Florian Moritz - Economic, Finance and Fiscal Policy Department - German Confederation of Trade Unions TTIP Risks & Chances FES Berlin,

Chances? Not much extra growth… Not much job creation… Setting global standards? Yes! But the right ones!  Trade talks between USA & EU could and should aim at new rules for trade, forming a just and fair globalization.  That means: Current negotiations go in the wrong direction

Risks  Increasing competition at the expense of labour, consumer & environmental standards… NEEDS: a level playing field with the highest standards  Limitation of parliament‘s and government‘s regulatory power… NEEDS: No ISDS, No Investment Protection Chapter; No „Regulatory Council“ as gateway for lobbyists; guaranteed options of making public procurement conditional on compliance with social standards  Pressure towards privatization… NEEDS: Clear carve-outs/ exceptions; Positive List Approach…

What should be done Open, participatory process to  define how a fair trade policy framework / a fair globalization should look like  EU-context: Alternative Trade Mandate?  Investment protection: Evaluate existing agreements and ISDS cases – have they made any sense? Where do we need what kind of investment protection?

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