Professor Clive George, the author of the book ‘The Truth About Trade’ talks about the Transatlantic Trade and Investment Partnership which is a series of trade negotiations that are being carried out the European Union and the United States. Many of these negotiations are being carried out in secret and they have sparked some controversy about their nature and outcomes.
As a trade agreement, TTIP is about reducing the regulatory barriers to trade for big business and covers areas like food safety law, environmental legislation, banking regulations and the sovereign powers of individual nations. In an age where companies are starting to sue countries for loss of profit, these negotiations should be thought about deeply. For example Bayer has sued the European Commission to attempt to overturn a ban on the pesticides they produce that are killing millions of bees.