“Voodoo economics”: how TTIP could go up in smoke


A company sign is seen outside the international headquarters of the US tobacco company Philip Morris, in Lausanne, Switzerland, 30 September 2013. Philip Morris announced the same day that it would cut its Switzerland workforce by 170 jobs.

Philip Morris’ lawsuit agains Uruguay could be a dangerous precedent for Europe.

Technical negotiations between experts will restart next week in Brussels around the Transatlantic Trade and Investment Partnership (TTIP) negotiated by the the EU and the USA.

However, one TTIP clause, the one concerning arbitration, will cast a long shadow over the negotiations, especially in light of the recent announcement by the tobacco giant Philip Morris that it will carry on with its lawsuit against the state of Uruguay.

Ten years ago, the WHO launched its anti-tobacco convention. ...

This story is part of New Europe's Premium content.

To Read the Full Story, Subscribe or Sign In from the ↑ Top of the Page ↑
new europe join now