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Rumor Mill News Reading Room, Current Archive

Lobbyists Love TTIP: Big Business Already Exploiting New Trade Deal

Posted By: RumorMail
Date: Wednesday, 27-Jan-2016 17:16:32
www.rumormill.news/38522

Activists opposed to TTIP have discovered at least six instances of lobbyists exploiting the agreement to change EU laws in their favor, Der Spiegel reported.

Consumer rights activists take part in a march to protest against the Transatlantic Trade and Investment Partnership (TTIP), mass husbandry and genetic engineering, in Berlin, Germany
© REUTERS/ Fabrizio Bensch
Rising Against the Machine: Some 5,000 Protest in German Capital Against TTIP Deal
The Transatlantic Trade and Investment Partnership (TTIP) trade agreement has been exploited on several occasions by lobbyists who used the agreement to interfere with the legislative process in Europe, Der Spiegel reported on Monday.

One aspect of TTIP negotiations between the US and EU uses the framework of "regulatory cooperation" to dismantle "regulatory barriers" to transatlantic trade, and prevent the emergence of new regulations that could block trade.

The mechanism has sparked concerns that it is used by lobbyists to change EU standards in favor of business, at the expense of regulations regarding such areas as environmental protections, safety at work and public health and food safety.

"Big industry has succeeded in using the framework of the Transatlantic Business Dialogue to enforce its interests at the expense of the common good," Max Bank from the campaign group Lobbycontrol told Der Spiegel.

Transatlantic Business Dialogue (TABD) is a lobby group of CEO's that has been meeting with top officials from the European Commission and US Department of Commerce since the 1990s.

Der Spiegel reported that executives from companies such as BASF, Audi, Merck und Ford have used the meetings to push their agenda.

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AN EXPLANATION OF THE FACTIONS