As I remember clearly, somewhere around early October I've met Martin Kliehm from Mozilla Foundation. We spend the whole evening by discussion about the upcoming DRM in HTML5 debate in the Parliament and current trends in many IT related areas in general. In one moment he mentioned “ACTA 2” - a new document under some strange name. I have to say I can't remember clearly what was the abbreviation he mentioned. It was maybe something with T... and it mentioned the IP protocol (perhaps?) somewhere.
But as the time progressed, it was not that hard to find out what is the issue. The abbreviation stands for TTIP – Transatlantic Trade and Investment Partnership, cornerstone of the Transatlantic Free Trade Agreement, abbreviated as TAFTA.
The idea is simple: European single market (EU) and North American free trade Area (NAFTA) should be merged. This will create the one of the largest single market in the world – and it will make doing the investments in both regions more easy. There might be also better competition and both Europeans and Americans will benefit from this. The profit calculated from the whole TAFTA project is supposed to be billions of EUR every year. So what is the big deal?