Transatlantic Trade and Investment Partnership Betrayal
Tuesday, November 26, 2013
The other leg to the Trans-Pacific Partnership is the Transatlantic Trade and Investment Partnership. In Part I scrutiny of the TPP proposal indicates that standards of monopoly amalgamation far exceeded efforts to advance actual competitive trade. From the White House Fact Sheet, the aims of the TTIP are:
Further open EU markets, increasing the $458 billion in goods and private services the United States exported in 2012 to the EU, our largest export market.
Strengthen rules-based investment to grow the world’s largest investment relationship. The United States and the EU already maintain a total of nearly $3.7 trillion in investment in each other’s economies (as of 2011).
Eliminate all tariffs on trade.
Tackle costly “behind the border” non-tariff barriers that impede the flow of goods, including agricultural goods.
Obtain improved market access on trade in services.
Significantly reduce the cost of differences in regulations and standards by promoting greater compatibility, transparency, and cooperation, while maintaining our high levels of health, safety, and environmental protection.
Develop rules, principles, and new modes of cooperation on issues of global concern, including intellectual property and market-based disciplines addressing state-owned enterprises and discriminatory localization barriers to trade.
Promote the global competitiveness of small- and medium-sized enterprises.