From the text of the statement:
ACTA is the predictably deficient product of a deeply flawed process. What started as a relatively simple proposal to coordinate customs enforcement has transformed into a sweeping and complex new international intellectual property and internet regulation with grave consequences for the global economy and governments’ ability to promote and protect the public interest.
A useful statement that sheds light on an agreement that, while it will significantly impact the lives of billions, was cobbled together entirely in secret. What makes it even worse is that it seems like, while the general populace did not have much representation in these meetings, several industries did. I wonder how that happened…