Who and why want the EU-US trade agreement here and now

Dan Mullaney, Chief US Negotiator (on the left) and Ignacio Garcia Bercero, Chief EU Negotiator for the Transatlantic Trade and Investment Partnership (TTIP), gave a joint press conference following the TTIP meeting. The next round of TTIP negotiations will take place during the week of 7 October in Brussels (EC Audiovisual Services).

Dan Mullaney, Chief US Negotiator (on the left) and Ignacio Garcia Bercero, Chief EU Negotiator for the Transatlantic Trade and Investment Partnership (TTIP), gave a joint press conference following the TTIP meeting in Washington. The next round of TTIP negotiations will take place during the week of 7 October in Brussels (EC Audiovisual Services).

In the brief period of one week the European Union and the United States concluded last Friday in Washington the first round of talks for a major Transatlantic Trade and Investment Partnership (TTIP) that is their bilateral free trade agreement. The time schedule of this grandiose endeavour is unbelievably short, given the magnitude of the economic relations it is supposed to regulate. Only the EU/US bilateral trade is almost half of world’s total trade, let alone the complexity of the rest of their economic relations, going as far as public procurement and the non-tariff regulative internal market barriers.

Full of GMOs and hormones

In detail this agreement covers market access to agricultural and industrial goods, government procurement, investment, energy and raw materials, regulatory issues, sanitary and phytosanitary measures, services, intellectual property rights, sustainable development, small- and medium-sized enterprises, dispute settlement, competition, customs/trade facilitation, and state-owned enterprises. Seemingly according to the American demands no financial or data protection issues are included. In short the agreement will cover the sectors the Americans want in, and leave outside what the US wants to continue being unregulated.

It took years for the EU to negotiate other free trade agreements but in this case the other side seem to be in a hurry. The EU Council decided at the beginning of this year that negotiations will begin in June 2013 and will be concluded before the end of the year. The agreement on this TTIP should be functional early next year. It will liberalise what the Americans want, which is their exports of GMOs and animal products saturated with hormones.

“It’s been a very productive week”, said EU Chief Negotiator Ignacio Garcia-Bercero coming out of the talks. “We have been striving already for many months to prepare the ground for an ambitious trade and investment deal that will boost the transatlantic economy”. This statement informs everybody that the agreement is already there and what is needed to finalise it is some petty details. Obviously Mr Ignacio didn’t confer with his superior, Commissioner Michel Barnier,who was also in Washington on this occasion.

What the Americans want

This morning the European Sting writer Maria Milouv reported that “Barnier however became more concrete and asked for the inclusion of financial regulation issues in the ongoing negotiations between the EU and the US for the conclusion of a free trade and investments bilateral agreement”. Of course the Americans denied it abruptly and the U.S. Treasury Secretary, Jacob Lew, on this Barnier proposal made a reference to the G20. Everybody knows that the G20 could not and would not write down rules for the financial sector. The leaders of the 20 biggest economies of the world can only discuss ideas for the future not concrete legislations.

The American pressures for a swift conclusion of the bilateral free trade and investment agreement are very strong. Not even the revelation that the US secret services have bugged the entire building of the EU mission in the US was enough to delay, not even for a short time, the progress of the talks for the TTIP. Mr Ignacio was unstoppable in advancing the ‘negotiations’. Obviously his mandate was to conclude the first round of the talks in one week no matter what.

According to the Commission Press release issued at the end of the round,“The negotiators met also in the middle of the week with approximately 350 stakeholders from academia, trade unions, the private sector, and non-governmental organisations to listen to formal presentations and answer questions related to the proposed agreement”. The Sting published this morning a photograph from this meeting. The scene is set in such a small room that couldn’t host more than ten seated people. It must have been a miracle to discuss such a serious issue with 350 stakeholders in this place in one day, even if the stakeholders were coming in shifts.

In any case the truth is that the Americans know exactly what they want from this free trade agreement. The same is true for Germany and Britain, the two EU countries which, for different reasons, want a brief conclusion of the agreement. Germany needs to continue unimpeded exporting to the US and Britain for its own reasons. It’s a pity however to watch the European Union lose its dignity in front of the US. No financial issues, no data protection will interfere in this US led operation.

