across the pond

While the media focus on European economic policies and tax accords from the perspective of the States seems more preoccupied with the potential spillage and knock-on effects of the proposed Tobin Tax, a levy on financial transactions and market trades, the burgeoning talk of a trans-Atlantic Free-Trade-Agreement, urged by both the US administration and European commission president seems an idea comfortably, tantalizingly far away.

Though it is probably true, for both optimists and pessimists, that reaching any kind of meaningful and functional compromise, aligning US and EU standards on safety, quality and transparency, can only be achieved in a receding distant future, displaced by politics and protectionism (by those current players who would be excluded, too), the notion and the will for such an arrangement is not a Fata Morgana that one can never meet. Naïvely, perhaps, but not without hope as there have been plenty of examples of Bridges to Nowhere over trade and tariffs, like the bickering over the aerospace giants or the fact that one cannot purchase a Silver Lady in the States but embassies of genetically modified organisms, untested drugs and wage inequity are equally unwelcomed, the mutual benefits have been articulated, of substantial increases for the gross domestic products of European nations through fewer administrative and process barriers and greater job security for American export industries.
Those sound positive on balance, but I fear that consumer protections will suffer through compromise. Instead of meeting half-way or adopting the more stringent standards of one partner, existing safeguards, like employment rights, food labeling requirements, safety standards and protection for the environment and livestock will be relaxed, diluted in order to meet industry imposed milestones. I hope that this is not the case, because risking health and security is no lubricant for trade, and to prevent these attitudes from prevailing, one cannot take the stance that procrastination and off-putting is acceptable, any more than in the here and now surrendering one’s sovereignty and self-determination to creditors is.