So the US government is currently negotiating two trade deals, the
Trans-Pacific Partnership, with a bunch of Pacific nations including Canada, Australia, Japan and a bunch of others (but not China), and the
Transatlantic Investment and Trade Partenership.Both are being trumpeted as cheap and easy way to boost growth. However, they both have significant issue. I'm going to be bitching mostly about the TTIP here, being an European and all that, but we have a lot of non-European members here and many of the issues are common to both trade deals.
Now, at the core of the TTIP is the idea that since tariffs are already almost non-existent between the EU and US, the main barriers to trade are regulatory differences. This mean of course that any trade deal will have to infringe a lot on national sovereignty.
So in not particular orders, here is a rundown of some issues about the TTIP:
- Transparency: Like most trade deals, the TTIP is being negotiated in secret. Up to a point this make sense: you can't negotiate anything if various interest groups bitch about it back home all the time. However, the fact that negotiators make frequent talks with businesses and business associations makes it feels like the secrecy is mostly a way to circumvent the democratic process.
- Investor-State Dispute Settlement: Probably the single worse part of the TTIP. Created in the 70's with trade deals with developing countries to prevent expropriations, ISDS create private tribunal where corporations can sue states for any regulatory change that diminish their profit. Here is a list of similar cases under NAFTA and CAFTA successful cases include forcing Canada to re-allow a particular sort of toxic fuel additive or repelling a Mexican high-fructose corn-syrup tax.
- Cheesy Name: The EU wants to force the US to accept its protections on names. Stuff like Champagne, Parmesan or Feta have to be produced in particular areas in the EU to be able to claim the name. Expanding this to the US would prevent US producers from making products using those names.
- Internet Freedom: Copyright holders everywhere wants to use the TTIP to impose strict copyrights-protections schemes. Funnily enough, European activist blame the US government, while judging by GlyphGryph's posts somewhere, Americans think it's the European Commission's fault. Go figure.
- Food Standards:Europe has generally higher food standard than the US. There has been a push by US producers to gets rid of EU regulations, from the ban on chlorinated chicken to GMOs.
- Medicine and Patents: Europeans enjoy lower drug prices, in part due to healthcare system that weren't designed to screw everyone, but also in part due to saner patent laws. Of course, US Pharma companies push for regulatory change to screw us over
- Cultural Protections: Many Europeans countries, most prominently France, have local or language content requirement for cultural products on TV and Radio. The US, a large exporter of such content is pushing to remove those protections.
This list is by no mean exhaustive, and as you can see, clearly show my European perspective on things. I'm interested in hearing points of views from across the Atlantic, as well as generally discussing those trade deals and what can be done to block them.