The transatlantic trade and investment partnership as a source of threat to the economy as well as society Cover Image

TTIP - transatlantyckie partnerstwo w sprawie handlu i inwestycji - źródłem zagrożeń dla gospodarki i społeczeństwa
The transatlantic trade and investment partnership as a source of threat to the economy as well as society

Author(s): Leokadia Oręziak
Subject(s): Politics, Supranational / Global Economy, Public Administration, Public Law
Published by: Szkoła Główna Handlowa w Warszawie
Keywords: TTIP; trade liberalization; threats to democracy; benefits from transatlantic trade for corporations; civil disobedience/opposition

Summary/Abstract: TTIP - the Transatlantic Trade and Investment Partnership is an agreement that carries a number of risks for the economy, the natural environment, consumer rights, labour rights and access to public services in the European Union. The mechanisms included in the agreement, concerning the settlement of disputes between states and foreign investors, pose a number of threats to democracy as well. The benefits that are supposed to result from the implementation of the agreement will primarily be reaped by large corporations involved in the transatlantic trade. Mostly the citizens and societies of the EU member states will be under threat from the agreement. The principle of mutual recognition of regulations, which is expected to be practically universally used in accordance with the agreement, will mean in practice lowering safeguards protecting the rights of citizens, workers and consumers in the European Union. The liberalization of trade within the TTIP will be a factor forcing increased competition also in relation to the Polish small and medium-sized enterprises, and as a result, putting also pressure to reduce wages and other costs, including those related to the need of complying with the norms or standards. Thus, there are far more threats than benefits of the agreement.

  • Issue Year: 8/2015
  • Issue No: 4
  • Page Range: 81-106
  • Page Count: 26
  • Language: English, Polish