Evgeny Morozov: With all eyes on Greece, the European parliament has quietly passed a non-binding resolution on the Transatlantic Trade and Investment Partnership (TTIP), the controversial trade liberalisation agreement between the United States and Europe. Ironically, it did so a few hours after lecturing Alexis Tsipras, the Greek leader, about the virtues of European solidarity and justice.
If enacted, TTIP, along with two other treaties currently under negotiation– the Trade in Services Agreement (TISA) and the Trans-Pacific Partnership agreement (TPP) – will considerably limit the ability of governments to rein in the activities of corporations; all three treaties have predictably triggered much resistance.
The European parliament’s resolution seeks to eliminate the main point of contention between the US and Europe. While many Europeans object to the very idea of creating an international tribunal, where corporations can sue governments for passing business-unfriendly laws, the European parliament has proposed to turn this tribunal into a public European institution. Some such institutions do have teeth – consider the recent “right to be forgotten” judgment from the European court of justice – but this can’t be taken for granted. [Continue reading…]