Transatlantic Trade and Investment Partnership (TTIP) - Myths, Facts, Arguments
In June 2013, the European Union and the United States launched negotiations on a Transatlantic Trade and Investment Partnership (TTIP).
The EU and the United States expect significant economic growth and increased employment from deeper and more comprehensive transatlantic integration. Yet in the past few months, the negotiations have drawn increasing criticism. Civil society groups warn that TTIP will lead to lower standards of consumer and environmental protection and will impose restrictions on the legislative sovereignty of the EU (including ist member states) and the United States. They also claim that only large corporations will benefit from the trade agreement rather than the people, and that the risks posed by TTIP clearly outweigh the potential economic benefits.
Is there anything to this criticism? While the concerns of citizens must to be taken seriously, upon further examination of the mandate of the EU and the United States, the position papers of the negotiating partners, and the results of the negotiations to date, it becomes apparent that many of these worries are largely unfounded.
(Position Paper edited on March 11, 2015)