Posted by jonathanfryer on Tuesday, 20th May, 2014
Last night, at Friends House in Euston, the North East London branch of the World Development Movement (WDM) organised a Euro-election hustings focussing on the Transatlantic Trade and Investment Partnership (TTIP), which the Green Party and several NGOs involved in overseas development issues have been campaigning against. The timing was well-chosen, not just because of the elections on Thursday but also because yesterday the fifth round in bilateral negotiations began in Arlington, West Virginia. Proponents of TTIP claim that it will create millions of jobs, as well as adding significantly to the GDP of both the US and the EU, as well as third countries, though opponents see it as a means by which US corporations will be able to get easier access to wield their power in Europe. There are two issues relating to TTIP which do concern me, namely the provision that would allow companies to sue governments (at an independent tribunal) if they believed they had suffered financially by being excluded from a lucrative contract. And secondly, I believe the NHS should be ringfenced, so that it is not opened up to competitive tendering from US companies. There is currently a consultation going on in which the European Commission in Brussels is soliciting comments from the public, and it is unlikely that any TTIP agreement could be finalised before the end of 2015. I would only support it if the two points I raised above are met, and if the guarantees that the current EU Trade Commissioner, Karel de Gucht, has made that Europe would not be forced to lower food safety standards, for example allowing in chlorine-washed US chicken or GM foods. So a lot of hard negotiation needs to happn. I hope the outcome is successful, as I believe it could lead to greater prosperity and employment, but that must not be at any price.