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EU-US Free Trade Deal Leaves Europe Without Safeguards – Spanish Lawmaker

© Sputnik / Vladimir Fedorenko / Go to the mediabankBuilding of the Parliamentary Assembly Council of Europe (PACE) in Strasbourg, France
Building of the Parliamentary Assembly Council of Europe (PACE) in Strasbourg, France - Sputnik International
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The Spanish senator at the Parliamentary Assembly of the Council of Europe (PACE), Angel Pintado, said that free trade treaty between Europe and the United States needs to provide safeguards and guarantees to European Union.

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STRASBOURG (Sputnik) — A controversial EU-US free trade agreement provides no guarantees that European political and economic achievements will be preserved, the Spanish senator at the Parliamentary Assembly of the Council of Europe (PACE), Angel Pintado, said Monday.

The European Union and the United States are currently negotiating the Transatlantic Trade and Investment Partnership (TTIP), with a stated aim to ease trade barriers between the two regions.

“Europe has seen such growth, social development over the last several decades and people are afraid that we might lose some of what has been achieved. This free trade treaty between Europe and the United States needs to provide safeguards and guarantees… We don't have those safeguards or guarantees at this stage,” Pintado said at the PACE spring session.

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According to European Commission press releases, the TTIP will facilitate the creation of jobs and help reduce prices on goods. Promoters of the agreement state that it can be used to project EU values worldwide.

Supporters of the deal say that economic growth is guaranteed by the partnership. Opponents, including many high-ranking political and financial authorities, say the deal gives too much control to corporations.

On April 18, waves of protests against the TTIP hit Europe, with tens of thousands of people taking to streets to express dissatisfaction with the speed and secrecy of treaty negotiations and the possible negative impacts.

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