The EU and US are currently negotiating about the largest trade agreement EU ever signed. The purpose of this agreement is to create a single market of 800 million consumers. And this will in turn stimulate economic growth plus export and create jobs. Sounds like a good deal right?
The Transatlantic Trade and Investment Partnership (TTIP) has, however, also raised a lot of questions and critiques. The EU would lose a firm part of its product legislation and lower its standards to American levels. Moreover, it has been argued that large multinational corporations would gain to much power, even over democratically chosen governments. This is mainly caused by the so called ‘Investor to State Dispute Settlement’, where companies could sue governments if they restrain the company’s trade mechanisms. Transparency too, seems to be an issue at stake
What the exact outcome of the TTIP negotiations will be, or if it will even pull through as a whole, remains unknown until today. Room for Discussion opens the floor for clarity, questions and answers on this topic. Join us and ask yoúr question!