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Consumer protections and the use of domestic law in the U.S. may drastically change as President Obama forges ahead with two secretive international deals that impact major aspects of the economy, privacy and beyond.
Wednesday, Obama defended a proposed mega free-trade zone between the world’s two largest economies, the United States and the European Union.
“I have fought my entire political career, and as president, to strengthen consumer protections. I have no intention of signing legislation that would weaken those protections,” Obama said during a visit to the EU headquarters in Brussels.
Obama was responding to criticism of the Transatlantic Trade and Investment Partnership, or TTIP, which the U.S. has been negotiated with the EU since last July.
Besides creating the world’s biggest free-trade zone, the TTIP will also bring about closer cooperation between EU and U.S. regulatory bodies while more closely integrating the two economies.Continue reading on www.wnd.com