21 March 2014

Almost 75,000 people have signed this petition to European leaders on TTIP

Don't hand corporations the power to overturn democratically decided laws asks US organisation 'Sum of Us'

Simon McKeagney, Editor

The US-based organisation Sum of Us has launched an online petition calling on European leaders to reject the EU-US trade deal which they say is a "huge corporate power grab affecting literally millions of European and American citizens."

The move comes as the European Commission prepares to open a public consultation on the controversial investment chapter of the deal, having bowed to public pressure on the issue of investor protection in TTIP. Provisions for the agreement includes the much publicised “Investor State Dispute Settlement” (ISDS). This mechanism would allow multinational corporations to sue governments for passing social or environmental legislation that might affect their future profits.

‘European leaders are already nervous about how the public might react, and are not sure what to do’ says Sum of Us- who are asking citizens to ensure they get informed and feed into the consultation, due to be announced next week.

Without strong public engagement there is a danger that large corporations will be the ‘loudest voices’ and distort the consultation outcome.

At the time of writing, 73,259 had signed the petition- fast approaching their goal of 75,000 signatures. You can sign the petition here or learn more about TTIP in our Q&A section.

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