Protesters say TTIP is a threat to democracy

PROTESTERS gathered outside European Union House in Dublin on Monday to demonstrate against a new free-trade deal between the United States and European Union which could have serious consequences for the Irish economy.

The Trans-Atlantic Trade and Investment Partnership (TTIP) will allow free trade between the US and EU, but there are fears it could seriously damage democracy due to the inclusion of a mechanism which will allow corporations to sue governments if they do anything which affects their profits.

The Investor State Dispute Settlement (ISDS) mechanism can see governments hauled before an extra-judicial court if any moves – such as raising the minimum wage – are seen to damage corporate profitability.

Studies have also shown that such a deal could cost tens of thousands of jobs as European producers go into direct competition with US companies who have lower workers' rights and quality standards and cheaper labour.

Those taking part in the protest included Sinn Féin, The People's Movement, the Attac Network and independent activists. 

Speaking to An Phoblacht at the protest, Sinn Féin

Councillor Shane O'Brien (pictured) said:

"TTIP is a bad deal for Ireland. The inclusion of the ISDS mechanism means that big multinational corporations will have the ability to bully governments. We're calling on MEPs to reject the TTIP report when it comes before the European Parliament's plenary session this week.

"If this is passed, then it could have a disastrous repercussions for Ireland's agriculture industry, food safety standards, workers rights, environmental standards and much more."