By Karl Mathiesen. theguardian.com, Friday 14 March 2014 12.32 GMT
What free trade advocates say: The US says the deal would “significantly reduce the cost of differences in regulations and standards by promoting greater compatibility, transparency, and cooperation, while maintaining our high levels of health, safety, and environmental protection”.
In the UK, all three major parties are backing the proposal. John Healey, Labour MP on cross-party committee for trade told parliament last month: “The size of our combined economies and the scale of the potential deal mean that [TTIP] could set standards for future agreements with other countries on consumer safeguards, workers’ rights, environmental protection, trade rules and legal process.”
Coalition government minister Ken Clarke said today:
“We are negotiating on the basis that the deal should...
The Canadian Press Posted: Mar 13, 2014 10:11 AM ET Last Updated: Mar 13, 2014 10:21 AM ET
Prime Minister tells B.C. audience he's open to discussing the 20-year-old pact
With the ink still wet on a free-trade deal with South Korea, Prime Minister Stephen Harper says Canada would be willing to reopen the North American Free Trade Agreement for the right price.
Harper stopped in Vancouver on his way home from South Korea on Wednesday, wasting no time in selling the new agreement.
In a question-and-answer session at a B.C. Chamber of Commerce gathering, he said his government remains focused on building global trade, "particularly given that some of our traditional trading partners — like the United States — may not have the kind of growth rates that you're talking about for a very long time to come."
That said, the prime minister made it clear that Canada may be interested in...
Sir, Robert Zoellick’s assertion that China can advance internal reforms through proposed bilateral investment treaties (BITs) with the US and the EU is unconvincing (“International treaties can once again help China advance”, Comment, March 11). BITs are not meant to tackle corruption and fight favouritism in China, as perceived by Mr Zoellick. Such policy objectives can be best advanced through domestic political reforms. BITs are intended to promote, encourage and protect investments by nationals of one of the contracting states in the territory of the other contracting state.
The growing two-way investment flows between China and the US without any BIT demonstrate that such treaties are neither necessary nor sufficient for attracting investments. Further, BITs include investor-state arbitration which gives foreign investors the right to sue the host country without having to go to...
The report, ‘Profiting from Crisis – How corporations and lawyers are scavenging profits from Europe’s crisis countries’ (1), exposes a growing wave of corporate lawsuits against Europe’s struggling economies, which could lead to European...