Corporate interests

Behind every free trade and investment agreement lies a set of corporate interests. Just as they have greatly influenced the shape, scope and contents of World Trade Organization (WTO) agreements, so too are transnational corporations (TNCs), sectoral industry coalitions and lobby groups mobilizing around specific bilateral trade and investment negotiations, to push even further than they were able to get at the WTO.

“Bilateral and regional FTAs …are formalized manifestations of where our respective private sectors have taken us…it is really business and government moving in tandem,” explained Susan Schwab, former US Trade Representative in 2006.

TNCs, whether acting individually or as part of industry coalitions such as the US Council on International Business (USCIB), the Emergency Committee for International Trade, the Coalition of Service Industries (US), BusinessEurope, the European Services Forum (EU) or Nippon Keidanren (Japan), are organized, aggressive and influential in their demands for specific FTAs. The comprehensiveness of most free trade and investment agreements means that there are many cross-cutting issues as well as separate chapters and provisions in these agreements which serve to shape policy regimes in the interests of TNCs.

last update: May 2012

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    Links

  • Eurochambres
    Eurochambres, a European business lobby group, webpage on FTAs
  • IFAC
    The Industry Functional Advisory Committees (IFACs) for Trade Policy Matters have a direct and important structural role in steering US trade policy. There are four IFACs guiding US trade deals on customs, standards, intellectual property rights and electronic commerce.
  • SOMO
    SOMO links the negotiations and rules on international trade and investment with the actual conduct of corporations within these rules and agreements.
  • USCIB on Regionalism vs Multilateralism
    US Council for International Business, April 2004