~ TTIP ~ A CHARTER FOR DEREGULATION AN ATTACK ON JOBS AN END TO DEMOCRACY

THE BASICS TTIP = Transatlantic Trade and Investment Partnership EU-US talks launched Feb 2013; aiming to conclude 2015 Negotiations held in secret between European Commission and US government officials every two months EU has put a 30-year ban on public access to all key negotiating documents; US a 5-year ban from end of talks MPs from EU member states (inc UK) also have no access to any of the key negotiating documents

IMPACTS PREDICTED According to the European Commission’s own studies: At least one million people will lose their jobs as a direct result of TTIP, in EU and US combined EU admits “legitimate concerns” that many of these people will not find alternative work TTIP will add an extra 11m metric tons of CO 2 to the atmosphere, and will further endanger biodiversity

THE THREE PILLARS TTIP rests on three central pillars: 1.DEREGULATION 2.PRIVATISATION 3.NEW POWERS TO CAPITAL

1. DEREGULATION TTIP is not a traditional trade agreement reducing border tariffs (tariffs between EU & USA are already minimal) TTIP explicitly aims at ‘regulatory barriers’ to trade – i.e. environmental standards, labour rights, food safety rules TTIP = particular threat in Europe, since EU regulations enshrine precautionary principle to protect public health Precautionary principle: if there’s a risk that something is dangerous, it can’t be introduced (US has opposite: unless you can prove it’s unsafe, it can be introduced)

1. DEREGULATION Examples of regulatory ‘barriers’ targeted by US producers: EU ban on GMOs EU ban on beef produced with bovine growth hormones EU ban on high levels of pesticide residue in food EU rules on toxic chemicals (REACH regulations) EU (led by UK) in turn pushing for relaxation of US financial regulations introduced after the banking crisis of

2. PRIVATISATION TTIP seeks to expand reach of private sector companies into new markets Public services and government procurement contracts included within TTIP negotiations, UK government confirms UK government admits it wants TTIP to “complete the single market” in Europe by opening more to private sector Also in USA: ‘Buy America’ provisions (key for protecting local jobs and small businesses) explicitly targeted by TTIP

3. NEW POWERS TO CAPITAL TTIP represents the biggest single transfer of power to transnational capital in a generation In particular, TTIP will introduce an ‘investor-state dispute settlement’ (ISDS) mechanism between EU and USA This allows US corporations to sue EU states for policy decisions that could harm their profits in the future Cases adjudicated by corporate lawyers in secret tribunals only open to foreign investors, bypassing domestic courts

3. NEW POWERS TO CAPITAL Corporations already using such powers from other treaties: Vattenfall suing Germany for €5bn over nuclear phase-out Philip Morris suing Australia for plain cigarette packaging law Veolia suing Egypt for raising the minimum wage Achmea won against Slovakia for reversing health privatisation Occidental successfully sued Ecuador for $1.77bn

RESISTANCE BUILDING #NoTTIP has brought together strong coalition of trade unions, environmental, public health, digital and other activists All UK trade unions fully opposed to TTIP; German, French and other EU unions also demanding halt to negotiations EU forced to halt ISDS negotiations to run public consultation, which saw record 150,000 responses (50,000 from UK alone) European Citizens’ Initiative on TTIP & CETA (EU-Canada) raised 1 million signatures in record two months across EU

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MORE INFORMATION waronwant.org stop-ttip.org (ECI) nottip.org.uk