Reuters - Video

Edition: US | UK | IN | CN | JP

video Finance Videos

Why protestors see red over EU-US trade talks

Wednesday, September 21, 2016 - 01:42

Protesters have been demanding the European Union abandons plans for a transatlantic free trade deal. David Pollard looks at their reasons and whether the global economy really needs the long-awaited TTIP agreement.

▲ Hide Transcript

View Transcript

It looks like a party - only they're not celebrating. The TTIP, TISA and other free trade deals like them a Trojan horse full of enemies, not friends. Workers and consumers left hung out to dry .... (SOUNDBITE) (French) BRUSSELS BANK EMPLOYEE, IGOR LACOSTE, SAYING: "The aim of the treaty is to remove all barriers ... But the problem is that those barriers also include food controls, food security, safety of the food chain. Removing them is not something we can tolerate as citizens, as human beings, fathers." Here, it was Greenpeace's turn. (SOUNDBITE) (English) GREENPEACE SWITZERLAND'S TRADE CAMPAIGNER, MATTHIAS WUTHRIECH, SAYING: "TISA would pave the way for global deregulation and liberalization of everything, from financial markets to public services. TISA would undermine effective climate action and environmental protection, health care and education, labour rights and data protection." Its fans say they'll spur jobs and growth at a time of global slowdown. Critics say the pacts would hand too much power to big multinationals. SOUNDBITE (English) IHS GLOBAL INSIGHT, DIRECTOR OF SOVEREIGN RISK, JAN RANDOLPH, SAYING: "That growing popular scepticism about globalisation could ultimately undermine the TTIP talks despite the key supporters being in Germany and the UK and the US. There's growing disquiet even among other key players here including France." France has demanded an end to the TTIP talks with the US - even Germany calling them a failure. Though Germany's junior coalition partners the Social Democrats gave their backing this week. A deal could still come into force next year if Europe agrees. Even as the doubts, and the protests, get louder.

Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code

Why protestors see red over EU-US trade talks

Wednesday, September 21, 2016 - 01:42