TTIP May Be Dead, But Something Even Worse Is Coming

George Monbiot writes for The Guardian:

Is it over? Can it be true? If so, it’s a victory for a campaign that once looked hopeless, pitched against a fortress of political, corporate and bureaucratic power.

TTIP – the Transatlantic Trade and Investment Partnership – appears to be dead. The German economy minister, Sigmar Gabriel, says that “the talks with the United States have de facto failed”. The French prime minister, Manuel Valls, has announced “a clear halt”. Belgian and Austrian ministers have said the same thing. People power wins. For now.

But the lobbyists who demanded this charter for corporate rights never give up. TTIP has been booed off the stage but another treaty, whose probable impacts are almost identical, is waiting in the wings. And this one is more advanced, wanting only final approval. If this happens before Britain leaves the EU, we are likely to be stuck with it for 20 years.

The Comprehensive Economic and Trade Agreement (Ceta) is ostensibly a deal between the EU and Canada. You might ask what harm Canada could do us. But it allows any corporation that operates there, wherever its headquarters might be, to sue governments before an international tribunal. It threatens to tear down laws protecting us from exploitation and prevent parliaments on both sides of the Atlantic from legislating.

READ MORE…

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