Feed Management - March 2015 - 5
| German economy minister urges support for EU-US trade deal ❯ Germany's economy minister Washington. U.S. and EU leaders are the end of President Barack Obama's urged his country's business lead- looking to draft a deal on TTIP before term in January 2017. ers to promote the benefits of the Transatlantic Trade and Investment Partnership (TTIP), a proposed free trade agreement between the EU and the United States. Proponents of TTIP say it will result in economic growth of up to $100 billion per year for both regions, but critics say it will increase corporate power and make it more difficult for governments to regulate markets to Petfood Forum Booth 729 benefit the public. If TTIP were to fail, "Germany and Europe could come under pressure through developments in other parts of the world," said Sigmar Gabriel, Germany's economy minister. One of the most controversial elements of TTIP, which faces strong opposition in Germany, is the investorto-state dispute settlement (ISDS) mechanism. ISDS would allow firms to take cross-border legal action against governments. Gabriel said the mechanism is a way to modernize the mediation process and would set the "gold standard" for future trade deals. "We need investor protection regime for a new generation," Gabriel said. In Germany, Europe's largest exporter, critics say ISDS will undermine With more than a century of experience, Darling Ingredients provides a global growth platform for the development and production of sustainable natural ingredients from edible and inedible bio-nutrients. Through diverse processing operations, we create a wide range of animal proteins, fats, minerals and specialties for customers in the pet food and animal feed industries. Darling Ingredients is the parent company of trusted brands Sonac and DAR PRO Solutions, A Darling/ Griffin Brand. European environmental and food laws and give too much power to American corporations. The European Commission has frozen negotiations on ISDS with March/April 2015 | WATTAgNet.com www.darlingii.com 5
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