The aim of TTIP is to deregulate trade between European Union and the United States. Critics argue that the deal, which would encompass 60 percent of global production, will weaken environmental, health, safety and labor standards and regulations.
"If I publicly disclose what I have read, I will be subject to a minimum fine [of $3,500]," Stuart Agnew said in a statement, referring to an October 12 viewing of the trade pact’s chapter on agriculture.
Agnew, a UKIP lawmaker in the European Parliament, further speculated that were he to divulge any of the details of what he has read, he would "be at the mercy" of President of the European Parliament Martin Schultz.
"This is the EU's definition of transparency," Agnew added. "The Agricultural chapter is one small part of a very ambitious trade negotiation where the British have to sit on their hands whilst an unelected foreign commissioner takes our decision for us."
The 11th round of negotiations to iron out the final version of the TTIP text are scheduled to open in the southeastern US city of Miami, Florida, on Monday. They are followed by stakeholder forums and conferences later in the week.
Other concerns over TTIP include the removal of local control over trade legislation and copyright from sovereign nations.
UKIP spokeswoman for small business Margot Parker told Sputnik earlier that the party had many concerns about the potential for TTIP to lead to the privatization of the UK’s national healthcare system.
A draft, leaked in February, of the European Union’s "initial offer" in the TTIP negotiations authorized US health corporations to sue governments if lawmakers sought to renationalize currently for-profit services in Britain's National Health Service.
