07:13 GMT14 June 2021
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    The proposed Transatlantic Trade and Investment Partnership (TTIP) EU-US free trade deal could allow corporations to press their own laws, Lola Sanchez, member of the European Parliament from the Spanish left-wing Podemos party, said Wednesday.

    MOSCOW (Sputnik) — According to Lola Sanchez, the draft version of the treaty, published in April, contains provisions, which suggest that companies might be able to make legislative proposals.

    "It [the TTIP] will allow companies to push forward their own legislative initiatives," Sanchez, a prominent critic of the proposed agreement, told El Publico.

    Article 14 of the second section of the draft agreement, entitled "Establishment of the Regulatory Cooperation Body," says that the parties to the treaty will establish a Regulatory Cooperation Body, (RCB) whose functions will include "the consideration of new initiatives for regulatory co-operation, on the basis of input from either Party or its stakeholders."

    "It [RCB] has to consider legislative initiatives that may be coming from a third party, 'the stakeholders'… Not only will we have to ask the United States for permission to legislate, but also multinational [corporations] will be able to send their legislative initiatives? This is another move to strengthen corporate power," Sanchez said.

    Sanchez noted that the language of the document is extremely vague and open to interpretations, which she considers a danger in itself.

    Anti-TTIP activists have repeatedly complained that the deal would benefit big corporations at the same time undermining environmental and labor standards.

    In Europe more than 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.


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    legislation, Transatlantic Trade and Investment Partnership (TTIP), European Parliament, Podemos, Lola Sanchez, US
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