The Transatlantic Trade and Investment Partnership (TTIP) is currently being negotiated between the European Union and the USA. While reading it I stumbled across this sentence and begin to investigate.
“Improved regulatory coherence and cooperation by dismantling unnecessary regulatory barriers such as bureaucratic duplication of effort”
This sounds wonderful Aditya! Surely this is good?
Well, not quite. The broader implications of this seemingly innocent sentence are actually quite sinister. When you think about it, what TTIP aims to do is crush the best parts of European system we currently have. Let’s take the idea of public health care, something alien to the American government. What TTIP would do could make it easier for private American firms to gobble up the NHS. The worst bit? There’s nothing we can do about this. Negotiations are taking place behind closed doors so whatever happens will happen*. On top of this, TTIP will cause the loss of jobs in Europe. Look at NAFTA, a similar venture, which resulted in the loss of around 700,000 jobs which were shifted to Mexico. Under TTIP, jobs will probably cross the Atlantic to the USA, where trade unions have less rights and where the standard of labour is lower.
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