Saturday, June 15, 2013

A transatlantic corporate bill of rights

Click here to access article posted on Corporate Europe Observatory.
Leaked draft versions of the EU negotiating mandate for a far-reaching free trade agreement with the US – to be approved at next week’s trade minister meeting (14 June) – reveal the European Commission’s plans to enshrine more powers for corporations in the deal. The proposal follows a persistent campaign by industry lobby groups and law firms to empower large companies to challenge regulations both at home and abroad if they affect their profits. As a result, EU member states could soon find domestic laws to protect the public interest challenged in secretive, offshore tribunals where national laws have no weight and politicians no powers to intervene.