van rompuy

van rompuy

US-EU - TTIP, Part 1 "An Offer They Won't Refuse"

1d ago
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An Introduction to the controversial Transatlantic Trade and Investment Partnership, currently being negotiated between the United States and the European Union Presented by Brian Maguire Edited by Erik Parys Guests Commentators: Marietje Schaake, MEP, Liberals Paul Murphy, MEP, United Left Hannes Swoboda, MEP, Socialists Godelieve Quisthoudt-Rowohl, MEP, Conservatives Peter Chase, V.P. Europe, US Chamber of Commerce Natacha Cingotti, Friends of the Earth, Europe Pia Eberhardt, Corporate Europe Observatory Rene Van Sloten, BusinessEurope Featuring: Karel deGucht, European Commissioner, Trade Barack Obama, President of the United States Jose Manuel Barroso, President of the European Commission Herman Van Rompuy, President of the European Council Catherine Ashton, High Representative, European External Action Service Introduction: We gave America pizza. They gave us Dominos. We gave them Beaujolais, they gave us Pepsi Max. We gave them Gerard Depardieu, and they gave us Angelina Jolie. Free trade isn't always balanced. But free trade has its benefits, even if we don't like everything we receive. And, if you don't like the new Transatlantic Trade and Investment Partnership, currently being negotiated between Washington and Brussels, you can blame it on Columbus. There's nothing new in trade deals, but many observers on both sides of the Atlantic are deeply concerned that corporate giants are squeezing consumers with a liberalisation of trade which weakens consumer protection, undermines environmental standards, and strikes the pocket book of the European and American Everyman. At the heart of the deal is a desire to boost trade and harness a geopolitical forces which can resist the rise of China. European Trade Commissioner Karel deGucht has lead Europe's trade portfolio with a clear position that open markets make for a better society. DeGucht is admired by arch-free marketeers, but he's seen by the Socialists, and especially the far Left, as the Godfather of dark monetary forces. For many on the Left, the Guchtfather is keeping all the cash for a chosen few; they see him protecting the capitalist family. For Commissioner deGucht, and like Don Corrleone before him, he's simply making them an offer they won't refuse. And like Don Corrleone, he takes doesn't like to share information. Trade is probably better served by the practice of negotiating behind closed doors. But democracy does not prosper in the dark. So, there is a wider issue, bigger than this trade deal, it's about our capacity to trust our governments. Public sentiment in America and in Europe can be easily swayed by noisy, angry social movements. Playing Chinese whispers unsettles the markets, and undermines the legitimacy of those who act in our name. The deal is still on the table. Copyright: EuranetPlus 2014