EU Draft TTIP Text Seeks Broad Flexibility On The Use Of Capital Controls

The European Union in the Transatlantic Trade and Investment Partnership is seeking broad language that would allow it to impose restrictions on the movement of capital in times of economic crisis that go beyond the flexibilities the United States has previously allowed in its trade agreements, according to a leaked draft EU proposal. The draft EU proposal contains two articles that specifically allow for the use of capital controls, which are limitations a government can impose on the inflow or...