Latest TTIP leak reveals further threat to democracy – Carthy
Commenting today on the leaked draft of the European Commission’s chapter on Regulatory Cooperation in the proposed TransAtlantic Trade and Investment Partnership (TTIP), Sinn Féin MEP for the Midlands North West Matt Carthy has said that there is growing concern that the TTIP will interfere with the rights of national Governments to legislate to protect citizens.
“The latest leak in a long line of leaks demonstrates the ongoing lack of transparency around the TTIP negotiations despite a clear recommendation from the European Ombudsman to publish all key texts in relation to the negotiations.
“The leaked document reveals today that the EU will be obliged to inform the US if it plans to introduce any regulation, which could have an impact on international trade or investment.
“It also establishes a Regulatory Cooperation Body, comprised of representatives of the European Commission and US Federal Agencies and senior regulators to monitor the implementation of regulatory cooperation measures.
“This body, comprised of unelected officials, will have the power to propose new initiatives for regulatory cooperation between the EU and the US, including proposals for increased regulatory compatibility.
“Effectively, this means that draft EU legislation will now be open to scrutiny and, presumably, growing interference from potential lobbyists, US agencies and other bodies that have not been elected by the people of Europe.
“There is also an obligation on the European Commission to engage in a regulatory exchange with the US on planned or existing regulatory act should a formal request be made.
“In my view, the processes outlined in this chapter completely undermine democratic values and add to already significant democratic deficit at EU level.
“It is unacceptable that multi national corporations, investors and lobbyists would have access to proposed legislation before the people of Europe.
“It is even more unacceptable that legislators would be expected to justify proposed legislation to outside bodies. The EU institutions should be accountable to the people of Europe only and the European Commission must make a statement to this effect.
“The Irish Government must also make a clear commitment that they will not sign up to any deal, which places the rights of investors, corporations and multinationals ahead of the best interests of the people of Ireland.”