Add comment on:TTIP: A Tranatlantic Constitution of Corporations?
Pia Eberhardt and Peter Fuchs
The TTIP, Transatlantic Trade and Investment Partnership agreement, threatens the economics, health and food policies of countries beyond the EU and the US. The Investor-State Settlement mechanism gives corporations the same status as nation states. Sovereignty is sacrificed for profits of foreign investors. Philip Morris is suing Australia and Uruguay for lost profits because of health warnings on cigarette packages. A flood of lawsuits can be expected.