Malta will be the only EU member state whose economy will decline as a result of the proposed ‘Transatlantic Trade and Investment Partnership’, Labour MEP Alfred Sant said.

He noted that a 2016 study conducted by the ‘World Trade Institute’ suggested that the impact of the TTIP would have an uneven distribution of economic gain in different sectors and in the different Member States.

TTIP is expected to boost member state income levels by an average of 0.5%. The only exception, states the report, is Malta with a decrease of 0.3% in its economy and a decline of 0.7% of its investment.

People need to be aware of what the stakes are and what reasonable position could enhance Malta’s interests in the framework of EU free trade and investment agreements,’ remarked Alfred Sant. 

He therefore tabled a question to the European Commission asking what plans it has to counter possible negative impacts suffered by Malta and any individual member state as a result of the treaty.

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