PERMISSIONS:
You may link to my blog but if you want to copy my article to your own blog, please give the following credit: From "Ampers' Rants" at www.ampers.me.uk. Thank you.

APOLOGIES
I have been over zealous with political comment lately so have now accepted the offer to assemble and write for two blogs on the WatchingUK website. The "Good News" blog is for items where we have benefited from the Brexit referendum vote and the "Bad News" blog is where others have tried to damage our chances of leaving the EU.

SUBSCRIPTIONS:
If you like what you see, why not subscribe to the blog? You can follow Ampers' Rants by adding your email address in the box below (left) Notifications are also shown in my Twitter account: AmpersUK.

Sunday, 19 April 2015

About "The Transatlantic Trade and Investment Partnership" Scary!

The following article has been cut short for legal reasons from the Independent. Please follow the link at the bottom to see the final half of the items listed.

What is TTIP? And six reasons why the answer should scare you

By Lee Williams
Tuesday 7 October 2014

Have you heard about TTIP? If your answer is no, don’t get too worried; you’re not meant to have.
The Transatlantic Trade and Investment Partnership is a series of trade negotiations being carried out mostly in secret between the EU and US. As a bi-lateral trade agreement, TTIP is about reducing the regulatory barriers to trade for big business, things like food safety law, environmental legislation, banking regulations and the sovereign powers of individual nations. It is, as John Hilary, Executive Director of campaign group War on Want, said: “An assault on European and US societies by transnational corporations.”

Since before TTIP negotiations began last February, the process has been secretive and undemocratic. This secrecy is on-going, with nearly all information on negotiations coming from leaked documents and Freedom of Information requests.

But worryingly, the covert nature of the talks may well be the least of our problems. Here are six other reasons why we should be scared of TTIP, very scared indeed:

1 The NHS

Public services, especially the NHS, are in the firing line. One of the main aims of TTIP is to open up Europe’s public health, education and water services to US companies. This could essentially mean the privatisation of the NHS.
1 The NHS
The European Commission has claimed that public services will be kept out of TTIP. However, according to the Huffington Post, the UK Trade Minister Lord Livingston has admitted that talks about the NHS were still on the table.

2 Food and environmental safety

TTIP’s ‘regulatory convergence’ agenda will seek to bring EU standards on food safety and the environment closer to those of the US. But US regulations are much less strict, with 70 per cent of all processed foods sold in US supermarkets now containing genetically modified ingredients. By contrast, the EU allows virtually no GM foods. The US also has far laxer restrictions on the use of pesticides. It also uses growth hormones in its beef which are restricted in Europe due to links to cancer. US farmers have tried to have these restrictions lifted repeatedly in the past through the World Trade Organisation and it is likely that they will use TTIP to do so again.

The same goes for the environme3 Banking regulationsnt, where the EU’s REACH regulations are far tougher on potentially toxic substances. In Europe a company has to prove a substance is safe before it can be used; in the US the opposite is true: any substance can be used until it is proven unsafe. As an example, the EU currently bans 1,200 substances from use in cosmetics; the US just 12.

3 Banking regulations

TTIP cuts both ways. The UK, under the influence of the all-powerful City of London, is thought to be seeking a loosening of US banking regulations. America’s financial rules are tougher than ours. They were put into place after the financial crisis to directly curb the powers of bankers and avoid a similar crisis happening again. TTIP, it is feared, will remove those restrictions, effectively handing all those powers back to the bankers.

Please visit the article in the Independent to read the last three items, which are as scary as the first three. After it gets to the Independent, there's a few seconds delay before the rest of the page loads due, I imagine, to the fact they haven't cut the size of the photo file down.

Ampers.

No comments: