25th September 2016

BusinessEurope's video to promote TTIP | EU's Foreign Ministers support CETA, debate TTIP | Opinions

BusinessEurope released new pro TTIP video with arguments from journalists, businessmen and politicians. Click here to view the video. 

Also, discussion has shown completion of TTIP negotiations by the end of 2016 was not realistic, the Slovak Minister of the Economy Peter Ziga sumed up after the informal meeting of ministers of foreign affairs of EU Member States held in Bratislava, Slovakia, on 23 September 2016. Instead, CETA (Comprehensive Economic and Trade Agreement, a deal with Canada) gained strong support, as "a modern agreement, full of new opportunities". Before the meeting, Commissioner Malmström said it made sense to progress as much as possible with TTIP, and supported CETA agreement, too. CETA could be approved by EU Member States' foreign ministers on 18 October. Videos from all press conferences are available here. Read also a summarizing article by EurActiv.com.

Next round of TTIP negotiations will be held on 3-7 October. Updates on TTIP are available here.

The EurActiv.com portal published an article arguing that the EU-Canada Comprehensive Economic and Trade Agreement (CETA) is problematic for public health.  Its main problem is that it features the same provisions on investor protection and investment arbitration as the EU wants to incorporate into TTIP. There is a real risk that these could inhibit public interest decision-making in the area of health, Emma Woodford, the founding director of the Health and Trade Network, writes. "Even though CETA may not require policy changes, it will make it more difficult to change them."

Nevertheless, "...it is through multilateral cooperation and economic integration, through trade agreements, that we will be in a better position to manage globalization. In parallel to international cooperation, domestic policies in the areas of education, health, safety nets, better business environments, and improved infrastructure –are important to make globalization work for all", says Anabel Gonzalez, former trade minister of Costa Rica and currently the senior director for the World Bank Group’s Trade & Competitiveness Global Practice in a recently published interview on global trade, opposition to free trade agreements and inequality.

Members of the American Chamber of Commerce in the Czech Republic