December 2nd, 2013
TAFTA: The European Union’s Secret Raid on U.S. Public Water Utilities
The United States and the European Union are secretly negotiating a trade deal that could make it easier for the world’s biggest water companies to privatize our public water systems. The Transatlantic Free Trade Agreement (TAFTA) — officially called the Transatlantic Trade and Investment Partnership — could allow EU corporations to take over local government services like water and sewer systems in the United States. Privatized water systems — including notable takeovers by European water companies — generally deliver worse service at higher prices.