Slip Sliding Away

Or we can hope so.

Syriza Official Vows to Kill EU-US Trade Deal as ‘Gift to All European People’

by Andrea Germanos, Common Dreams

Monday, February 02, 2015

The TTIP, which would be the biggest trade deal ever, has been criticized as a corporate-friendly deal that threatens food and environmental safety under the guise of “harmonization” of regulations.

Georgios Katrougkalos, now deputy minister for administrative reform, confirmed what he had told EurActiv Greece ahead of his Syriza party’s victory last week: that his parliament would not ratify the trade deal.

“I can ensure you that a Parliament where Syriza holds the majority will never ratify the deal. And this will be a big gift not only to the Greek people but to all the European people,” EurActiv reported Monday.

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Friends of the Earth Europe, which plans to hold a demonstration Wednesday to highlight how the TTIP is a “Trojan treaty.”

Also joining the demonstration is Guy Taylor, trade campaigner for Global Justice Now and an organizer for actions Wednesday, who said in a statement: “It’s unheard of to see so many people traveling to Brussels to lobby their MEPs like this, and that’s testament to just how hugely controversial and unpopular TTIP has become. David Cameron waxes lyrical about national sovereignty, but in pushing for this deal he is willfully handing sovereignty to big business. The deal is not really about trade, it’s about entrenching the position of the one percent. It should be abandoned.”

Underscoring similar concerns is 31-year-old Ross Mackay, who will be joining the actions in Brussels. He told the Scotland Herald, “TTIP is not really about opening up trade and harmonizing tariffs and regulations; it’s about a race to the bottom, locked-in privatization, and a seismic shift in power away from people and their elected governments towards corporations.”

Another reminder of why these “Trade” deals are bad-

Two Leaks Reveal How TAFTA/TTIP’s Regulatory Co-operation Body Will Undermine Sovereignty And Democracy

by Glyn Moody, Tech Dirt

Mon, Feb 2nd 2015

(I)n a single week, we have had two important leaks in this area, both confirming those initial ideas sketched out in 2013 are still very much how TAFTA/TTIP aims to bring about the desired regulatory harmonization.

Corporate Europe Observatory obtained a very recent draft copy of the EU’s proposals for the chapter covering regulatory co-operation (pdf), which describes a new transatlantic organization, now called the Regulatory Cooperation Body.

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Along with this new opportunity for lobbyists to try to shape, slow down or even block new regulations, the EU proposes to hand them a powerful weapon — the impact assessment.

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As Corporate Europe Observatory points out, the only criteria taken into account are impacts on trade or investment. So, for example, new environmental rules might well do wonders for reducing air pollution, but if they have an adverse effect on US or EU companies’ sales or investments, they would be marked as undesirable. This is likely to have a severe chilling effect on bringing in new standards that protect the public but might impose new costs on business.

The other leak, obtained by the Greens MEP Michel Reimon, concerns regulatory co-operation in the field of finance (pdf). This is a contentious area: the US is reluctant to harmonize financial regulations through TAFTA/TTIP because Europe’s are weaker; for the same reason, the European finance industry is keen to use TAFTA/TTIP as a way of undermining America’s more stringent rules.

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That is, the European Commission wants the US to sign up to TTIP without any specification of exactly how the new Financial Regulatory Forum will work, or what powers it will have. This seems a clear effort to sneak in elements later that the US is currently resisting.

What these important leaks confirm is that the regulatory co-operation that lies at the heart of TAFTA/TTIP would undermine sovereignty on both sides of the Atlantic. The Regulatory Cooperation Body would provide an important new forum for corporate lobbyists to intervene even earlier in the life of proposed rules and regulations than they do now — and long before lawmakers have a chance to express their views. The end-result is likely to be an impoverishment not just of public policy-making, but of democracy itself.