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TRANSATLANTIC TRADE AND INVESTMENT PARTNERSHIP BY MEPS

TTIP, aimed at creating the world's biggest free trade zone between the United States and Europe, is opposed by parties on the right and left of the political spectrum. The possibility of an US-EU trade is creating angry scenes in the European parliament.

US president Barack Obama is struggling on receiving through Congress the so-called “fast track”authority: an instrument allowing the President to negotiate international trade agreement without a vote from the Congress.

Meanwhile it is the first time, elected representatives in Strasbourg are really expressing their voices on TTIP and the delay was caused by the pro-TTIP leadership afraid of losing the debate.

Due to the vote, many problems were raised. First of all, campaigners reached 2 million signatures against the deal (due also to the secrecy behind the negotiations).

Also the MEPs themselves are really divided on the matter:  leading socialist group Martin Schulz and Bernd Lange claimed the too many amendments, but really they are afraid of losing control of their own bloc. Especially the Labour Party didn’t agreeon many aspects of TTIP, leading to the high possibility of a critical resolution.

After holding a new debate, TTIP goes back to the trade committee because the majority of MEPs feels that this trade is a real threat to European sovereignty and it needs more time before coming again on the floor of parliament.

 

The gLAWcal Team

LIBEAC project

Monday, 15 June 2015

(Source: Open Democracy)

This news has been realized by gLAWcal—Global Law Initiatives for Sustainable Development in collaboration with the University Institute of European Studies (IUSE) in Turin, Italy and the University of Piemonte Orientale, Novara, Italy which are both beneficiaries of the European Union Research Executive Agency IRSES Project “Liberalism in Between Europe And China” (LIBEAC) coordinated by Aix-Marseille University (CEPERC). This work has been realized in the framework of Workpackages 4, coordinated by University Institute of European Studies (IUSE) in Turin, Italy.