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Transatlantic Trade and Investment Partnership

The Transatlantic Trade and Investment Partnership (TTIP) was a proposed trade agreement between the European Union (EU) and the United States, with the aim of promoting trade and multilateral economic growth. According to Karel de Gucht, European Commissioner for Trade between 2010 and 2014, the TTIP would have been the largest bilateral trade initiative ever negotiated, not only because it would have involved the two largest economic areas in the world but also "because of its potential global reach in setting an example for future partners and agreements".[1]

Transatlantic Trade and Investment Partnership
The United States (orange) and the European Union (green)
TypeTrade agreement
SignedNo
SealedObsolete

Negotiations were halted by United States president Donald Trump,[2] who then initiated a trade conflict with the EU. Trump and the EU declared a truce of sorts in July 2018, resuming talks that appeared similar to TTIP.[3] On 15 April 2019, the negotiations were declared "obsolete and no longer relevant" by the European Commission.[4]

The European Commission claimed that the TTIP would have boosted the EU's economy by €120 billion, the US economy by €90 billion and the rest of the world by €100 billion.[5] According to Anu Bradford, law professor at Columbia Law School, and Thomas J. Bollyky of the Council on Foreign Relations, TTIP aimed to "liberalise one-third of global trade" and could create millions of new jobs.[6] A Guardian article by Dean Baker of the US thinktank Center for Economic and Policy Research[7][8][9] argued that the economic benefits per household would be relatively small.[10] According to a European Parliament report, impacts on labour conditions range from job gains to job losses, depending on economic model and assumptions used for predictions.[11]

The reports on the past negotiations and the contents of the negotiated TTIP proposals are classified information, and can be accessed only by authorised persons.[12] Multiple leaks of proposed TTIP contents into the public caused controversy.[13] The proposed agreement had been criticized and opposed by some unions, charities, NGOs and environmentalists, particularly in Europe.[14][15]

The Independent describes common criticisms of TTIP as "reducing the regulatory barriers to trade for big business, things like food safety law, environmental legislation, banking regulations and the sovereign powers of individual nations",[16] or more critically as an "assault on European and US societies by transnational corporations".[16] The Guardian noted the criticism of TTIP's "undemocratic nature of the closed-door talks", "influence of powerful lobbyists", TTIP's potential ability to "undermine the democratic authority of local government",[17] and described it as "the most controversial trade deal the EU has ever negotiated".[18] German economist Max Otte argued that by putting European workers into direct competition with Americans, TTIP would negatively impact the European social models.[19] An EU direct democracy mechanism, the European Citizens' Initiative, which enables EU citizens to call directly on the European Commission to propose a legal act,[20] acquired over 3.2 million signatures against TTIP and CETA within a year.[21][22]

Background edit

Economic barriers between the EU and the United States are relatively low, not only due to long-standing membership in the World Trade Organization (WTO) but also recent agreements such as the EU–US Open Skies Agreement and work by the Transatlantic Economic Council. The European Commission claimed that passage of a trans-Atlantic trade pact could boost overall trade between the respective blocs by as much as 50%.[23] Economic gains from a Trade Treaty were predicted in the joint report issued by the White House and the European Commission.[24]

Some form of Transatlantic Free Trade Area had been proposed in the 1990s and later in 2006 by German Chancellor Angela Merkel in reaction to the collapse of the Doha world trade talks. However, protectionism on both sides may be a barrier to any future agreement.[25][26] It was first initiated in 1990, when, shortly after the end of the Cold War, with the world no longer divided into two blocs, the European Community (12 countries) and the US signed a "Transatlantic Declaration". This called for the continued existence of the North Atlantic Treaty Organization, as well as for yearly summits, biannual meetings between ministers of State, and more frequent encounters between political figures and senior officials.[citation needed]

Subsequent initiatives taken by the European deciders and the US government included: in 1995, the creation of a pressure group of business people, the Transatlantic Business Dialogue (TABD) by public authorities on both sides of the Atlantic; in 1998, the creation of an advisory committee, the Transatlantic Economic Partnership; in 2007, the creation of the Transatlantic Economic Council, in which representatives from firms operating on both sides of the Atlantic meet to advise the European Commission and the US government – and finally, in 2011, the creation of a group of high-level experts whose conclusions, submitted on 11 February 2013, recommended the launching of negotiations for a wide-ranging free-trade agreement. On 12 February 2013, President Barack Obama called in his annual State of the Union address for such an agreement.[27] The following day, EU Commission President Jose Manuel Barroso announced that talks would take place to negotiate the agreement.[28][29]

The United States and European Union together represent 60% of global GDP, 33% of world trade in goods and 42% of world trade in services. There are a number of trade conflicts between the two powers, but both depend on the other's economic market and disputes only affect 2% of total trade. A free trade area between the two would represent potentially the largest regional free-trade agreement in history, covering 46% of world GDP.[30][31]

Trade between the EU and the US
(in billion euros) (2018)[32]
Direction Goods Services Investment Total
EU to US 351 179 1655 2181
US to EU 213 196 1536 1806

The United States investment in the European Union is three times greater than US investment in the entire continent of Asia and EU investment in the United States is eight times that of European Union investment in India and China combined. Intra-company transfers are estimated to constitute a third of all transatlantic trade. The United States and European Union are the largest trading partners of most other countries in the world and account for a third of world trade flows. Given the already low tariff barriers (under 3%), to make the deal a success the aim is to remove non-tariff barriers.[33]

Proposed contents edit

Documents released by the European Commission in July 2014 group the topics under discussion into three broad areas: Market access; Specific regulation; and broader rules and principles and modes of co-operation.[34][35]

The EU negotiating mandate as of June 2013 gave a fuller view of what the Council of the European Union (Foreign Affairs) has told its negotiators to try to achieve for each section.[36] No corresponding US text is available, but the American side has released a public statement setting out its objectives and the potential benefits it foresees.[37]

The secret contents of the first concrete American proposal on tariff reduction, and an EU counterproposal, which was leaked to Correctiv in February 2016, suggest 87.5% to 97% of all tariffs would be cut to zero.[38]

Market access edit

TTIP includes chapters on market access for goods and services that aim to remove "custom duties on goods and restrictions on services, gaining better access to public markets, and making it easier to invest".[39] The goods part includes rules on market access for goods, agriculture and processed agricultural products, and rules of origin.[34][35]

Services and leaked text edit

For "Trade in Services, Investment and E-commerce", a draft text dated 7 July 2013 was leaked by the German newspaper, Die Zeit in March 2014. The leaked text contains seven chapters. In Chapter 1, Article 1 states the overall objective of "a better climate for the development of trade and investment", particularly the "liberalisation of investment and cooperation on e-commerce".[40]

Chapter II, Article 3 to Article 18 contains general principles for investment. Article 14 contains proposed rules that forbid governments to "directly or indirectly nationalise, expropriate" unless it is for a public purpose, under due process of law, on a non-discriminatory basis, with compensation.[41] Article 14(2) defines the necessary compensation as being "fair market value of the investment at the time immediately before the expropriation or the impending expropriation became public knowledge plus interest at a commercial rate established on a market basis".

Chapter III, Articles 19 to 23 contains rules on cross border supply of services.

Chapter IV, Articles 24 to 28 would allow free movement of business managers, and other employees of a corporation, for temporary work purposes among all countries party to the agreement.[42] Article 1(2) makes it clear, however, that no more general free movement of workers and citizens is allowed.

Chapter V contains eight sections with particular rules for different economic sectors. Section I, articles 29 to 31, set out principles that states must follow in licensing private corporations, and state that requirements that are not proportionate to a reviewable public policy objective are contrary to the treaty. Section II contains general provisions. Section III covers computer services. Section IV, articles 35 to 39, cover liberalisation of postal services.[43] Section V, articles 40 to 50, apply to electronic communications networks and services (including telecommunications) and mandate competitive markets, absence of cross-subsidies, subject to defined exceptions including in article 46 a right (but not a requirement) for countries to provide universal service.

Section VI of chapter V covers Financial Services, in articles 51 to 59. It limits the laws that governments can pass to regulate or publicly run insurance and banking. Any regulations that do not fall within the Treaty's terms and objectives would be unlawful.[44] Legitimate reasons for regulation include, in article 52, "the protection of investors, depositors, policy-holders or persons to whom a fiduciary duty is owed by a financial service supplier; (b) ensuring the integrity and stability of a Party's financial system". However article 52(2) states "measures shall not be more burdensome than necessary to achieve their aim",[45] and the Treaty does not include any further reasons to allow regulation. Section VII covers international maritime transport and section VIII covers air transport.

The Annex on "Investors-state dispute settlement" proposed to allow corporations to bring actions against governments for breach of its rights.[46] The European Commission launched a public consultation after the draft text was leaked, which led to a number of changes. However, an updated proposed text had yet to be made publicly available.[when?] In September 2015, the Commission proposed an "Investment Court System" to replace the ISDS clauses, with the scope for investor challenge much reduced and with "highly skilled judges" rather than arbitrators used to determine cases.[47]

Industry-specific regulation edit

"Improved regulatory coherence and cooperation by dismantling unnecessary regulatory barriers such as bureaucratic duplication of effort".[39]

Specific heads for discussion include:[34][35]

Broader rules and principles and modes of co-operation edit

"Improved cooperation when it comes to setting international standards".[39]

Specific heads for discussion include:[34][35]

Implementation edit

Negotiations edit

Procedure edit

The TTIP Agreement texts were developed by 24 joint EU-US working groups, each considering a separate aspect of the agreement. Development typically progresses through a number of phases. Broad position papers are first exchanged, introducing each side's aims and ambitions for each aspect. These are followed by textual proposals from each side, accompanied (in areas such as tariffs, and market access) by each side's "initial offer". These negotiations and draft documents can evolve (change) through the various stages of their development. When both sides are ready, a consolidated text is prepared, with remaining differences for discussion expressed in square brackets. These texts are then provisionally closed topic by topic as a working consensus is reached. However the agreement is negotiated as a whole, so no topic's text is finalised until full consensus is reached.[62]

Negotiation rounds edit

Negotiations are held in week-long cycles alternating between Brussels and the US.[63] The negotiators were hoping to conclude their work by the end of 2016.[64]

