest trade agreement, with the potential to affect hundreds of millions of Americans and Europeans. So why is it being negotiated in near-total secrecy?

The pact has European food, labor and other advocates up in arms. They say the deal, known by its TTIP acronym, benefits corporations at the expense of the public.

Among the more grave potential consequences: environmental damage, reduced financial regulation, and the placement of corporate rights above those of sovereign nations.

Amid all the hush-hush, one fact stands out: a big place at the negotiating table has been reserved for lobbyists who represent multinational corporations. This has allowed them to argue against including in the final treaty a number of consumer-friendly regulations and standards.

At the same time, the lobbyists are promoting corporate-friendly provisions and a particularly vexing enforcement mechanism. This secretive arbitration court could effectively limit the power of sovereign nations to regulate businesses within their own borders.

Webmaster's Commentary: 

Should this agreement come to fruition, you can bet on two things happening: it will be terrific for multinationals, and completely lousy for We the People.

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