TTIP and Genetically Engineered Foods
Both the United States and EU claim that a new trade agreement with the EU would enhance job creation and competitiveness by eliminating trade barriers and harmonising regulations — but the real winners would be big biotech and food companies, at the expense of consumers and the environment.
In 2013, the United States and the European Union (EU) began negotiations to create the Transatlantic Trade and Investment Partnership (TTIP), also known as the Transatlantic Free Trade Agreement (TAFTA). The trade relationship across the Atlantic is already the number one economic relationship in the world, making up a third of all trade in goods and services and about half of global economic output. Both the United States and EU claim that a new trade agreement with the EU would enhance job creation and competitiveness by eliminating trade barriers and harmonising regulations — but the real winners would be big biotech and food companies, at the expense of consumers and the environment.