What is TTIP (Transatlantic Trade and Investment Partnership)
TTIP is a bi-lateral trade agreement negotiated in secret between the EU and US.
What does TTIP mean for you?
TTIP will allow US companies to take over profitable parts of European health services, including the NHS, education and water services. EU trade agreements are effectively privatising the profitable parts of the NHS without a UK vote. UK citizens are have no say.
TTIP’s ‘regulatory convergence’ agenda will bring EU standards on food safety and the environment into line with the US.
For example, 70% of US food now cotains genetically modified ingredients. The EU has no GM foods.
>EU regulations on grow hormones in beef, pesticides other potentially toxic substances will need to be reduced to match US levels.
3 Banking regulations
American banking regulations are tougher than the UK. TTIP might or might not be an advantage to the UK. However, it means that the UK banks will be subject to US laws over which the UK will not be able to control.
ACTA (the Anti-Counterfeiting Trade Agreement) was rejected by the EU in 2012. TTIP will bring back the elements of ACTA affecting on-line privacy. TIP will change data privacy laws. Public access to pharmaceutical clinical trials will be restricted.
5 Jobs losses
TTIP will accelerate movement of jobs away from the UK to cheaper countries with lower wages and lower employment standards.
TTIP includes Investor-State Dispute Settlements (ISDS).
ISDS will allow companies to sue governments if those governments’ policies cause a loss of profits. In effect, unelected transnational corporations can dictate the policies of democratically elected governments.