by Mish

Bloomberg reports German Protesters Gather to Oppose Transatlantic Trade Deals

Protesters gathered in seven German cities on Saturday to oppose transatlantic trade agreements between the European Union and the U.S. and Canada.

More than 320,000 people turned out, the organizers said in an e-mailed statement. In Munich, thousands met on the central Odeonsplatz square and adjoining Ludwigsstrasse in heavy rain as the annual Oktoberfest opened just a few miles away.

Protesters argue that the trade agreements would favor industrialized agricultural processes over craft-based food production that’s not genetically engineered. They say the deals would cost thousands of jobs and lead to lower standards in employment and food safety.

Protests Against TTIP and CETA Trade Deals

Image placeholder title

The BBC reports Protests in Germany Against Transatlantic TTIP and CETA Trade Deals

Tens of thousands of people have been protesting in cities across Germany against a proposed transatlantic trade deal between the EU and the US.

Protesters say the Transatlantic Trade and Investment Partnership (TTIP) will lower European standards on food and environmental protection, and could lead to outsourcing and job-losses.

RECOMMENDED ARTICLES

Supporters of the deal say it promises to lower tariffs and promote growth.

The demonstrators are also protesting against a similar deal with Canada.

There were large crowds carrying flags and banners in seven German cities, including Berlin, Munich, Hamburg and Frankfurt, all braving cool and wet weather.

“I want us to get rid of TTIP and for European social and environmental standards to be respected, maintained and improved,” said Peter Clausing in Berlin.

Free Trade

I am in favor of free trade, but these deals don’t come close.

Image placeholder title

Ironically, people oppose them fearing they promote free trade. I oppose them because they are corporate give-aways, not free trade.

Either way, these protests are yet another showing of widespread discontent.

Mike “Mish” Shedlock

Wallonia Sinks EU-Canada CETA Trade Agreement: What Happened?

Despite intense negotiations for the past two weeks, an emergency meeting of EU officials, huge pressure on Belgian officials, and last second agreement changes to the trade pact, the Wallonia region of Belgium held firm and vetoed CETA.

Trade Deficit in Pictures: China, Mexico, Canada, Germany, Japan, EU

Trump’s howling about the US trade deficit with Mexico, Canada, Germany, the EU, etc, has me thinking about how to portray the result in pictures.

EU leaders Recoil from Merkel’s Deal With the Devil

It took precisely one day for the rest of Europe to realize Merkel has gone mad with her “Deal with the Devil” that would have granted visa access to 79 million

Canada imposes duties on US corn

Reuters is reporting Canada imposes duties on unprocessed U.S. corn.

Protecting the Cheaters: EU Regulators in Bed With German Auto Industry Regarding Diesel

On June 14, Reuters reported Munich, Home to BMW, Considers Diesel Ban to Tackle Pollution.

EU Approves Deal With Turkey (Then All Hell Breaks Loose)

On May 4, Brussels gave its approval to visa-free travel for Turks. That approval still needs to be ratified by a weighted average of ministers as well as the European parliament.

Draghi Increases Risk of Global Trade Collapse With Brexit Tough Talk

The ECB has enough on its hands already: Collapsing Italian banks, a Deutsche Bank derivatives mess, massive Target2 imbalances, and the rise of eurosceptics like Beppe Grillo in Italy and Marine le Pen in France.

NAFTA is Dead: Trump Seeks Separate Agreements With Mexico and Canada

Trump proposes NAFTA by another name. But it won't look like NAFTA. He wants tailored bilateral trade agreements.

Lumber Trade Idiocy: Trump Hits Canada with Proposed 20% Tariff on Lumber

After bitching about the unfair trade policies of China, Mexico, Germany, and Japan for years, Trump finally decided to act. His first target is Canada.