U.S.-EU Trade Deal is the Foundation For a New Global Economic Order
Monday, February 25th, 2013
By Dana Gabriel, Be Your Own Leader
February 25, 2013
The U.S. and EU have agreed to launch negotiations on what would be the world’s largest free trade deal. Such an agreement would be the basis for the creation of an economic NATO and would include trade in goods, services and investment, as well as cover intellectual property rights. There are concerns that the U.S. could use these talks to push the EU to loosen its restrictions on genetically modified crops and foods. In addition, the deal might serve as a backdoor means to implement ACTA which was rejected by the European Parliament last year. A U.S.-EU Transatlantic trade agreement is seen as a way of countering China’s growing power and is the foundation for a new global economic order.
In his recent State of the Union address, President Barack Obama officially announced that the U.S. would launch talks on a comprehensive Transatlantic Trade and Investment Partnership with the European Union (EU). A joint statement issued by European Commission President Jose Manuel Barroso, European Council President Herman Van Rompuy and U.S. President Obama explained that, “Through this negotiation, the United States and the European Union will have the opportunity not only to expand trade and investment across the Atlantic, but also to contribute to the development of global rules that can strengthen the multilateral trading system.” In a separate speech, European Commission President Barroso also emphasized that, “A future deal between the world’s two most important economic powers will be a game-changer. Together, we will form the largest free trade zone in the world. So this negotiation will set the standard – not only for our future bilateral trade and investment, including regulatory issues, but also for the development of global trade rules.”
The U.S. and Canada have made significant progress in advancing the Beyond the Border deal and continue to implement various perimeter security initiatives. Without much fanfare, they have signed an immigration agreement that would allow them to share biographic and at a later date, biometric information. As part of a North American security perimeter, both countries are further harmonizing border security and immigration measures. Canada is further taking on U.S. security priorities and this could include a bigger role in the war on terrorism.
The Arctic has become an important part of North American perimeter security. Recently, the U.S. and Canada signed two new agreements that will expand bilateral military training, security and defense operations in the region. Both countries are working together to prepare for any real or perceived threats and are moving towards merging their Arctic foreign policies.
As part of the Beyond the Border initiative, the U.S. and Canada are strengthening cybersecurity cooperation. In a move that received little attention, both countries recently announced a joint cybersecurity action plan. Cyber threats know no national borders which has made the issue an important security concern. A fully integrated North American security perimeter would be entrusted with preventing and responding to any such attacks.
With the final rounds of negotiations sessions planned for September and October, Canada and the EU are closing in on a free trade deal that would go far beyond the reach of NAFTA. Meanwhile, there is growing opposition to the agreement as the whole process has lacked openness, transparency and any public consultations. In Canada, there are concerns over the threat it poses to local democracy. This includes fears of deregulation and privatization, as well the expansion of corporate investor rights. There are also warnings that the deal could be used as a backdoor means to implement ACTA which was rejected by the European Parliament in July.
by Dana Gabriel,
Dana Gabriel,
Dana Gabriel, 
