ABSTRACT

This chapter first provides anecdotal evidence of the proximity of European Union (EU) decision making to corporate interests, focusing on decisions on genetically modified organisms (GMOs) and negotiations on Transatlantic Trade and Investment Partnership (TTIP). The proposed TTIP between the EU and the USA is described as the biggest free-trade deal in history. Critics object that the TTIP makes it more difficult for governments to effectively govern public goods with respect to the increase and protection of corporate interests. The chapter briefly discusses the some traditional lines of explaining Euroscepticism and argument on the relationship between public attitudes towards big business and the EU, drawing on the relevant scientific literature. Next, the chapter empirically analyses the relationship between public trust in trans-national corporations (TNCs) and the EU, as well as developments in this relationship over time. Finally, the chapter discusses policy implications as well as further research needs.