European citizens can expect significant changes stemming from a new trade agreement between the European Union and the United States of America. Negotiations on the Transatlantic Trade and Investment Agreement (TTIP), which began in 2013, offer opportunities for economic growth, but also the risk of having European consumer interests negated by strong industry lobbying.
TTIP strives to harmonize a number of US and European interests, such as consumer protection, which may result in the lowering of European standards created in the past. Moreover, TTIP includes a special arbitration mechanism that enables companies to initiate proceedings against countries if national legislation endangers their investments. This dispute settlement system can make it difficult for governments to adopt national and international regulations. Thanks in part to the efforts of BEUC, the European umbrella organization for consumers, TTIP negotiations have become more transparent and civil society has been granted a voice in them.
Adessium Foundation is supporting BEUC so the organization can continue to defend the interests of European consumers in the TTIP negotiations.
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