Multinationals Will Not Get Too Much Power From EU-U.S. Trade Talks, EU Says
The EU’s trade chief said on Tuesday that multinational companies will not be given too much power by a trade agreement between the European Union and the United States, seeking to reassure consumer and environmental groups opposed to the pact. EU Trade Commissioner Karel De Gucht told businesses, trade unions and diplomats at Thomson Reuters in London “Our choice is not between a world where each does as he pleases and a nightmare where we are ruled directly by multinational corporations.” De Gucht has the option of removing a dispute mechanism from the agreement, although he says Washington will not accept that.
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