Since the entry into force of the Lisbon Treaty, the investment policy is an exclusive competence of the European Union. The EU is aiming to include therefore in the new trade and investment agreements provisions on investor protection and investor to state dispute settlement (ISDS) which will replace existing Bilateral Investment Agreements (BIT) signed by Member States and will grant the same level of protection to all EU investors.
You are here
The EU, US and Canada share the values of democracy, human rights, economic and political freedom and have overlapping foreign policy and security concerns. The US and Canada are amongst the EU's main trade partners and also partners in shaping the international legal order. Transatlantic relations nowadays take place in a new environment and are facing growing challenges. We consider that civil society involvement in this relationship provides a guarantee that transatlantic relations are able respond to the public's expectations and effectively contribute to shaping mutually beneficial cooperation.
The EU-Canada Comprehensive Economic and Trade Agreement (CETA) and the Strategic Partnership Agreement were signed on 30 October 2016. We will be looking for constant civil society involvement in the implementation of these agreements. Negotiations on an EU-US Transatlantic Trade and Investment Partnership (TTIP) are presently at a standstill. However, the TTIP negotiations contributed to strengthening the links between the EU and US civil society and to defining civil society views on how the future trade relationship between the EU and US should look. These achievements should not be lost. Our Transatlantic Follow-up Committee was set up in September 2014 with a mandate to monitor transatlantic links with civil society, setting up regular dialogue and consultation on issues related to relations with the US and Canada.
The EESC has played an important role in strengthening an informed civil society debate on the Transatlantic Trade and Investment Partnership (TTIP) through a number of TTIP-related opinions, adopted in 2014 and 2015, covering issues such as labour rights, investment protection, impact on SMEs, among others.
It is important under the present circumstances that the EESC, in order to maintain its position as a key civil society player in the TTIP debate, react to the textual proposals for TTIP negotiations on essential topics such as the sustainable development chapter, regulatory cooperation, investment and services. This will have the advantage not only of setting up the EESC position on major negotiating chapters but also of presenting concrete recommendations and pointing out the need to involve civil society in the implementation of those chapters.
The main goal of the opinion is to provide a good and qualitative source of information and opinion in the beginning of TTIP negotiations process.
On 12 June 2014, the Commission presented a proposal for a Regulation of the European Parliament and of the Council codifying Council Regulation (EC) No 673/2005 of 25 April 2005 establishing additional customs duties on imports of certain products originating in the United States of America.
The own-initiative opinion will focus on the impact of the TTIP on SMEs and reflect on the provisions that would need to be included in the TTIP in order to take account of the specific character of SMEs in the negotiations and implementation of an eventual EU-US agreement. The opinion will also look at how to increase the awareness of SMEs as to existing support services and programmes, and particularly about the new business opportunities that may arise with this agreement.
With discussions for TTIP now at a critical point, the EESC has published a new opinion, ‘The position of the EESC on specific key issues of the TTIP negotiations’. The own-initiative opinion assesses some key issues of the negotiations and identifies the main considerations for European civil society. This new ...
The role of trade as a generator of growth and jobs is undeniable, but public perception of the further liberalisation of trade is getting worse and citizens' concerns must be addressed far more effectively than before. This was one of the conclusions of the conference on "Strengthening European Growth and Competitiveness: Proactive Trade Agenda – NOW!" that took place in Helsinki on 26 October.
The role of trade as a generator of growth and jobs is undeniable, but public perception of the further liberalisation of trade is getting worse and citizens' concerns must be addressed far more effectively than before. This was one of the conclusions of the conference on "Strengthening European Growth and Competitiveness: Proactive Trade Agenda – NOW!" that took place in Helsinki on 26 October. Jacek Krawczyk, President of the EESC Employers' Group, added:
It is our responsibility to advocate for trade; we cannot take it for granted that people understand what the benefits ...
Transatlantic relations remain strong and important even though they have recently had a very bad press. Business, both in the EU and the US, has a role to play in overcoming current difficulties. Together, we can effectively promote a positive transatlantic agenda and help to fight stereotypes and misinformation. These are just some of the conclusions of the debate with Susan Danger, CEO of the American Chamber of Commerce to the EU. The debate took place during the Employers' Group meeting on 11 July 2018.
In the framework of the TTIP negotiations, the European Commission presented a draft text for the chapter on regulatory cooperation in May 2015. The objective of this chapter is to remove unnecessary obstacles to trade by improving cooperation between regulators, reducing unnecessary regulatory segmentation and improve effectiveness of regulations. The regulatory cooperation should not limit the ability of EU and Member states to regulate in public interest. The modalities of implementation of the future regulatory cooperation chapter in TTIP and the sectors covered are of great interest to civil society. The Round table enabled civil society representative to comment the proposals of the European Commission and to express their recommendations.