With just a few days left before Parliament dissolves ahead of the general election, a flurry of select committees are publishing reports on inquiries which have been held in recent months. Among them is the Business Innovation and Skills Select Committee’s report on the Transatlantic Trade and investment Partnership (TTIP), published yesterday.
I gave evidence to the TTIP inquiry on behalf of Global Justice Now.
TTIP is an ambitious neoliberal trade agreement being negotiated between the EU and USA. Its purpose is to create new trading opportunities for EU and US business by reducing tariffs, removing unnecessary regulation, liberalising some sectors and giving new protection for investors. The controversy around TTIP is about what regulation is deemed unnecessary, which sectors will be liberalised and that business will benefit at the expense of governments.
The gravity of these concerns has ignited a furious public campaign on TTIP from trade unions, environmental organisations, international development groups and NHS campaigners, united in their call for the negotiations to stop.