  • The 1st round of negotiations: 7–12 July 2013 in Washington, DC
  • The 2nd round of negotiations: 11–15 November 2013 in Brussels
  • The 3rd round of negotiations: 16–21 December 2013 in Washington, DC
  • The 4th round of negotiations: 10–14 March 2014 in Brussels
  • The 5th round of negotiations: 19–23 May 2014 in Arlington, Virginia
  • The 6th round of negotiations: 13–18 July 2014 in Brussels
  • The 7th round of negotiations: 29 September – 3 October 2014 in Chevy Chase, Maryland
  • The 8th round of negotiations: 2–6 February 2015 in Brussels
  • The 9th round of negotiations: 20–24 April 2015 in New York
  • The 10th round of negotiations: 13–17 July 2015 in Brussels
  • The 11th round of negotiations: 19–23 October 2015 in Miami
  • The 12th round of negotiations: 22–26 February 2016 in Brussels
  • The 13th round of negotiations: 25–29 April 2016 in New York
  • The 14th round of negotiations: 11–15 July 2016 in Brussels
  • The 15th round of negotiations: 3–7 October 2016 in New York

Confidentiality measures edit

Only a few people could access the documents known as "consolidated texts", the drafts containing the most recent results of the negotiations. On the European side, authorised readers included the European Commission negotiators (most of them from the Directorate-General for Trade), MEPs and European Union members' MPs.[65] Upon the insistence of the US, the documents are not transmitted any more as electronic or even printed documents.[12]

They were only available in secure rooms at the European Commission HQ in Brussels, in a number of US embassies,[12] and at the offices of member states' trade ministries.[65] In all the secured rooms phones or other types of scanning device are forbidden.[12] Blank sheets of paper, marked with the reader's names, are provided on which visitors can jot down their notes.[65] On the US side, the procedure was similar: only Senators and USTR negotiators could access the documents and had to comply with similar conditions.[12] The United States insisted on the same security arrangements for the drafts of the Trans-Pacific Partnership proposal.[12]

Hurdles edit

The negotiations were planned to be finalized by the end of 2014, but according to economist Hosuk Lee-Makiyama, at least another four or five years of negotiations remained at the end of that year.[66] In November 2014 the Bulgarian government announced that it will not ratify the agreement unless the United States lifted visa requirements for Bulgarian citizens.[67]

German Vice Chancellor and Economy Minister Sigmar Gabriel said that free trade talks between the European Union and the United States have failed, citing a lack of progress on any of the major sections of the long-running negotiations. "In my opinion the negotiations with the United States have de facto failed, even though nobody is really admitting it" the German broadcaster Zweites Deutsches Fernsehen quoted the minister, according to a written transcript of an interview aired on 28 August 2016. "[They] have failed because we Europeans did not want to subject ourselves to American demands."[68]

Negotiation progress before withdrawal edit

Negotiation progress as of 27 April 2016:[64][69]

  No paper yet US/EU Paper EU & US proposals Consolidation underway Advanced state of consolidation
Agricultural Market Access
Anti-corruption
Competition
Cross-Border Trade in Services
Customs and Trade Facilitation
E-commerce
Energy and Raw Materials
Financial Services
Investment Protection
Intellectual Property Rights
Legal and Institutional
Market access/Industrial goods
Procurement
Regulatory Coherence
Regulatory Cooperation
Rules of Origin
Small and medium-sized enterprises
State-owned enterprises
Sanitary and Phytosanitary Measures
State-to-State Dispute Settlement
Subsidies
Sustainable dev.: Labour, Environment
Technical Barriers to Trade
Telecom
Textiles and Apparel
Trade Remedies
Sectors

Failed ratification edit

The 27 European Union-member governments would have had to approve of the partnership, via unanimous voting under TFEU Articles 207 and 218, on the negotiated agreement in the Council of the European Union, at which point the European Parliament will also be asked for its endorsement. The European Parliament is empowered to approve or reject the agreement. In case the Council of the European Union, following a proposal from the European Commission, designates TTIP to be a "mixed agreement", approval from all Parliaments of the EU Member States in accordance with individual constitutional procedures is necessary before the agreement can enter into force.

In the United States, both houses of the Congress would have had to pass the agreement for it to be ratified.[70] Negotiations were halted by United States president Donald Trump,[71] who then initiated a trade conflict with the EU. Trump and the EU declared a truce of sorts in July 2018, resuming talks that appeared similar to TTIP.[72] On 15 April 2019, the negotiations were declared "obsolete and no longer relevant" by the European Commission.[73]

Proposed benefits edit

TTIP aimed for a formal agreement that would "liberalize one-third of global trade" and, proponents argued, would create millions of new paid jobs.[6] "With tariffs between the United States and the European Union already low, the London-based Centre for Economic Policy Research estimates that 80 percent of the potential economic gains from the TTIP agreement depend on reducing the conflicts of duplication between EU and US rules on those and other regulatory issues, ranging from food safety to automobile parts."[6] A successful strategy (according to Thomas Bollyky at the Council on Foreign Relations and Anu Bradford of Columbia Law School) will focus on business sectors for which transatlantic trade laws and local regulations can often overlap, e.g., pharmaceutical, agricultural, and financial trading.[6] This will ensure that the United States and Europe remain "standard makers, rather than standard takers", in the global economy, subsequently ensuring that producers worldwide continue to gravitate toward joint US-EU standards.[6]

In March 2013, an economic assessment by the European Centre for Economic Policy Research estimates that such a comprehensive agreement would result in GDP growth of 68–119 billion euros for the European Union by 2027 and GDP growth of 50–95 billion euros (about 53.5–101 billion US dollars) in the United States in the same time frame. The 2013 report also estimates that a limited agreement focused only on tariffs would yield EU GDP growth of 24 billion euros by 2027 and growth of 9 billion euros in the United States. If shared equally among the affected people, the most optimistic GDP growth estimates would translate into "additional annual disposable income for a family of four" of "545 euros in the EU" and "655 euros in the US", respectively.[74]

In a Wall Street Journal article, the CEO of Siemens AG (with its workforce located 70% in Europe and 30% in the United States) claimed that the TTIP would strengthen United States and EU global competitiveness by reducing trade barriers, by improving intellectual property protections, and by establishing new international "rules of the road".[75]

The European Commission says that the TTIP would boost the EU's economy by €120 billion, the US economy by €90 billion and the rest of the world by €100 billion.[5] Talks began in July 2013 and reached the third round of negotiations by the end of that year.[5]

American economist Dean Baker of the Center for Economic and Policy Research observed that with conventional trade barriers between the US and the EU already low, the deal would focus on non-conventional barriers, such as overriding national regulations on fracking, GMOs, and finance, but also tightening laws on copyright. He goes on to assert that, with less ambitious projections, the economic benefits per household are unimpressive: "If we apply the projected income gain of 0.21% to the projected median personal income in 2027, it comes to a bit more than $50 a year. That's a little less than 15 cents a day. Don't spend it all in one place".[10]

A 2018 paper by KU Leuven economists estimated that a "deep" free-trade agreement, such as TTIP, between the United States and the European Union would increase EU GDP by 1.3% and US GDP by 0.7%.[76] These gains would primarily be the result of reductions in non-tariff barriers to trade.[76]

Criticism and opposition edit

 
Greenpeace opened a transparent public reading room for TTIP documents at Brandenberg Gate, Berlin, Germany
 
The STOP TTIP CETA demo in Berlin in October 2015 had around 250,000 participants.[77][78]
 
"Stop TTIP" protests in Barcelona, Spain, 18 April 2015
 
Anti-TTIP demonstration in Hannover, Germany, 23 April 2016
 
The Stop TTIP-CETA protest in Brussels, Belgium, 20 September 2016

Secrecy of content and negotiations edit

The content of the drafts of agreement, as well as the reports on negotiation rounds, are classified from the public, an arrangement that The Independent criticised as "secretive and undemocratic".[16] As noted above, elected representatives may only view the texts in a secure "reading room" in Brussels, to avoid any further leaks of information about TTIP negotiations into the public domain.

To answer the criticism, and months after their leaks by Greenpeace, the European Commission has made negotiation documents public, including all EU proposals in the regulatory and rules components of the agreement.[64][79][80] The Trade Commissioner has described the negotiations as "the most transparent trade talks ever conducted by the EU".[81]

Potential negative impacts edit

Politics, economy and society edit

The Guardian described TTIP as "the most controversial trade deal the EU has ever negotiated".[18] TTIP negotiations are criticized and opposed by some unions, charities, NGOs and environmentalists, particularly in Europe.[14][15] The Independent summarizes the negative impact of TTIP as "reducing the regulatory barriers to trade for big business, things like food safety law, environmental legislation, banking regulations and the sovereign powers of individual nations",[16] or more critically as an "assault on European and US societies by transnational corporations".[16] German economist Max Otte stated that the proposed (ISDS) court of arbitration and protection of foreign investment would mean a "complete dis-empowerment of politics"[19] and that, regarding labour economics, free trade agreements typically enforce lower standards and that TTIP would put European workers into direct competition with Americans (and in effect because of the North American Free Trade Agreement with Mexicans), which would impact European social models.[19] Otte also concluded: "We really don't want the social system of these countries [United States and Mexico] here [in Europe]."[19]

An October 2014 study by Jeronim Capaldo of the Global Development and Environment Institute at Tufts University indicates that there will be losses in terms of net exports, net losses in terms of GDP, loss of labour income, job losses, reduction of the labour share, loss of government revenue and higher financial instability among European countries.[82]

Labour standards, workers' rights and job security edit

Anti-poverty group Global Justice Now asserts that TTIP would undermine job security as well as current minimum labour standards agreed in the EU.[83] British Labour Party politician John McDonnell, Shadow Chancellor of the Exchequer, has described TTIP as resulting in a huge transfer of powers to Brussels and corporate interests that will bring about a form of "modern-day serfdom".[83] According to a European Parliament report, impacts on labour conditions range from job gains to job losses, depending on economic model and assumptions used for predictions.[11]

In spite of a study by the Munich-based Ifo Institute for Economic Research (on behalf of the German Federal Ministry of Economics) claiming that up to 400,000 jobs could be created in the EU by TTIP,[84] Stefan Körzell, national board member of the Confederation of German Trade Unions (DGB) has said "Whether TTIP can create jobs, and 'how many' and 'where' is unclear. Previous studies, ranging from those conducted by the European Commission across to the expertise of the Ifo Institute, fluctuate between optimism and very low expectations... Consideration of the negative consequences trade agreements can have, if environmental or labour standards are ignored, is often omitted. As of August 2015, the US had ratified two (prohibitions of child labour and slavery) of the eight ILO core labour standards."[85]

Democracy and national sovereignty, foreign investor protection edit

Investor-state dispute settlement (ISDS) is an instrument that allows an investor to bring a case directly against the country hosting its investment, without the intervention of the government of the investor's country of origin.[86] From the late 1980s, certain trade treaties have included provisions for ISDS that allow foreign investors who claim to have been disadvantaged by actions of a signatory state, to sue that state for damages in a tribunal of arbitration. More recently such claims have increased in number and value,[87] and some states have become increasingly resistant to such clauses.[88]

