Tuesday, 9 June 2015

The Transatlantic Trade and Investment Partnership (TTIP) should move ahead

There was a great deal of confusion today in the European Parliament. The Members (MEPs) were supposed to take a vote on the Transatlantic Trade and Investment Partnership (TTIP), the trade agreement between the EU and the US. The move would clear the EU´s negotiating position and give the European negotiators additional discussion authority.

The vote ended up by being postponed because more than 200 amendments were tabled by the MEPs. The main challenges came from the Socialist group and are related to the choice of mechanisms to resolve potential trade disputes between US firms and EU institutions.

This is a complex matter and needs to be carefully carried out.

But we should be clear that the TTIP is important for the Europeans, both in terms of jobs – greater access to the US market will have an impact on our industries and agriculture-related activities – and access to a larger choice of goods. It will certainly have a multiplier effect on the modernisation of our productive and commercial systems as well.

We should also underline that the sooner the agreement is reached the better. Amendments and other tactical moves cannot aim at delaying the process. If they are intended to improve the final accord, that´s very much appreciated. If they are based on genuine concerns, that can also be discussed.

Opposition to TTIP is no problem. That is the normal currency of democracy. But obstruction through parliamentary procedures is just not acceptable. It´s lack of political clarity and courage.



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