Free Trade Agreements Chemical

“I can`t imagine the European Parliament relaxing EU environmental legislation because of the threat that an American company could present a case.” The language contained in two separate free trade agreements between North America and Europe, currently in the pipeline, would allow foreign investors to challenge government measures that could hurt their profitability, and corporate gatekeepers warn that this could undermine environmental and chemical safety rules. With €6.3 billion in annual chemical exports, Mercosur is an important trading partner for the EU chemical industry. The trade agreement will allow for steady growth in trade between the two regions and win-win situations. We call on the European Parliament and EU Member States to approve the agreement so that EU industry can reap the benefits of liberalised trade. . . .