Critics of TTIP say that "ISDS provisions undermine the power of national governments to act in the interests of their citizens",[14] that "TTIP could even undermine the democratic authority of local government",[17] and that it threatens democracy.[89] France and Germany have said that they want access to investor-state dispute settlement removed from the TTIP treaty.[90] In December 2013, a coalition of over 200 environmentalists, labor unions and consumer advocacy organizations on both sides of the Atlantic sent a letter to the USTR and European Commission demanding the investor-state dispute settlement be dropped from the trade talks, claiming that ISDS was "a one-way street by which corporations can challenge government policies, but neither governments nor individuals are granted any comparable rights to hold corporations accountable".[91][92] Some point out the "potential for abuse" that may be inherent in the trade agreement due to its clauses relating to investor protection.[93][94] A recent study shows that investor-state dispute settlement (ISDS) indeed generates strikingly large and consistent opposition to the trade agreement and this effect of dispute settlement characteristic cuts across individuals’ key attributes, including skill levels, information, and national sentiment, which have been viewed as key determinants of trade attitudes.[95]

In December 2013, Martti Koskenniemi, Professor of International Law at the University of Helsinki, warned that the planned foreign investor protection scheme within the treaty, similar to World Bank Group's International Centre for Settlement of Investment Disputes (ICSID), would endanger the sovereignty of the signatory states by allowing for a small circle of legal experts sitting in a foreign court of arbitration an unprecedented power to interpret and void the signatory states' legislation.[96]

Faced with such broad and vociferous criticism, ISDS was abandoned in September 2015; in its place, the European Commission proposed an Investment Court System (ICS).[97][98] Not long afterwards, ICS was declared illegal by the German Association of Magistrates,[99] though the commission dismissed the magistrates' judgement as based on a misunderstanding.[100] For its part, the United States wants ISDS reinstated.[100]

In February 2016, Labour (UK) leader Jeremy Corbyn said that human rights should be part of TTIP, describing TTIP as a threat to national sovereignty, workers, consumers, health and the environment.[101]

Public health and environment edit

According to a report in The Guardian, TTIP draft leaked in 2016 shows "irreconcilable" differences between EU and the US in some areas, with the US demanding that EU compromise its "environmental, consumer protection and public health standards".[13]

Consumer protection and food safety edit

Documents released in May 2015 showed that US negotiators had pressured the EU over proposed pesticide criteria. A number of pesticides containing endocrine disrupting chemicals were forbidden in draft EU criteria. On 2 May 2013, US negotiators insisted the EU drop the criteria. They stated that a risk-based approach should be taken on regulation. Later the same day Catherine Day (Secretary-General of the European Commission) wrote to Karl Falkenberg (Director General for the Environment) asking for these criteria to be removed.[102] As of 2015, 82 pesticides used in the US were banned in Europe and US animal welfare standards are generally lower than those in Europe.[103]

A columnist in The Guardian stated that food safety in the EU might be compromised because of low or different standards in US food regulations,[14] if currently EU-banned food were allowed to be imported.[83] In June 2015, the BBC reported that food safety had become "a stumbling block" because of differing US and EU attitudes to genetically modified crops, pesticides (endocrine disrupting chemicals), growth promoting hormones in beef and pathogen reduction treatments of chicken, that cause public health concerns for consumers and put European farmers at a cost disadvantage.[103] Ban on animal testing in the EU has been described by The Guardian as "irreconcilable" with the US approach.[13]

Environment protection and climate change edit

A draft of the sustainable development section of TTIP was leaked to The Guardian in October 2015. Asked to comment on the document, a French environmental attorney described the proposed environmental safeguards as "virtually non-existent" by comparison with the protection granted to investors, and that environmental cases accounted for 60% of the 127 ISDS cases already brought against EU countries under bilateral trade agreements in the last two decades, according to Friends of the Earth Europe.[104] According to Joseph E. Stiglitz, TTIP could have a "chilling" effect on regulation and thus "undercut urgently needed action on climate that the Paris agreement requires". He says that industries that do not pay for the "social costs" of pollution in effect receive hidden subsidies, and that TTIP would give companies many more opportunities to sue governments over environmental protection mechanisms.[105]

The draft energy chapter of the TTIP was leaked to The Guardian in July 2016.[106] According to The Guardian, this draft could "sabotage" European efforts to implement mandatory energy savings measures and to favor the switch to renewable electricity generation. The draft text obliges the two trade blocs to: "foster industry self-regulation of energy efficiency requirements for goods where such self-regulation is likely to deliver the policy objectives faster or in a less costly manner than mandatory requirements".[106] The draft also mandates that operators of energy networks grant access to gas and electricity "on commercial terms that are reasonable, transparent and non-discriminatory, including as between types of energy".[106] This would open feed-in tariff schemes to commercial challenge, including that used by Germany. The Green MEP Claude Turmes stated: "These proposals are completely unacceptable. They would sabotage EU legislators' ability to privilege renewables and energy efficiency over unsustainable fossil fuels. This is an attempt to undermine democracy in Europe."[106]

The EU's draft text for the trade and sustainable development chapter was also leaked to The Guardian in July 2016.[107] The draft, dated 23 June 2016 and marked "restricted", reveals new loopholes on a G20 pledge to phase out inefficient fossil fuel subsidies by 2025. The IMF estimates these subsidies run globally at $10 million per minute[108] and G7 ministers pledged to remove them in May 2016 in a meeting in Japan.[109] The draft however states that "such a phasing out may take into account security of supply considerations".[107]The Guardian believes that this passage could be open to abuse and used to slow the phase out of subsidies.

Banking regulation edit

According to critics, TTIP could weaken the stricter bank regulations that are governing banks in the United States as part of the financial reforms that followed the financial crisis of 2007–08.[16][110]

Intellectual property and privacy edit

Critics of TTIP argue that its proposals on intellectual property and user privacy could have a similar effect as the EU-rejected Anti-Counterfeiting Trade Agreement (ACTA).[110] The Electronic Frontier Foundation and its German counterpart, FFII, in particular, compared TTIP to the ACTA.[111]

Activism against TTIP edit

 
"Stop TTIP" campaigners hand 3,284,289 signatures to Martin Schulz, President of the European Parliament, November 2015.

In March 2013, a coalition of digital rights organisations and other groups issued a declaration[112] in which they called on the negotiating partners to have TTIP "debated in the US Congress, the European Parliament, national parliaments, and other transparent forums" instead of conducting "closed negotiations that give privileged access to corporate insiders", and to leave intellectual property out of the agreement.

In 2014, an online consultation conducted by the European Commission[113] received 150,000 responses. According to the commission, 97% of the responses were pre-defined, negative answers provided by activists.[114][115] Additionally, hundreds of demonstrations and protests have taken place in an organised "day of action" on 11 October 2014,[116][117][118] and again on 18 April 2015.[119][120][121] In February 2016, Greenpeace activists blocked secret talks on the Investment Court System.[122]

A self-organised European Citizens' Initiative against TTIP and CETA has also been established, acquiring over 3.2 million signatures within a year.[21][22]

In April 2016, then-President Barack Obama visited UK, and more than 130,000 people signed a petition organised by political activism group 38 Degrees, urging Obama to stop negotiating TTIP.[123] The group planned to send an open letter to Obama to urge Obama to oppose the pact, saying that TTIP would be a threat to NHS, food standards, animal welfare and democracy because it 'gives corporations more power than people'.[123]

Leaks edit

In 2016, Greenpeace published 248 pages of classified documents from the TTIP trade negotiations.[124] Greenpeace Netherlands said it released the documents "to provide much needed transparency and trigger an informed debate on the treaty".[125]

National objections edit

From both the European and American sides of the agreement, there were issues which are seen as essential if an accord is to be reached. According to Leif Johan Eliasson of Saarland University, "For the EU these include greater access to the American public procurement market, retained bans on imports of genetically modified organisms (GMO) crops and hormone treated beef, and recognition of geographic trademarks on food products. For the United States they include greater access for American dairy and other agricultural products (including scientific studies as the only accepted criteria for SPS policies)." He observes that measures like the EU ban on hormone treated beef (based as they are on the precautionary principle) are not considered by the WTO to be based on scientific studies.

Eliasson further states that US objectives in a deal include "tariff-free motor vehicle exports", and retained bans on foreign contractors in several areas", including domestic shipping (see Merchant Marine Act of 1920).[126] Already, some American producers are concerned by EU proposals to restrict use of "particular designations" (also known as PDO or GI/geographical indications) that the EU considers location-specific, such as feta and Parmesan cheeses and possibly Budweiser beer.[127][128] This has provoked debate between European politicians such as Renate Künast and Christian Schmidt over the value of the designations.[129]

At French insistence, trade in audio-visual services was excluded from the EU negotiating mandate.[130] The European side has been pressing for the agreement to include a chapter on the regulation of financial services; but this is being resisted by the American side, which passed the Dodd–Frank Act in this field.[131] US Ambassador to the European Union Anthony L. Gardner has denied any linkage between the two issues.[132]

European negotiators are pressed the United States to loosen its restrictions on the export of crude oil and natural gas, to help the EU reduce its dependence on energy from Russia.[133]

Response to criticism edit

Karel De Gucht responded to criticism in a Guardian article in December 2013,[134] saying "The commission has regularly consulted a broad range of civil society organisations in writing and in person, and our most recent meeting had 350 participants from trade unions, NGOs and business" and that "no agreement will become law before it is thoroughly examined and signed off by the European parliament and 29 democratically elected national governments – the US government and 28 in the EU's council"[135] However, the Corporate Europe Observatory (cited in the original Guardian article) had pointed out, based on a Freedom of Information request, that "more than 93% of the Commission's meetings with stakeholders during the preparations of the negotiations were with big business". They characterized the industry meetings as "about the EU's preparations of the trade talks", and the civil society consultation as "an information session after the talks were launched".[136]

Effect on third-party countries edit

 
A possible future Transatlantic Free Trade Area:
the United States and European Union in dark blue and the other possible members in light blue (USMCA and EFTA)

In early 2013, Canadian media observers had speculated that the launch of TTIP talks put pressure on Canada to secure ratification of its own three-year-long FTA negotiations with the EU by the close of 2013.[137] Countries with customs agreements with the EU, like Turkey's, could face the prospect of opening their markets to American goods, without access for their own goods without a separate agreement with the United States.[138]

Reports edit

Various groups have produced reports about the proposed agreement, including:

