TTIP
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The Transatlantic Trade and Investment Partnership or TTIP is a proposed free trade agreement between the United States and the European Union. As with many other free trade agreements, it has gained support from neoliberals and free trade capitalists, but has garnered opposition from the anti-globalization movement, and is quite divisive amongst the fair trade movement. In most free trade agreements, one party gets the short end of the stick, in this case the EU. They will face the strengthening of corporate intellectual property rights, and it may possibly cause issues for public healthcare. The anti-GMO movement is also quite strong in Europe, and the TTIP may introduce GM produce to the EU. As with everything, the TTIP's effects on the UK are confusing since, from what it looks like, Brexit is on pause forever.
Progress on TTIP effectively came to a halt in 2016 in part because of increased skepticism from the French and Germans.[1] As of June 2017, there had been no further progress.[1]
See also
External links
- See the Wikipedia article on Free Trade.
- See the Wikipedia article on Transatlantic Trade and Investment Partnership.
- ↑ 1.0 1.1 Hopes of EU-US trade agreement put on ice, say Brussels sources, Daniel Boffey, Guardian, 5 Jun 2017