TTIP pillar already being used to torpedo public interest laws and democracy | Corporate Europe Observatory

TTIP’s regulatory cooperation chapter seeks to align existing and future EU and US standards, restricting the ability of elected representatives to introduce measures and standards in the public interest.

From curbing environmental protection rules, to helping financial conglomerates escape scrutiny; from sidestepping data privacy legislation, to delaying rules on animal testing, the case studies in the report show that lobbyists have made much use of regulatory cooperation to subvert public interest law-making and advance a transatlantic corporate agenda.

The examples highlighted to demonstrate how regulatory cooperation has already facilitated big business priorities over the public interest are:

The scaling back of EU ambition on dealing with dangerous waste from electronics;
Insurance giant AIG escaping supervision in the lead up to the financial crash;
US companies escaping accountability under the Safe Harbour agreement and sidestepping data protection rules;
Delayed legislation on animal testing, ozone depleting substances and aviation emissions.

via TTIP pillar already being used to torpedo public interest laws and democracy | Corporate Europe Observatory.

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