  • The Politics of Transatlantic Trade Negotiations: TTIP in a Globalized World (2015) ISBN 9781472443649
  • The Transatlantic Trade and Investment Partnership: Ambitious but Achievable – A Stakeholder Survey and Three Scenarios (April 2013) ISBN 978-1-61977-032-4[139]
  • TTIP and the Fifty States: Jobs and Growth from Coast to Coast (September 2013) ISBN 978-1-61977-038-6[140]
  • The Transatlantic Colossus: Global Contributions to Broaden the Debate on the EU-US Free Trade Agreement (December 2013) ISBN 978-3-00-044648-1[141]
  • The Transatlantic Trade and Investment Partnership: A Charter for Deregulation, An Attack on Jobs, An End to Democracy (February 2014)[142]

See also edit

Trade agreements edit

Trade topics edit

References edit

  1. ^ Karel de Gucht, Foreword in Jean-Frédéric Morin, Tereza Novotná, Frederik Ponjaert and Mario Telò, The Politics of Transatlantic Trade Negotiations, TTIP in a Globalized World, Routledge, 2015, p.xvii
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External links edit

  • What exactly is the Trans Atlantic Trade and Investment Partnership? Video produced by DW (Deutsche Welle)

Official sites edit

  • EU negotiations site
  • EU negotiating texts in TTIP
  • European Commission, DG Trade – In focus Transatlantic Trade and Investment Partnership (TTIP)
  • USTR Transatlantic Trade and Investment Partnership

Discussion and analysis edit

  • The Politics of Transatlantic Trade Negotiations, by Jean-Frederic Morin, Tereza Novotna, Frederik Ponjaert and Mario Telò, Routledge, 2015
  • Towards an EU-US trade and investment deal, European Parliamentary Research Service, 11 July 2014
  • UK House of Lords European Union Committee, The Transatlantic Trade and Investment Partnership, report published 6 May 2014
  • UK House of Commons Business, Innovation and Skills Select Committee, Transatlantic Trade and Investment Partnership, HC804, report published 25 March 2015, noted that there were varying opinions on which aspects of TTIP would be beneficial and to what extent (paragraph 7).
  • The Transatlantic Colossus: Global Contributions to Broaden the Debate on the EU-US Free Trade Agreement A collaborative publication with over 20 articles on the global implications of the TAFTA | TTIP, Berlin Forum on Global Politics, December 2013
  • The Transatlantic Trade and Investment Partnership – Defensive Move or Constructive Engagement A Research Based Documentary placing the TTIP negotiations in a global context produced by the Institut d'Etudes Européennes of the Université Libre de Bruxelles, 19 March 2014
  • The Transatlantic Trade and Investment Partnership: A Charter for Deregulation, an Attack on Jobs, an End to Democracy, Rosa Luxemburg Stiftung, Brussels Office, February 2014
  • , Rosa Luxemburg Stiftung, Brussels Office, May 2014
  • , Katapult Magazine, 11. March 2014
  • TTIP: Are 40 Cents a Day Big Gains?, Center for Economic and Policy Research, August 2015

