MOSCOW (Sputnik), Daria Chernyshova – Public opposition to the controversial Transatlantic Trade and Investment Partnership (TTIP) is increasing pressure on negotiations for the EU-US free trade deal and may prevent the treaty from coming into force, a German lawmaker from Die Linke party told Sputnik.
He pointed out that the TTIP, being negotiated mostly in secret with very little information available to the public, poses a serious threat to the sovereign rights of countries and their citizens.
“All we know about this is a number of very problematic issues, especially the system of investor-state settlements,” Hunko told Sputnik. “The companies can stand trial against states and gain billions of dollars.”
According to the lawmaker, who is also a German delegate to the Council of Europe’s Parliamentary Assembly, the treaty gives multinational corporations increased arbitration power over states.
In Europe, over 1.7 million people signed a petition against the TTIP and the Comprehensive Economic and Trade Agreement (CETA), a similar treaty the European Union is discussing with Canada.