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5/9/15

TTIP EU-US: Consumer protection at heart of US-EU trade plan says Pascal Lamy

The former head of the World Trade Organization, Pascal Lamy, said Thursday that improved consumer protection was at the heart of the controversial US-European Union free-trade pact under negotiation.

Lamy insisted that 80 percent of the negotiations on the Transatlantic Trade and Investment Partnership deal with harmonization of consumer protection standards, while only 20 percent focus on such typical trade issues as tariffs and market access.

He said that political leaders` failure to explain that to the public had created a vacuum that allowed anti-TTIP movements to grow, he told the Worldwide Symposium of the Foreign Trade Advisors of France in Miami.

Political leaders "up to now have not been handling it well," Lamy said. "Everyone in Europe thinks they`re going to be forced to eat chlorine-rinsed chicken, or in the United States, cheese rotting with bacteria."

read more: Consumer protection at heart of US-EU trade plan: Lamy | Zee News

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