Websites edit

transatlantic, trade, investment, partnership, ttip, redirects, here, chemical, compound, titanium, isopropoxide, political, party, taking, initiative, party, ttip, proposed, trade, agreement, between, european, union, united, states, with, promoting, trade, m. TTIP redirects here For the chemical compound see Titanium isopropoxide For the UK political party see Taking the Initiative Party The Transatlantic Trade and Investment Partnership TTIP was a proposed trade agreement between the European Union EU and the United States with the aim of promoting trade and multilateral economic growth According to Karel de Gucht European Commissioner for Trade between 2010 and 2014 the TTIP would have been the largest bilateral trade initiative ever negotiated not only because it would have involved the two largest economic areas in the world but also because of its potential global reach in setting an example for future partners and agreements 1 Transatlantic Trade and Investment PartnershipThe United States orange and the European Union green TypeTrade agreementSignedNoSealedObsoleteNegotiations were halted by United States president Donald Trump 2 who then initiated a trade conflict with the EU Trump and the EU declared a truce of sorts in July 2018 resuming talks that appeared similar to TTIP 3 On 15 April 2019 the negotiations were declared obsolete and no longer relevant by the European Commission 4 The European Commission claimed that the TTIP would have boosted the EU s economy by 120 billion the US economy by 90 billion and the rest of the world by 100 billion 5 According to Anu Bradford law professor at Columbia Law School and Thomas J Bollyky of the Council on Foreign Relations TTIP aimed to liberalise one third of global trade and could create millions of new jobs 6 A Guardian article by Dean Baker of the US thinktank Center for Economic and Policy Research 7 8 9 argued that the economic benefits per household would be relatively small 10 According to a European Parliament report impacts on labour conditions range from job gains to job losses depending on economic model and assumptions used for predictions 11 The reports on the past negotiations and the contents of the negotiated TTIP proposals are classified information and can be accessed only by authorised persons 12 Multiple leaks of proposed TTIP contents into the public caused controversy 13 The proposed agreement had been criticized and opposed by some unions charities NGOs and environmentalists particularly in Europe 14 15 The Independent describes common criticisms of TTIP as reducing the regulatory barriers to trade for big business things like food safety law environmental legislation banking regulations and the sovereign powers of individual nations 16 or more critically as an assault on European and US societies by transnational corporations 16 The Guardian noted the criticism of TTIP s undemocratic nature of the closed door talks influence of powerful lobbyists TTIP s potential ability to undermine the democratic authority of local government 17 and described it as the most controversial trade deal the EU has ever negotiated 18 German economist Max Otte argued that by putting European workers into direct competition with Americans TTIP would negatively impact the European social models 19 An EU direct democracy mechanism the European Citizens Initiative which enables EU citizens to call directly on the European Commission to propose a legal act 20 acquired over 3 2 million signatures against TTIP and CETA within a year 21 22 Contents 1 Background 2 Proposed contents 2 1 Market access 2 1 1 Services and leaked text 2 2 Industry specific regulation 2 3 Broader rules and principles and modes of co operation 2 4 Implementation 3 Negotiations 3 1 Procedure 3 2 Negotiation rounds 3 3 Confidentiality measures 3 4 Hurdles 3 5 Negotiation progress before withdrawal 4 Failed ratification 5 Proposed benefits 6 Criticism and opposition 6 1 Secrecy of content and negotiations 6 2 Potential negative impacts 6 2 1 Politics economy and society 6 2 2 Labour standards workers rights and job security 6 2 3 Democracy and national sovereignty foreign investor protection 6 2 4 Public health and environment 6 2 4 1 Consumer protection and food safety 6 2 4 2 Environment protection and climate change 6 2 5 Banking regulation 6 2 6 Intellectual property and privacy 6 3 Activism against TTIP 6 3 1 Leaks 6 4 National objections 6 5 Response to criticism 7 Effect on third party countries 8 Reports 9 See also 9 1 Trade agreements 9 2 Trade topics 10 References 11 External links 11 1 Official sites 11 2 Discussion and analysis 11 3 WebsitesBackground editEconomic barriers between the EU and the United States are relatively low not only due to long standing membership in the World Trade Organization WTO but also recent agreements such as the EU US Open Skies Agreement and work by the Transatlantic Economic Council The European Commission claimed that passage of a trans Atlantic trade pact could boost overall trade between the respective blocs by as much as 50 23 Economic gains from a Trade Treaty were predicted in the joint report issued by the White House and the European Commission 24 Some form of Transatlantic Free Trade Area had been proposed in the 1990s and later in 2006 by German Chancellor Angela Merkel in reaction to the collapse of the Doha world trade talks However protectionism on both sides may be a barrier to any future agreement 25 26 It was first initiated in 1990 when shortly after the end of the Cold War with the world no longer divided into two blocs the European Community 12 countries and the US signed a Transatlantic Declaration This called for the continued existence of the North Atlantic Treaty Organization as well as for yearly summits biannual meetings between ministers of State and more frequent encounters between political figures and senior officials citation needed Subsequent initiatives taken by the European deciders and the US government included in 1995 the creation of a pressure group of business people the Transatlantic Business Dialogue TABD by public authorities on both sides of the Atlantic in 1998 the creation of an advisory committee the Transatlantic Economic Partnership in 2007 the creation of the Transatlantic Economic Council in which representatives from firms operating on both sides of the Atlantic meet to advise the European Commission and the US government and finally in 2011 the creation of a group of high level experts whose conclusions submitted on 11 February 2013 recommended the launching of negotiations for a wide ranging free trade agreement On 12 February 2013 President Barack Obama called in his annual State of the Union address for such an agreement 27 The following day EU Commission President Jose Manuel Barroso announced that talks would take place to negotiate the agreement 28 29 The United States and European Union together represent 60 of global GDP 33 of world trade in goods and 42 of world trade in services There are a number of trade conflicts between the two powers but both depend on the other s economic market and disputes only affect 2 of total trade A free trade area between the two would represent potentially the largest regional free trade agreement in history covering 46 of world GDP 30 31 Trade between the EU and the US in billion euros 2018 32 Direction Goods Services Investment TotalEU to US 351 179 1655 2181US to EU 213 196 1536 1806The United States investment in the European Union is three times greater than US investment in the entire continent of Asia and EU investment in the United States is eight times that of European Union investment in India and China combined Intra company transfers are estimated to constitute a third of all transatlantic trade The United States and European Union are the largest trading partners of most other countries in the world and account for a third of world trade flows Given the already low tariff barriers under 3 to make the deal a success the aim is to remove non tariff barriers 33 Proposed contents editDocuments released by the European Commission in July 2014 group the topics under discussion into three broad areas Market access Specific regulation and broader rules and principles and modes of co operation 34 35 The EU negotiating mandate as of June 2013 gave a fuller view of what the Council of the European Union Foreign Affairs has told its negotiators to try to achieve for each section 36 No corresponding US text is available but the American side has released a public statement setting out its objectives and the potential benefits it foresees 37 The secret contents of the first concrete American proposal on tariff reduction and an EU counterproposal which was leaked to Correctiv in February 2016 suggest 87 5 to 97 of all tariffs would be cut to zero 38 Market access edit See also Non tariff barriers to trade TTIP includes chapters on market access for goods and services that aim to remove custom duties on goods and restrictions on services gaining better access to public markets and making it easier to invest 39 The goods part includes rules on market access for goods agriculture and processed agricultural products and rules of origin 34 35 Services and leaked text edit See also Public services Bank regulation Regulatory taking and Investor state dispute settlement For Trade in Services Investment and E commerce a draft text dated 7 July 2013 was leaked by the German newspaper Die Zeit in March 2014 The leaked text contains seven chapters In Chapter 1 Article 1 states the overall objective of a better climate for the development of trade and investment particularly the liberalisation of investment and cooperation on e commerce 40 Chapter II Article 3 to Article 18 contains general principles for investment Article 14 contains proposed rules that forbid governments to directly or indirectly nationalise expropriate unless it is for a public purpose under due process of law on a non discriminatory basis with compensation 41 Article 14 2 defines the necessary compensation as being fair market value of the investment at the time immediately before the expropriation or the impending expropriation became public knowledge plus interest at a commercial rate established on a market basis Chapter III Articles 19 to 23 contains rules on cross border supply of services Chapter IV Articles 24 to 28 would allow free movement of business managers and other employees of a corporation for temporary work purposes among all countries party to the agreement 42 Article 1 2 makes it clear however that no more general free movement of workers and citizens is allowed Chapter V contains eight sections with particular rules for different economic sectors Section I articles 29 to 31 set out principles that states must follow in licensing private corporations and state that requirements that are not proportionate to a reviewable public policy objective are contrary to the treaty Section II contains general provisions Section III covers computer services Section IV articles 35 to 39 cover liberalisation of postal services 43 Section V articles 40 to 50 apply to electronic communications networks and services including telecommunications and mandate competitive markets absence of cross subsidies subject to defined exceptions including in article 46 a right but not a requirement for countries to provide universal service Section VI of chapter V covers Financial Services in articles 51 to 59 It limits the laws that governments can pass to regulate or publicly run insurance and banking Any regulations that do not fall within the Treaty s terms and objectives would be unlawful 44 Legitimate reasons for regulation include in article 52 the protection of investors depositors policy holders or persons to whom a fiduciary duty is owed by a financial service supplier b ensuring the integrity and stability of a Party s financial system However article 52 2 states measures shall not be more burdensome than necessary to achieve their aim 45 and the Treaty does not include any further reasons to allow regulation Section VII covers international maritime transport and section VIII covers air transport The Annex on Investors state dispute settlement proposed to allow corporations to bring actions against governments for breach of its rights 46 The European Commission launched a public consultation after the draft text was leaked which led to a number of changes However an updated proposed text had yet to be made publicly available when In September 2015 the Commission proposed an Investment Court System to replace the ISDS clauses with the scope for investor challenge much reduced and with highly skilled judges rather than arbitrators used to determine cases 47 Industry specific regulation edit Improved regulatory coherence and cooperation by dismantling unnecessary regulatory barriers such as bureaucratic duplication of effort 39 Specific heads for discussion include 34 35 Horizontal chapters Regulatory coherence 48 49 Technical barriers to trade 50 Specific sectoral agreements Textiles 51 Chemicals 52 Pharmaceuticals 53 Cosmetics 54 Medical devices Cars 55 Electronics and information technology Machinery and engineering Pesticides Sanitary and phytosanitary measures SPS 56 i e barriers to trade in food and agricultural productsBroader rules and principles and modes of co operation edit Improved cooperation when it comes to setting international standards 39 Specific heads for discussion include 34 35 Energy and raw materials 57 58 Trade and Sustainable Development Labour and Environment 59 Public procurement 60 Intellectual property 61 Geographical indications Competition policy antitrust and mergers Treatment of state owned or subsidised companies vis a vis private companies Small and medium sized enterprises SMEs Trade remedies e g anti dumping practices Customs and Trade FacilitationImplementation edit Dispute settlement between the parties not investor state dispute settlement Negotiations editProcedure edit The TTIP Agreement texts were developed by 24 joint EU US working groups each considering a separate aspect of the agreement Development typically progresses through a number of phases Broad position papers are first exchanged introducing each side s aims and ambitions for each aspect These are followed by textual proposals from each side accompanied in areas such as tariffs and market access by each side s initial offer These negotiations and draft documents can evolve change through the various stages of their development When both sides are ready a consolidated text is prepared with remaining differences for discussion expressed in square brackets These texts are then provisionally closed topic by topic as a working consensus is reached However the agreement is negotiated as a whole so no topic s text is finalised until full