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.

the sting Milestone

Featured Stings

Can we feed everyone without unleashing disaster? Read on

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

‘No steps taken’ so far to end Israel’s illegal settlement activity on Palestinian land – UN envoy

COP21 Breaking News_03 December: Unprecedented Global Alliance for Buildings and Construction to Combat Climate Change

These are the world’s 20 most dynamic cities

Hazy ‘breakthrough’ saves PM May, leaves Ireland in limbo: Brexit

Discussion at Europe House: Brexit & Food

Youth2030: UN chief launches bold new strategy for young people ‘to lead’

EU-UK future relations: crucial to ensure EU leverage and unity

Why it’s good to turn your colleagues into friends

Why vaccines are not just for children

An all-out fight for the EU budget

Mental health and social isolation: how do have an active participation in self-care?

How scientists are turning living cells into the tiny factories of the future

UN atomic watchdog chief updates governing body on key North Korean reactor

Migrants and refugees are being forgotten in the COVID-19 response. This has to change

EU’s new environmental policy on biofuels impacts both the environment and the European citizen

International Day of Cooperatives sets stage for long-standing production and consumption

European Youth Forum welcomes establishment of new Youth Intergroup in the European Parliament

Eurozone slowly but surely builds its Banking Union

Is Britain to sail alone in the high seas of trade wars?

Africa-Europe Alliance: first projects kicked off just three months after launch

Obama turns the G20 summit into warmongering platform

OECD economic scenarios to 2060 illustrate the long-run benefits of structural reforms

Four years on and half a billion dollars later – Tax Inspectors Without Borders

COP21 Breaking News_03 December: Argentina Accepts KP Amendment

Rise in number of children killed, maimed and recruited in conflict: UN report

Europe to turn the Hamburg G20 Summit into a battlefield

Trade barriers are slowing plastic-pollution action. Here’s how to fix it

1 million citizens try to create a new EU institution

British PM May’s Brexit proposal remains obscure while her government unravels

Gender equality, justice in law and practice: Essential for sustainable development

We need to rethink cybersecurity for a post-pandemic world. Here’s how

North Korea: ‘Time to talk human rights’, says UN expert

With human rights under attack, UN chief unveils blueprint for positive change

A Sting Exclusive: “Cybersecurity Act for safer European Industries and Consumers against cyberthreats”, by MEP Niebler

Generation Z will outnumber Millennials by 2019

COP21 Breaking News_09 December: The Draft Agreement Updated

Elections in Britain may reserve a surprise for May’s Tories

The Czech economy is thriving but boosting skills and productivity and transitioning to a low-carbon productive model is vital to sustainable and inclusive growth

UN gears up emergency food aid for hurricane-struck region of Bahamas, as death toll rises

Is Eurozone heading for disinflation?

Humanitarian crisis in Yemen remains the worst in the world, warns UN

Fairer and clearer rules on social benefits for EU mobile workers agreed

Migration has set EU’s political clock ticking; the stagnating economy cannot help it and Turkey doesn’t cooperate

Why sustainable products are a win-win for all of us

Internet Forum: Prioritize technologies most needed for sustainable development

Why Eurozone urgently needs the ECB to print and distribute at least €500 billion

Health without borders: How we can Improve International Collaboration in Health Care

EU’s tougher privacy rules: WhatsApp and Facebook set to be soon aligned with telcos

Joint EU-U.S. statement following the EU-U.S. Justice and Home Affairs Ministerial Meeting

COP21 Paris: The Final Agreement Adopted-full text

Parliament criticises Council’s rejection of money laundering blacklist

Costa Rica has doubled its tropical rainforests in just a few decades. Here’s how

Franchise India 2016, returns in 14th year 

Who can unlock the stalled Brexit negotiations? UK Premier sticks to her proposal

Why South Africa is on a path of economic renewal

From Kenya to China, here’s why countries should start working together on AI

Who should be responsible for protecting our personal data?

How supply chain transparency can help businesses make the right calls

‘Well-being of two million’ in Gaza at stake as emergency fuel runs dry: UN humanitarian coordinator

More Stings?

Advertising

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