Stiglitz: Net Job Destruction from Trade Deals

In a March 2015 speech, former Nobel Prize winning economist Joseph Stiglitz says that trade agreements, on net, have destroyed jobs. He says that economists increasingly agree that exports create jobs and imports destroy jobs.  The question is what NET result, which of course has been negative. Export opportunities are fine if you can access…

Dems Send TTIP Demands to Obama

Thirty one Democratic Congressmen sent a letter to President Obama listing demands for the Transatlantic Trade and Investment Partnership (TTIP). The letter demands that TTIP exclude an investor-state dispute mechanism; that the deal preserve Buy American and other buy local provisions; that the U.S. and EU’s consumer, labor and environmental protections are not lowered through…

The Hill: Business groups back Obama on trade

Business groups are defending the dispute settlement boards that would be included in trade agreements being negotiated by the Obama administration. [Reposted from The Hill  |  Kevin Cirilli  |  April 20, 2015] In a letter to lawmakers on Monday, the U.S. Chamber of Commerce, National Association of Manufacturers and more than 60 other groups voiced…

Politico: TTIP talks, ISDS walks

Transatlantic trade talks continue but controversial investor-state dispute settlement has been pushed aside until the summer [Reposted from Politico  |  Hans Von Der Burchard  |  April 20, 2015] But the European Commission’s plan to deal with one of the thorniest issues on the table — how to agree on a reform of an international tangle of…