consensus is reached 62 Negotiation rounds edit Negotiations are held in week long cycles alternating between Brussels and the US 63 The negotiators were hoping to conclude their work by the end of 2016 64 The 1st round of negotiations 7 12 July 2013 in Washington DC The 2nd round of negotiations 11 15 November 2013 in Brussels The 3rd round of negotiations 16 21 December 2013 in Washington DC The 4th round of negotiations 10 14 March 2014 in Brussels The 5th round of negotiations 19 23 May 2014 in Arlington Virginia The 6th round of negotiations 13 18 July 2014 in Brussels The 7th round of negotiations 29 September 3 October 2014 in Chevy Chase Maryland The 8th round of negotiations 2 6 February 2015 in Brussels The 9th round of negotiations 20 24 April 2015 in New York The 10th round of negotiations 13 17 July 2015 in Brussels The 11th round of negotiations 19 23 October 2015 in Miami The 12th round of negotiations 22 26 February 2016 in Brussels The 13th round of negotiations 25 29 April 2016 in New York The 14th round of negotiations 11 15 July 2016 in Brussels The 15th round of negotiations 3 7 October 2016 in New YorkConfidentiality measures edit Only a few people could access the documents known as consolidated texts the drafts containing the most recent results of the negotiations On the European side authorised readers included the European Commission negotiators most of them from the Directorate General for Trade MEPs and European Union members MPs 65 Upon the insistence of the US the documents are not transmitted any more as electronic or even printed documents 12 They were only available in secure rooms at the European Commission HQ in Brussels in a number of US embassies 12 and at the offices of member states trade ministries 65 In all the secured rooms phones or other types of scanning device are forbidden 12 Blank sheets of paper marked with the reader s names are provided on which visitors can jot down their notes 65 On the US side the procedure was similar only Senators and USTR negotiators could access the documents and had to comply with similar conditions 12 The United States insisted on the same security arrangements for the drafts of the Trans Pacific Partnership proposal 12 Hurdles edit The negotiations were planned to be finalized by the end of 2014 but according to economist Hosuk Lee Makiyama at least another four or five years of negotiations remained at the end of that year 66 In November 2014 the Bulgarian government announced that it will not ratify the agreement unless the United States lifted visa requirements for Bulgarian citizens 67 German Vice Chancellor and Economy Minister Sigmar Gabriel said that free trade talks between the European Union and the United States have failed citing a lack of progress on any of the major sections of the long running negotiations In my opinion the negotiations with the United States have de facto failed even though nobody is really admitting it the German broadcaster Zweites Deutsches Fernsehen quoted the minister according to a written transcript of an interview aired on 28 August 2016 They have failed because we Europeans did not want to subject ourselves to American demands 68 Negotiation progress before withdrawal edit Negotiation progress as of 27 April 2016 64 69 No paper yet US EU Paper EU amp US proposals Consolidation underway Advanced state of consolidationAgricultural Market AccessAnti corruptionCompetitionCross Border Trade in ServicesCustoms and Trade FacilitationE commerceEnergy and Raw MaterialsFinancial ServicesInvestment ProtectionIntellectual Property RightsLegal and InstitutionalMarket access Industrial goodsProcurementRegulatory CoherenceRegulatory CooperationRules of OriginSmall and medium sized enterprisesState owned enterprisesSanitary and Phytosanitary MeasuresState to State Dispute SettlementSubsidiesSustainable dev Labour EnvironmentTechnical Barriers to TradeTelecomTextiles and ApparelTrade RemediesSectorsFailed ratification editThe 27 European Union member governments would have had to approve of the partnership via unanimous voting under TFEU Articles 207 and 218 on the negotiated agreement in the Council of the European Union at which point the European Parliament will also be asked for its endorsement The European Parliament is empowered to approve or reject the agreement In case the Council of the European Union following a proposal from the European Commission designates TTIP to be a mixed agreement approval from all Parliaments of the EU Member States in accordance with individual constitutional procedures is necessary before the agreement can enter into force In the United States both houses of the Congress would have had to pass the agreement for it to be ratified 70 Negotiations were halted by United States president Donald Trump 71 who then initiated a trade conflict with the EU Trump and the EU declared a truce of sorts in July 2018 resuming talks that appeared similar to TTIP 72 On 15 April 2019 the negotiations were declared obsolete and no longer relevant by the European Commission 73 Proposed benefits editTTIP aimed for a formal agreement that would liberalize one third of global trade and proponents argued would create millions of new paid jobs 6 With tariffs between the United States and the European Union already low the London based Centre for Economic Policy Research estimates that 80 percent of the potential economic gains from the TTIP agreement depend on reducing the conflicts of duplication between EU and US rules on those and other regulatory issues ranging from food safety to automobile parts 6 A successful strategy according to Thomas Bollyky at the Council on Foreign Relations and Anu Bradford of Columbia Law School will focus on business sectors for which transatlantic trade laws and local regulations can often overlap e g pharmaceutical agricultural and financial trading 6 This will ensure that the United States and Europe remain standard makers rather than standard takers in the global economy subsequently ensuring that producers worldwide continue to gravitate toward joint US EU standards 6 In March 2013 an economic assessment by the European Centre for Economic Policy Research estimates that such a comprehensive agreement would result in GDP growth of 68 119 billion euros for the European Union by 2027 and GDP growth of 50 95 billion euros about 53 5 101 billion US dollars in the United States in the same time frame The 2013 report also estimates that a limited agreement focused only on tariffs would yield EU GDP growth of 24 billion euros by 2027 and growth of 9 billion euros in the United States If shared equally among the affected people the most optimistic GDP growth estimates would translate into additional annual disposable income for a family of four of 545 euros in the EU and 655 euros in the US respectively 74 In a Wall Street Journal article the CEO of Siemens AG with its workforce located 70 in Europe and 30 in the United States claimed that the TTIP would strengthen United States and EU global competitiveness by reducing trade barriers by improving intellectual property protections and by establishing new international rules of the road 75 The European Commission says that the TTIP would boost the EU s economy by 120 billion the US economy by 90 billion and the rest of the world by 100 billion 5 Talks began in July 2013 and reached the third round of negotiations by the end of that year 5 American economist Dean Baker of the Center for Economic and Policy Research observed that with conventional trade barriers between the US and the EU already low the deal would focus on non conventional barriers such as overriding national regulations on fracking GMOs and finance but also tightening laws on copyright He goes on to assert that with less ambitious projections the economic benefits per household are unimpressive If we apply the projected income gain of 0 21 to the projected median personal income in 2027 it comes to a bit more than 50 a year That s a little less than 15 cents a day Don t spend it all in one place 10 A 2018 paper by KU Leuven economists estimated that a deep free trade agreement such as TTIP between the United States and the European Union would increase EU GDP by 1 3 and US GDP by 0 7 76 These gains would primarily be the result of reductions in non tariff barriers to trade 76 Criticism and opposition edit nbsp Greenpeace opened a transparent public reading room for TTIP documents at Brandenberg Gate Berlin Germany nbsp The STOP TTIP CETA demo in Berlin in October 2015 had around 250 000 participants 77 78 nbsp Stop TTIP protests in Barcelona Spain 18 April 2015 nbsp Anti TTIP demonstration in Hannover Germany 23 April 2016 nbsp The Stop TTIP CETA protest in Brussels Belgium 20 September 2016Secrecy of content and negotiations edit The content of the drafts of agreement as well as the reports on negotiation rounds are classified from the public an arrangement that The Independent criticised as secretive and undemocratic 16 As noted above elected representatives may only view the texts in a secure reading room in Brussels to avoid any further leaks of information about TTIP negotiations into the public domain To answer the criticism and months after their leaks by Greenpeace the European Commission has made negotiation documents public including all EU proposals in the regulatory and rules components of the agreement 64 79 80 The Trade Commissioner has described the negotiations as the most transparent trade talks ever conducted by the EU 81 Potential negative impacts edit Politics economy and society edit The Guardian described TTIP as the most controversial trade deal the EU has ever negotiated 18 TTIP negotiations are criticized and opposed by some unions charities NGOs and environmentalists particularly in Europe 14 15 The Independent summarizes the negative impact of TTIP as reducing the regulatory barriers to trade for big business things like food safety law environmental legislation banking regulations and the sovereign powers of individual nations 16 or more critically as an assault on European and US societies by transnational corporations 16 German economist Max Otte stated that the proposed ISDS court of arbitration and protection of foreign investment would mean a complete dis empowerment of politics 19 and that regarding labour economics free trade agreements typically enforce lower standards and that TTIP would put European workers into direct competition with Americans and in effect because of the North American Free Trade Agreement with Mexicans which would impact European social models 19 Otte also concluded We really don t want the social system of these countries United States and Mexico here in Europe 19 An October 2014 study by Jeronim Capaldo of the Global Development and Environment Institute at Tufts University indicates that there will be losses in terms of net exports net losses in terms of GDP loss of labour income job losses reduction of the labour share loss of government revenue and higher financial instability among European countries 82 Labour standards workers rights and job security edit Anti poverty group Global Justice Now asserts that TTIP would undermine job security as well as current minimum labour standards agreed in the EU 83 British Labour Party politician John McDonnell Shadow Chancellor of the Exchequer has described TTIP as resulting in a huge transfer of powers to Brussels and corporate interests that will bring about a form of modern day serfdom 83 According to a European Parliament report impacts on labour conditions range from job gains to job losses depending on economic model and assumptions used for predictions 11 In spite of a study by the Munich based Ifo Institute for Economic Research on behalf of the German Federal Ministry of Economics claiming that up to 400 000 jobs could be created in the EU by TTIP 84 Stefan Korzell national board member of the Confederation of German Trade Unions DGB has said Whether TTIP can create jobs and how many and where is unclear Previous studies ranging from those conducted by the European Commission across to the expertise of the Ifo Institute fluctuate between optimism and very low expectations Consideration of the negative consequences trade agreements can have if environmental or labour standards are ignored is often omitted As of August 2015 the US had ratified two prohibitions of child labour and slavery of the eight ILO core labour standards 85 Democracy and national sovereignty foreign investor protection edit Investor state dispute settlement ISDS is an instrument that allows an investor to bring a case directly against the country hosting its investment without the intervention of the government of the investor s country of origin 86 From the late 1980s certain trade treaties have included provisions for ISDS that allow foreign investors who claim to have been disadvantaged by actions of a signatory state to sue that state for damages in a tribunal of arbitration More recently such claims have increased in number and value 87 and some states have become increasingly resistant to such clauses 88 Critics of TTIP say that ISDS provisions undermine the power of national governments to act in the interests of their citizens 14 that TTIP could even undermine the democratic authority of local government 17 and that it threatens democracy 89 France and Germany have said that they want access to investor state dispute settlement removed from the TTIP treaty 90 In December 2013 a coalition of over 200 environmentalists labor unions and consumer advocacy organizations on both sides of the Atlantic sent a letter to the USTR and European Commission demanding the investor state dispute settlement be dropped from the trade talks claiming that ISDS was a one way street by which corporations can challenge government policies but neither governments nor individuals are granted any comparable rights to hold corporations accountable 91 92 Some point out the potential for abuse that may be inherent in the trade agreement due to its clauses relating to investor protection 93 94 A recent study shows that investor state dispute settlement ISDS indeed generates strikingly large and consistent opposition to the trade agreement and this effect of dispute settlement characteristic cuts across individuals key attributes including skill levels information and national sentiment which have been viewed as key determinants of trade attitudes 95 In December 2013 Martti Koskenniemi Professor of International Law at the University of Helsinki warned that the planned foreign investor protection scheme within the treaty similar to World Bank Group s International Centre for Settlement of Investment Disputes ICSID would endanger the sovereignty of the signatory states by allowing for a small circle of legal experts sitting in a foreign court of