By Jared Angle
October 19, 2015
*Note: this article is a hypothetical policy memo for a graduate school assignment and does not necessarily reflect my exact opinions on aspects of the TTIP negotiations.
Despite strong indications that the Transatlantic Trade and Investment Partnership (TTIP) will be successfully concluded in the near future, the European Commission must take several steps to ensure the agreement’s ratification by European Union member states.
- Increase public and media access to TTIP negotiation texts and draft proposals
- Dismantle the existing investor-state dispute settlement (ISDS) framework and establish an investment court system that is equitable, democratically accountable, and publicly accessible
- Establish a comprehensive food labeling system to protect regional agricultural traditions, identify GMO products, and facilitate consumer choice in European and American markets
For the past two years, citizens of EU member states have paid considerable attention to the ongoing TTIP negotiations. Multiple public consultations have demonstrated significant dissatisfaction surrounding the quality and impact of TTIP as it currently stands. This public opposition gives the European Commission renewed incentive to use the next round of negotiations as an opportunity to coordinate with our counterparts at the Office of the United States Trade Representative (USTR) to make key revisions to the proposed text of the agreement in a manner that addresses the concerns of European civil society while also reconciling the economic interests of private individuals and enterprises in each sector.
By Jared Angle
BRUSSELS — American and European trade officials met with interest group representatives to discuss potential outcomes of the Transatlantic Trade and Investment Partnership (TTIP) in a panel discussion at the European Parliament on Nov. 18.
Hosted by the EP’s centre-left Socialists and Democrats bloc and the International Trade committee, the panel brought Deputy US Trade Representative Michael Punke and EU Trade Commissioner Cecilia Malmström together with experts from European and American consumer protection and labor rights groups.
Projected tariff reductions under TTIP will allow companies to pass savings onto consumers and will allow new companies to begin exporting to international markets, according to Malmström.
“We will deliver a TTIP that is good for consumers; not bad, not ugly,” Malmström said.