B undeswirtschaftsminister Sigmar Gabriel (SPD) draws red lines the controversial transatlantic free trade agreements TTIP: “What does not want the SPD will not come,” said Gabriel “Süddeutsche Zeitung” from the weekend and assured that the requests made by his party, together with the unions conditions were strictly adhered to.
“We will not accept any constraint on further liberalization or privatization . We will not lower social standards and no environmental and consumer protection standards, “protested the head of the SPD. “Parliaments are not undermined. And we will, because I am absolutely certain experience no privatization of the arbitration.”
The question of arbitration is particularly controversial. The proposed scheme for the protection of investors would would allow private companies to sue states before arbitration tribunals. Gabriel showed understanding for the widespread skepticism about TTIP: The European Union had “given by their secret negotiations in the past every reason to do so.” This has however changed with the new Trade Commissioner Cecilia Malmström for the better.
The Economy Minister also made them clear that the free trade agreements are important, in his view, so that Europe did not need to adjust diminished standards, which would be determined, for example, between the United States and Asian countries. “I am sure that the standards with the US and hopefully sometime agreed with Russia, its better to Europe, as the standards that the US will arrange to meet with China and Asia,” said the chairman of the SPD.
About negotiated a free trade agreement with the US in July-2013. Proponents hope for a huge boost to the economy on both sides of the Atlantic by tariffs and other trade barriers are removed. European critics fear an erosion of standards of consumer protection and food safety.
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