arbitration an unprecedented power to interpret and void the signatory states legislation 96 Faced with such broad and vociferous criticism ISDS was abandoned in September 2015 in its place the European Commission proposed an Investment Court System ICS 97 98 Not long afterwards ICS was declared illegal by the German Association of Magistrates 99 though the commission dismissed the magistrates judgement as based on a misunderstanding 100 For its part the United States wants ISDS reinstated 100 In February 2016 Labour UK leader Jeremy Corbyn said that human rights should be part of TTIP describing TTIP as a threat to national sovereignty workers consumers health and the environment 101 Public health and environment edit According to a report in The Guardian TTIP draft leaked in 2016 shows irreconcilable differences between EU and the US in some areas with the US demanding that EU compromise its environmental consumer protection and public health standards 13 Consumer protection and food safety edit See also European Food Safety Authority Regulation of genetically modified organisms in the European Union and Pesticide regulation in the United States Documents released in May 2015 showed that US negotiators had pressured the EU over proposed pesticide criteria A number of pesticides containing endocrine disrupting chemicals were forbidden in draft EU criteria On 2 May 2013 US negotiators insisted the EU drop the criteria They stated that a risk based approach should be taken on regulation Later the same day Catherine Day Secretary General of the European Commission wrote to Karl Falkenberg Director General for the Environment asking for these criteria to be removed 102 As of 2015 update 82 pesticides used in the US were banned in Europe and US animal welfare standards are generally lower than those in Europe 103 A columnist in The Guardian stated that food safety in the EU might be compromised because of low or different standards in US food regulations 14 if currently EU banned food were allowed to be imported 83 In June 2015 the BBC reported that food safety had become a stumbling block because of differing US and EU attitudes to genetically modified crops pesticides endocrine disrupting chemicals growth promoting hormones in beef and pathogen reduction treatments of chicken that cause public health concerns for consumers and put European farmers at a cost disadvantage 103 Ban on animal testing in the EU has been described by The Guardian as irreconcilable with the US approach 13 Environment protection and climate change edit See also Environmental policy of the European Union Climate change mitigation and Politics of global warming A draft of the sustainable development section of TTIP was leaked to The Guardian in October 2015 Asked to comment on the document a French environmental attorney described the proposed environmental safeguards as virtually non existent by comparison with the protection granted to investors and that environmental cases accounted for 60 of the 127 ISDS cases already brought against EU countries under bilateral trade agreements in the last two decades according to Friends of the Earth Europe 104 According to Joseph E Stiglitz TTIP could have a chilling effect on regulation and thus undercut urgently needed action on climate that the Paris agreement requires He says that industries that do not pay for the social costs of pollution in effect receive hidden subsidies and that TTIP would give companies many more opportunities to sue governments over environmental protection mechanisms 105 The draft energy chapter of the TTIP was leaked to The Guardian in July 2016 106 According to The Guardian this draft could sabotage European efforts to implement mandatory energy savings measures and to favor the switch to renewable electricity generation The draft text obliges the two trade blocs to foster industry self regulation of energy efficiency requirements for goods where such self regulation is likely to deliver the policy objectives faster or in a less costly manner than mandatory requirements 106 The draft also mandates that operators of energy networks grant access to gas and electricity on commercial terms that are reasonable transparent and non discriminatory including as between types of energy 106 This would open feed in tariff schemes to commercial challenge including that used by Germany The Green MEP Claude Turmes stated These proposals are completely unacceptable They would sabotage EU legislators ability to privilege renewables and energy efficiency over unsustainable fossil fuels This is an attempt to undermine democracy in Europe 106 The EU s draft text for the trade and sustainable development chapter was also leaked to The Guardian in July 2016 107 The draft dated 23 June 2016 and marked restricted reveals new loopholes on a G20 pledge to phase out inefficient fossil fuel subsidies by 2025 The IMF estimates these subsidies run globally at 10 million per minute 108 and G7 ministers pledged to remove them in May 2016 in a meeting in Japan 109 The draft however states that such a phasing out may take into account security of supply considerations 107 The Guardian believes that this passage could be open to abuse and used to slow the phase out of subsidies Banking regulation edit See also Bank regulation in the United States According to critics TTIP could weaken the stricter bank regulations that are governing banks in the United States as part of the financial reforms that followed the financial crisis of 2007 08 16 110 Intellectual property and privacy edit See also Mass surveillance in the United States and Internet censorship in the United States Critics of TTIP argue that its proposals on intellectual property and user privacy could have a similar effect as the EU rejected Anti Counterfeiting Trade Agreement ACTA 110 The Electronic Frontier Foundation and its German counterpart FFII in particular compared TTIP to the ACTA 111 Activism against TTIP edit nbsp Stop TTIP campaigners hand 3 284 289 signatures to Martin Schulz President of the European Parliament November 2015 In March 2013 a coalition of digital rights organisations and other groups issued a declaration 112 in which they called on the negotiating partners to have TTIP debated in the US Congress the European Parliament national parliaments and other transparent forums instead of conducting closed negotiations that give privileged access to corporate insiders and to leave intellectual property out of the agreement In 2014 an online consultation conducted by the European Commission 113 received 150 000 responses According to the commission 97 of the responses were pre defined negative answers provided by activists 114 115 Additionally hundreds of demonstrations and protests have taken place in an organised day of action on 11 October 2014 116 117 118 and again on 18 April 2015 119 120 121 In February 2016 Greenpeace activists blocked secret talks on the Investment Court System 122 A self organised European Citizens Initiative against TTIP and CETA has also been established acquiring over 3 2 million signatures within a year 21 22 In April 2016 then President Barack Obama visited UK and more than 130 000 people signed a petition organised by political activism group 38 Degrees urging Obama to stop negotiating TTIP 123 The group planned to send an open letter to Obama to urge Obama to oppose the pact saying that TTIP would be a threat to NHS food standards animal welfare and democracy because it gives corporations more power than people 123 Leaks edit In 2016 Greenpeace published 248 pages of classified documents from the TTIP trade negotiations 124 Greenpeace Netherlands said it released the documents to provide much needed transparency and trigger an informed debate on the treaty 125 National objections edit From both the European and American sides of the agreement there were issues which are seen as essential if an accord is to be reached According to Leif Johan Eliasson of Saarland University For the EU these include greater access to the American public procurement market retained bans on imports of genetically modified organisms GMO crops and hormone treated beef and recognition of geographic trademarks on food products For the United States they include greater access for American dairy and other agricultural products including scientific studies as the only accepted criteria for SPS policies He observes that measures like the EU ban on hormone treated beef based as they are on the precautionary principle are not considered by the WTO to be based on scientific studies Eliasson further states that US objectives in a deal include tariff free motor vehicle exports and retained bans on foreign contractors in several areas including domestic shipping see Merchant Marine Act of 1920 126 Already some American producers are concerned by EU proposals to restrict use of particular designations also known as PDO or GI geographical indications that the EU considers location specific such as feta and Parmesan cheeses and possibly Budweiser beer 127 128 This has provoked debate between European politicians such as Renate Kunast and Christian Schmidt over the value of the designations 129 At French insistence trade in audio visual services was excluded from the EU negotiating mandate 130 The European side has been pressing for the agreement to include a chapter on the regulation of financial services but this is being resisted by the American side which passed the Dodd Frank Act in this field 131 US Ambassador to the European Union Anthony L Gardner has denied any linkage between the two issues 132 European negotiators are pressed the United States to loosen its restrictions on the export of crude oil and natural gas to help the EU reduce its dependence on energy from Russia 133 Response to criticism edit Karel De Gucht responded to criticism in a Guardian article in December 2013 134 saying The commission has regularly consulted a broad range of civil society organisations in writing and in person and our most recent meeting had 350 participants from trade unions NGOs and business and that no agreement will become law before it is thoroughly examined and signed off by the European parliament and 29 democratically elected national governments the US government and 28 in the EU s council 135 However the Corporate Europe Observatory cited in the original Guardian article had pointed out based on a Freedom of Information request that more than 93 of the Commission s meetings with stakeholders during the preparations of the negotiations were with big business They characterized the industry meetings as about the EU s preparations of the trade talks and the civil society consultation as an information session after the talks were launched 136 Effect on third party countries edit nbsp A possible future Transatlantic Free Trade Area the United States and European Union in dark blue and the other possible members in light blue USMCA and EFTA In early 2013 Canadian media observers had speculated that the launch of TTIP talks put pressure on Canada to secure ratification of its own three year long FTA negotiations with the EU by the close of 2013 137 Countries with customs agreements with the EU like Turkey s could face the prospect of opening their markets to American goods without access for their own goods without a separate agreement with the United States 138 Reports editVarious groups have produced reports about the proposed agreement including The Politics of Transatlantic Trade Negotiations TTIP in a Globalized World 2015 ISBN 9781472443649 The Transatlantic Trade and Investment Partnership Ambitious but Achievable A Stakeholder Survey and Three Scenarios April 2013 ISBN 978 1 61977 032 4 139 TTIP and the Fifty States Jobs and Growth from Coast to Coast September 2013 ISBN 978 1 61977 038 6 140 The Transatlantic Colossus Global Contributions to Broaden the Debate on the EU US Free Trade Agreement December 2013 ISBN 978 3 00 044648 1 141 The Transatlantic Trade and Investment Partnership A Charter for Deregulation An Attack on Jobs An End to Democracy February 2014 142 See also editTrade agreements edit Anti Counterfeiting Trade Agreement ACTA Comprehensive Economic and Trade Agreement CETA Trans Pacific Partnership TPP Transatlantic Free Trade AreaTrade topics edit Copyright infringement Digital rights Investor state dispute settlement Trade in Services Agreement TISA United States European Union relationsReferences edit Karel de Gucht Foreword in Jean Frederic Morin Tereza Novotna Frederik Ponjaert and Mario Telo The Politics of Transatlantic Trade Negotiations TTIP in a Globalized World Routledge 2015 p xvii Erlanger Steven 26 July 2018 Europe Averts a Trade War With Trump But Can It Trust Him The New York Times Retrieved 28 July 2018 Swanson Ana Ewing Jack 26 July 2018 Trump s Trade Truce With Europe Has a Familiar Feel It Mirrors Obama s Path The New York Times Retrieved 28 July 2018 European Commission Negotiations and Agreements Transatlantic Trade and Investment Partnership a b c Transatlantic Trade and Investment Partnership TTIP Trade European Commission Retrieved 21 February 2014 a b c d e Bollyky Thomas J and Anu Bradford 10 July 2013 Getting to Yes on Transatlantic Trade Foreign Affairs Retrieved 22 July 2013 Rosenberg Tina 4 November 2007 The Perils of Petrocracy The New York Times Retrieved 5 October 2014 Mark Weisbrot co director of the Center for Economic and Policy Research a left leaning Washington policy group Sussman Anna Louie 7 September 2015 Are Women the New Face of Organized Labor The Wall Street Journal Retrieved 20 September 2015 Fox Maggie 24 July 2013 Obamacare won t slash workers hours report finds NBC News Retrieved 31 October 2014 a b The Guardian 15 July 2013 The US EU trade deal Don t buy the hype Retrieved 24 August 2013 a b Susanne Kraatz The Transatlantic Trade and Investment Partnership TTIP and Labour European Parliament a b c d e f TTIP controversy Secret trade deal can only be read in secure reading room in Brussels The Independent Retrieved 23 September 2015 a b c Arthur Neslen Leaked TTIP documents cast doubt on EU US trade deal The Guardian 1 May 2016 a b c d Stuart Jeffries What is TTIP and why should we be angry about it The Guardian Published on 3 August 2015 a b Leo Cendrowicz 22 April 2015 Europeans Fight U S Trade Deal With Fear of McHospitals Fracking Under Eiffel Tower The Daily Beast Retrieved 14 July 2015 a b c d e f Lee Williams What is TTIP And six reasons why the answer should scare you The Independent 6 October 2015 a b Tim Smedley TTIP what does the transatlantic trade deal mean for renewable energy The Guardian 5 August 2015 a b Jennifer Rankin Meet the Swedish politician ready to play hardball with the UK on Brexit The Guardian 27 August 2016 a b c d TTIP Vollige Entmachtung der Politik 3sat Published on 8 April 2016 Homepage