Mick Wallace (Wexford, Independent) | Oireachtas source

According to the bodies concerned, the main objective of the TTIP is to remove as many trade barriers as possible to ensure the freedom of movement of trade and investment, the argument being that there are too many regulatory systems on both sides of the Atlantic. The European Commission claims the agreement will lead to savings of moneys and jobs. One concerning aspect of the agreement is the power it will give to transnational corporations to sue national governments for what they see as potential infringements of their intellectual property, effectively overriding the laws of nations in the interests of capital.

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