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

the European Sting Milestones

Featured Stings

These campaigners want to give a quarter of the UK back to nature

How to build a more resilient and inclusive global system

Stopping antimicrobial resistance would cost just USD 2 per person a year

What you need to know about the Sustainable Development Impact Summit

The Franco-German axis considers that all EU needs now is more armaments

Banks launch green charter to help shipping reduce its carbon footprint

‘Virginity testing’: a human rights violation, with no scientific basis – UN

Myanmar military target civilians in deadly helicopter attack, UN rights office issues war crimes warning

Eliminating waste at scale – eight opportunities for blockchain

A Young entrepreneur cries out: “start in Europe, stay in Europe”

On Kristallnacht anniversary, UN chief urges renewed fight against ‘crime’ of anti-Semitism

Rule of Law: European Commission takes new step to protect judges in Poland against political control

Siemens-Alstom merger: Will the EC succumb to Franco-German pressures for the sake of May’s EU Elections?

IFMSA and IPSF on the Health of Migrants and Refugees

Brexit: Only Corbyn and May in concert can make the needed compromises

Three ways China can make the New Silk Road sustainable

Antitrust: Commission fines Sanrio €6.2 million for restricting cross-border sales of merchandising products featuring Hello Kitty characters

IMF cuts global growth outlook, but predicts pick up later in 2019

Good Governance in developing modern quality infrastructure systems

Greater support needed for refugees and migrants from Venezuela – UN

Saudi Arabia must halt air strikes in Yemen, says UN panel

Why is the World Health Organisation so much needed?

Amidst ‘high political tension’, UN chief appeals to G20 leaders for stronger commitment to climate action, economic cooperation

China in my eyes

China is building 8 new airports a year

Greening the Belt and Road is essential to our climate’s future

Europe’s top court hears Intel and sends € 1.06 bn antitrust fine to review

CLIMATE CHANGE FOCUS: Tunisia coastline in need of climate cash boost

The US + Britain trivialize mainland Europe, NATO and the EU

Can Europe and the US reverse their nationalist and xenophobic drift? Is the West becoming belligerent?

Why Indian students are going abroad to become Doctors?

We can make sure Globalization 4.0 leaves no one behind. This is how

Nuclear weapons in Lithuania: defence against Russia or target for terrorists?

Is a full course lunch, a new Commissioner and 2 million anti-TTIP citizens what you would call a “Fresh Start”?

FROM THE FIELD: Keeping Morocco’s indigenous culture and conservation in balance

Council strongly criticised over failing to act to protect EU values in Hungary

Air pollution, the ‘silent killer’ that claims seven million lives a year: rights council hears

Mother of all mergers between Facebook Messenger, WhatsApp and Instagram: EU Data Privacy restrictions against Facebook’s imperialistic plans

ILO: Unemployment to increase by 8.1 million in 2013-2014

These countries are all building brand-new cities

‘Virtual Biopsy’ device detects skin tumours in 15 minutes

Heat stress spike predicted to cost global economy $2,400 billion a year

Is the EU’s enlargement over-stretched?

Foreign investment to be screened to protect EU countries’ strategic interests

Globalization 4.0 will help us tackle climate change. Here’s how

After Brexit and Grexit, Brussels to deal with Poloust

Over 820 million people suffering from hunger; new UN report reveals stubborn realities of ‘immense’ global challenge

How we can embrace the electrical vehicle transition by adopting smart charging

‘Health is a right, not a privilege’ says WHO chief on World Health Day

A record one million Syrians displaced over six months, during six key battles: UN investigators

Commission’s report shows that targeted investment and robust digital policies boost Member States’ performance

‘Refrain from violence’ UN chief urges, as presidential election result is announced in DR Congo

The inhumane face of crisis mirrored in numbers

The future of manufacturing is smart, secure and stable

A Sting Exclusive: “Doing ourselves a favour”, Vice President Dombrovskis underscores that this time growth has to come from within the EU

My experience living with depression and schizophrenia in Thailand

Working Muslim women are a trillion-dollar market

How we overhauled healthcare amid Venezuela’s crisis

Commission makes it easier for citizens to access health data securely across borders

Congrats to the #FutureofMalta: a new age of voting

NATO summit, Brussels, 11-12/07/2018

Obama turns the G20 summit into warmongering platform

As human genome editing moves from the lab to the clinic, the ethical debate is no longer hypothetical

More Stings?

Speak your Mind Here

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s