EN
The Transatlantic Partnership on Trade and Investment (TTIP) will in all likelihood generate gains first and foremost for large multinational corporations engaged in investment and trade between the United States and the European Union. The agreement brings numerous threats to the countries of the European Union and might significantly weaken the competence of EU and national authorities in formulating policies in such areas as consumer protection or the environment. It will boost competition on both the EU and U.S. markets, undermining workers’ rights and resulting in a further delocalisation of production to countries with lower labor costs. If the ISDS mechanism is included in the TTIP, it will strengthen the position of corporations in disputes with governments.