Today, there was a US – UK negotiation analysis posted on London School of Economics (LSE)’s blog from Dalibor Rohac who said: “While the Trump administration is looking for an easy deal and a symbolic gesture, it stands little chance of getting through the current House of Representatives, or being upheld by a Biden White House.”
Rohac also suggests, that if Democrat Presidential candidate “Sleepy” Joe Biden was to win the coming US election, he’s more likely to sideline the UK and reopen the disastrous TTIP with the EU.
Rohac said: “Meaningful trade agreements require difficult compromises on both sides, upsetting interest groups.”
“That is not what the incumbent administration is after.”
“With the announcement that the agreement ought to be completed in a year, everything suggests that President Trump is looking for an easy, purely symbolic gesture which furthermore stands no chance of getting through the current House of Representatives.”
“A prospective Biden administration, meanwhile, would be ill-advised to tie its hands with a UK trade deal before a return to some version of updated TTIP negotiations with the European Union.”
In 2015 there was an article in the Independent that read “What is TTIP? And six reasons why the answer should scare you”.
The article has 6 examples on why TTIP is a disaster for this country, here just two of them.
“Public services, especially the NHS, are in the firing line. One of the main aims of TTIP is to open up Europe’s public health, education and water services to US companies. This could essentially mean the privatisation of the NHS.”
“The European Commission has claimed that public services will be kept out of TTIP. However, according to the Huffington Post, the UK Trade Minister Lord Livingston has admitted that talks about the NHS were still on the table.”
“TTIP’s biggest threat to society is its inherent assault on democracy. One of the main aims of TTIP is the introduction of Investor-State Dispute Settlements (ISDS), which allow companies to sue governments if those governments’ policies cause a loss of profits. In effect it means unelected transnational corporations can dictate the policies of democratically elected governments.”
“ISDSs are already in place in other bi-lateral trade agreements around the world and have led to such injustices as in Germany where Swedish energy company Vattenfall is suing the German government for billions of dollars over its decision to phase out nuclear power plants in the wake of the Fukushima disaster in Japan. Here we see a public health policy put into place by a democratically elected government being threatened by an energy giant because of a potential loss of profit. Nothing could be more cynically anti-democratic.”
“There are around 500 similar cases of businesses versus nations going on around the world at the moment and they are all taking place before ‘arbitration tribunals’ made up of corporate lawyers appointed on an ad hoc basis, which according to War on Want’s John Hilary, are “little more than kangaroo courts” with “a vested interest in ruling in favour of business.”