In recent months the negotiations for the Transatlantic Trade and Investment Partnership (TTIP) have come under stark criticism. Civil society groups warn that TTIP will lead to lower consumer protection and environmental standards, as well as limit the regulatory sovereignty of the EU, its Member States, and the United States. These groups are concerned that only large firms would benefit from the agreement and not ordinary citizens and consumers. According to the critics, the risks clearly outweigh the potential benefits. Is there any truth in these allegations? Without a doubt these public concerns have to be taken seriously.