TTIP - A Good Deal?
POLICY NOTE
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Since mid-2013, the US and EU have been negotiating a so-called free trade agreement, by now labeled “Transatlantic trade and investment partnership” or TTIP in short.
The authors suggest that TTIP is a bad deal for three reasons. First, the projected economic gains amount to not more than a rounding error. Second, none of these studies account for social, environmental or economic adjustment costs. Third, available documents suggest that TTIP is intended to be a “living agreement,” which could permanently bias the legislative process in favor of multinational corporations.