TTIP myths shattered by new GUE/NGL-backed report
A GUE/NGL commissioned study published today by the Austrian Foundation for Development Research (OFSE) has called into question the alleged benefits of a Transatlantic Trade and Investment Partnership (TTIP). Rather, the authors have uncovered considerable downside risks associated with removing remaining trade tariffs and very few actual economic gains from TTIP in terms of GDP, jobs, and real wages.
GUE/NGL MEP Helmut Scholz, who is the Group’s coordinator on Parliament’s International Trade committee, launched the study this morning with three of the authors, Werner Raza, Bernhard Tröster and Rudi von Armin. The launch coincides with a special hearing on ‘Left responses to TTIP’ being held today in the European Parliament in Brussels.
Scholz said: “The OFSE study points out several methodological flaws and shortcomings in influential European Commission-endorsed TTIP impact assessments by Ecorys, CEPR, CEPII, and…
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