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    TTIP, CETA to Require Ratification by Local Parliaments in EU States

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    The TTIP and the CETA will have to be ratified by all EU member states, a study suggested.

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    MOSCOW (Sputnik) — The Transatlantic Trade and Investment Partnership (TTIP), an EU-US trade agreement, and the Comprehensive Economic and Trade Agreement (CETA), an EU-Canada trade deal, will most likely require separate ratification by parliaments in each EU member state to become law, according to a new study commissioned by the Stop TTIP movement.

    Since both agreements are expected to impact both EU and national powers, they will be subject to ratification in all European Union member states except Malta, according to the study by the Institute for Comparative Public Law and International Law at the University of Cologne.

    In half of the European states, members of parliament will be able to urge a nationwide referendum on the issue, the report added.

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    The TTIP’s stated goal is to ease the flow of goods and services across the Atlantic. The controversial deal has been kept under unusual secrecy during the negotiating process, raising fears that the agreement benefits multinational corporations and corporate rights-holders at the expense of sovereign nations and consumers.

    To date, almost 2.4 million Europeans have signed an online petition to stop the deal.

    Earlier in July, the Stop TTIP movement said it had large-scale anti-TTIP protests across Europe planned for October.

    Related:

    TTIP Negotiators to Engage Interested Stakeholders on July 15
    UKIP Decries European Parliament Resolution Backing TTIP
    Controversial TTIP Deal to Progress After Europe Votes Yes
    Tags:
    study, ratification, Comprehensive Economic and Trade Agreement (CETA), Transatlantic Trade and Investment Partnership (TTIP), University of Cologne in Germany, European Union, United States, Canada
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