European Citizens Initiative European Commission a b Jeffries Stuart 3 August 2015 What is TTIP and why should we be angry about it The Guardian Retrieved 23 February 2016 a b Do the CETA CHECK Hope and no change After Barack Obama s re election it is time to push for transatlantic free trade The Economist 10 November 2012 Retrieved 18 March 2013 Final Report High Level Working Group on Jobs and Growth PDF European Commission Retrieved 18 March 2013 Trans Atlantic Free Trade Merkel for EU Agreement with US Spiegel Online Der Spiegel 2 October 2006 Retrieved 21 February 2014 A Transatlantic Free Trade Area ecipe org Archived from the original on 16 January 2010 Kanter James Ewing Jack 13 February 2013 A Running Start for a U S Europe Trade Pact The New York Times Retrieved 21 February 2014 Andrew Walker 13 February 2013 EU and US free trade talks launched BBC Retrieved 21 February 2014 Blenkinsop Philip 13 February 2013 EU U S to start free trade talks Reuters Retrieved 21 February 2014 Nominal 2012 GDP for the world and the European Union EU World Economic Outlook Database International Monetary Fund October 2013 Retrieved 8 October 2013 European Commission European Commission Retrieved 25 July 2012 United States Trade European Commission Retrieved 21 July 2020 United States Trade European Commission Retrieved 21 February 2014 a b c d State of Play of TTIP negotiations ahead of the 6th round of negotiations European Commission DG Trade 11 July 2014 a b c d List of lead negotiators for the Transatlantic Trade and Investment Partnership European Commission DG TradeList of lead negotiators for the Transatlantic Trade and Investment Partnership Office of the United States Trade Representative Secret Global Affairs Search Enabled Priority PDF eu secretdeals info Retrieved 28 July 2018 U S Objectives U S Benefits In the Transatlantic Trade and Investment Partnership A Detailed View Archived 19 July 2014 at the Wayback Machine Office of the United States Trade Representative March 2014 von Daniels Justus Orosz Marta 22 February 2016 TTIP EU offered 97 cut on US tariffs secret papers show EUobserver Retrieved 23 February 2016 a b c The Transatlantic Trade and Investment Partnership TTIP explained European Commission DG Trade 8 May 2014 TTIP Draft 02 07 2013 article 1 PDF Keionline org Retrieved 14 July 2015 TTIP Draft 02 07 2013 article 14 1 PDF Keionline org Retrieved 14 July 2015 TTIP Draft articles 24 28 PDF Keionline org Retrieved 14 July 2015 TTIP Draft articles 35 39 PDF Keionline org Retrieved 14 July 2015 TTIP Draft 02 07 2013 articles 51 59 PDF Keionline org Retrieved 14 July 2015 TTIP Draft 02 07 2013 art 52 2 PDF Keionline org Retrieved 14 July 2015 TTIP Draft Negotiations on Investor State Dispute Settlement PDF Keionline org Retrieved 14 July 2015 Commission proposes new Investment Court System for TTIP and other EU trade and investment negotiations The European Commission 16 September 2015 Retrieved 25 April 2016 TTIP Initial EU position paper Cross cutting European Commission Retrieved 14 July 2015 Subsequent more detailed EU position paper leaked December 2013 TTIP position paper on technical barriers European Commission Retrieved 14 July 2015 EU TTIP position on textiles European Commission Retrieved 14 July 2015 EU TTIP position chemicals May 14 European Commission Retrieved 14 July 2015 EU TTIP position on pharma TTIP European Commission Retrieved 14 July 2015 EU TTIP initial position on cosmetics European Commission Retrieved 14 July 2015 EU TTIP position on vehicles European Commission Retrieved 14 July 2015 TTIP position initiale mesures sanitaires et phytosanitaires European Commission Retrieved 14 July 2015 Initial EU position on raw materials and energy 16 July 2013 Leaked EU illustrative text Archived 6 July 2014 at the Wayback Machine 20 September 2013 Leaked 19 May 2014 TTIP Position paper on sustainable development European Commission Retrieved 14 July 2015 TTIP Initial EU position paper public procurement European Commission Retrieved 14 July 2015 Leaked EU analysis of TTIP IPR negotiations Knowledge Ecology International Keionline org 20 March 2014 Retrieved 14 July 2015 Commission publishes state of play of TTIP negotiations ahead of 6th round of talks European Commission DG Trade 11 July 2014 Documents and events Negotiation rounds EU Commission Retrieved 4 August 2015 a b c The Transatlantic Trade and Investment Partnership TTIP State of Play PDF Retrieved 22 November 2016 a b c MPs can view TTIP files but take only pencil and paper with them The Guardian 18 February 2016 Philip Blenkinsop EU U S trade deal seems distant dream after early optimism Reuters 16 June 2015 Bulgaria Will Not Sign TTIP Unless US Lifts Visa Requirements Minister novinite com german economy minister says eu us trade talks have failed Commission publishes state of play report on TTIP Ian F Fergusson Trade Promotion Authority TPA and the Role of Congress in Trade Policy Congress Research Service 15 June 2015 p 9 n 15 Under TPA reciprocal FTAs and multilateral trade agreements that go beyond tariff reductions are treated as congressional executive agreements which require the approval of both houses of Congress Such approval expresses Congress consent to bind the United States to the commitments of the agreement under international law This type of agreement is distinguished from both an executive agreement requiring only presidential action and a treaty requiring a two thirds vote of the Senate Because reciprocal trade agreements typically result in tariff rate revenue changes the House of Representatives is necessarily involved Erlanger Steven 26 July 2018 Europe Averts a Trade War With Trump But Can It Trust Him The New York Times Retrieved 28 July 2018 Swanson Ana Ewing Jack 26 July 2018 Trump s Trade Truce With Europe Has a Familiar Feel It Mirrors Obama s Path The New York Times Retrieved 28 July 2018 European Commission Negotiations and Agreements Transatlantic Trade and Investment Partnership Reducing Transatlantic Barriers to Trade and Investment An Economic Assessment PDF European Commission Archived from the original PDF on 28 December 2013 Retrieved 2 February 2014 Kaeser Joe 2 February 2014 Why a US European trade deal is a win win The Wall Street Journal a b Vandenbussche Hylke Connell William Simons Wouter 23 August 2018 Free trade between the EU and US A match made in heaven VoxEU org Retrieved 24 August 2018 TTIP bringt Rekordzahl von Gegnern auf die Strasse Die Zeit Retrieved 7 August 2016 Dearden Nick 30 May 2016 Think TTIP is a threat to democracy There s another trade deal that s already signed The Guardian Retrieved 7 August 2016 TTIP papers published as EU Ombudsman demands more transparency 7 January 2015 EU negotiating texts in TTIP Trade European Commission LARSSON Joakim 27 April 2016 TTIP the State of Play European Commission European Commission Capaldo Jeronim The Trans Atlantic Trade and Investment Partnership European Disintegration Unemployment and Instability a b c Phillip Inman Prospect of TTIP already undermining EU food standards say campaigners The Guardian 18 October 2015 Topical Terms in Economics Transatlantic Free Trade Agreement Viavision The Transatlantic Trade and Investment Partnership PDF European Commission 3 October 2013 Factsheet on Investor State Dispute Settlement PDF Retrieved 21 February 2014 Recent Developments in Investor State Disputes PDF Unctad org Retrieved 19 November 2014 Economist 11 October 2014 The arbitration game Governments are souring on treaties to protect foreign investors Retrieved 24 April 2015 Michael Robinson Is democracy threatened if companies can sue countries BBC News 31 March 2015 Claire Provost and Matt Kennard The obscure legal system that lets corporations sue countries The Guardian 10 June 2015 Stangler Cole 30 December 2013 The Next Corporate Friendly Trade Pact In These Times Retrieved 21 February 2014 Letter PDF Action sierraclub org Archived from the original PDF on 24 February 2014 Retrieved 21 February 2014 Jones Owen 14 September 2014 The TTIP deal hands British sovereignty to multinationals The Guardian Retrieved 5 November 2014 Schiessl Michaela 23 January 2014 Corporation Carte Blanche Will US EU Trade Become Too Free Spiegel International Retrieved 5 November 2014 Hahm Hyeonho Konig Thomas Osnabrugge Moritz Frech Elena 2019 Who Settles Disputes Treaty Design and Trade Attitudes Toward the Transatlantic Trade and Investment Partnership TTIP International Organization 73 4 881 900 doi 10 1017 S0020818319000249 ISSN 0020 8183 S2CID 211312599 Konttinen Jussi 15 December 2013 Professori Suomen valta saataa lakeja voi vaarantua Helsingin Sanomat in Finnish Sanoma Oyj Retrieved 16 December 2013 Nielsen Nikolaj 16 September 2015 EU proposes new trade court with US EUobserver Retrieved 23 February 2016 From ISDS to ICS A Leopard Can t Change Its Spots PDF Position Paper Greenpeace 11 February 2016 p 1 Retrieved 23 February 2016 Nielsen Nikolaj 4 February 2016 TTIP investor court illegal say German judges EUobserver Retrieved 6 February 2016 a b Nielsen Nikolaj 17 February 2016 EU defends TTIP investor court after German backlash EUobserver Retrieved 23 February 2016 TTIP must include human rights Jeremy Corbyn tells David Cameron H Sheffield The Independent 22 February 2016 EU dropped pesticide laws due to US pressure over TTIP documents reveal The Guardian 22 May 2015 Retrieved 22 May 2015 a b Laurence Peter TTIP talks Food fights block EU US trade deal BBC News 10 June 2015 Nielsen Arthur 23 October 2015 TTIP EU negotiators appear to break environmental pledge in leaked draft The Guardian Retrieved 23 February 2016 Stiglitz Joseph E 23 April 2016 TTIP and Climate Change A Tale of Two Cities from Paris to Hannover Suddeutsche Zeitung Retrieved 11 July 2016 a b c d Neslen Arthur 11 July 2016 Leaked TTIP energy proposal could sabotage EU climate policy The Guardian Retrieved 11 July 2016 a b Neslen Arthur 13 July 2016 TTIP proposal casts doubt on G20 climate pledge leaked EU draft shows The Guardian Retrieved 12 July 2016 Carrington Damian 18 May 2015 Fossil fuels subsidised by 10m a minute says IMF The Guardian Retrieved 12 July 2016 Mathiesen Karl 27 May 2016 G7 nations pledge to end fossil fuel subsidies by 2025 The Guardian Retrieved 12 July 2016 a b Leala Padmanabhan TTIP The EU US trade deal explained BBC News 18 December 2014 Maira Sutton 18 March 2013 Transatlantic Civil Society Declaration Leave Copyright and Patent Provisions Out of TAFTA EFF Retrieved 18 March 2013 IP out of TAFTA citizen org Archived from the original on 20 March 2013 Retrieved 18 March 2013 European Commission launches public online consultation on investor protection in TTIP European Commission 27 March 2014 Retrieved 26 July 2015 EU finds huge skepticism over US trade deal Yahoo News 13 January 2015 Retrieved 21 January 2015 Bauchmuller Michael Gammelin Cerstin Burgerbefragung zu TTIP 97 Prozent dagegen Suddeutsche Zeitung October 11 2014 O11DoA European Day of Action Retrieved 26 July 2015 Home Stop TTIP Stop TTIP Stop TTIP George Monbiot 4 November 2014 The British government is leading a gunpowder plot against democracy The Guardian Thousands across Europe protest against TTIP euractiv com 20 April 2015 Retrieved 27 July 2015 TTIP protests 17 18 April 2015 Lewisham PeopleBeforeProfit Retrieved 27 July 2015 via YouTube TTIP Aktionstag in Mainz 18 April 2015 Retrieved 27 July 2015 via YouTube Greenpeace activists block secret TTIP talks Greenpeace EU Unit 22 February 2016 Retrieved 23 February 2016 a b TTIP More than 130 000 people urge Barack Obama to kill controversial trade deal during UK visit R Revesz The Independent 19 April 2016 Read the secret TTIP papers here Neslen Arthur 1 May 2016 Leaked TTIP documents cast doubt on EU US trade deal The Guardian Leif Johan Eliasson What is at stake in the Transatlantic Trade and Investment Partnership TTIP Assessing challenges and possible compromises Saarland University 10 July 2014 Food names Stressed are the cheesemakers Europeans want their food names back Americans are peeved The Economist 19 July 2014 Beer from Ceske Budejovice Budweis Czech Republic has Protected Geographical Indication Budweiser Budvar is already party to a trademark dispute with Anheuser Busch InBev over which has the right to use the term Germans fret about Kentucky Fried Bratwurst under TTIP EurActiv EU News amp policy debates across languages 7 January 2015 TTIP and Culture European Commission DG Trade 16 July 2014 EU US clash over financial services in TTIP EurActiv 15 May 2014 US Ambassador Beyond growth TTIP must happen for geostrategic reasons EurActiv 16 July 2014 Zach Carter and Kate Sheppard Read The Secret Trade Memo Calling For More Fracking and Offshore Drilling Huffington Post 19 May 2014Lidia Pillis A leaked document shows just how much the EU wants a piece of America s fracking boom Washington Post 8 July 2014David J Unger Europe at TTIP talks Open the US energy spigot Christian Science Monitor 15 July 2014 The Guardian 2 December 2013 The lies behind this transatlantic trade deal Retrieved 1 January 2015 The Guardian 18 December 2013 You re wrong George Monbiot there is nothing secret about this EU trade deal Retrieved 2 February 2014 Corporate Europe Observatory 4 September 2013 European Commission preparing for EU US trade talks Retrieved 14 April 2015 Barrie Mckenna And Bertrand Marotte 13 February 2013 Potential US EU free trade union puts the squeeze on Canada The Globe and Mail Toronto Retrieved 21 February 2014 Transatlantic alliance to cost Turkey 20 billion ECONOMICS Hurriyet Daily News 13 September 2011 Retrieved 21 February 2014 Barker Tyson and Garrett Workman The Transatlantic Trade and Investment Partnership Ambitious but Achievable A Stakeholder Survey and Three Scenarios Atlantic Council Bertelsmann Foundation Retrieved 18 May 2014 Barker Tyson Anne Collett and Garrett Workman TTIP and the Fifty States Jobs and Growth from Coast to Coast PDF Atlantic Council Bertelmanns Foundation Retrieved 18 May 2014 a href Template Cite web html title Template Cite web cite web a CS1 maint multiple names authors list link Berlin Forum on Global Politics Internet amp Society Collaboratory FutureChallenges org 15 January 2014 The Transatlantic Colossus Global Contributions to Broaden the Debate on the EU US Free Trade Agreement Retrieved 3 February 2015 a href Template Cite web html title Template Cite web cite web a author has generic name help CS1 maint multiple names authors list link A Charter for Deregulation An Attack on Jobs An End to Democracy PDF Rosa Luxemburg Stiftung Brussels Office Retrieved 19 November 2014 External links edit nbsp Wikimedia Commons has media related to Transatlantic Trade and Investment Partnership What exactly is the Trans Atlantic Trade and Investment Partnership Video produced by DW Deutsche Welle Official sites edit EU negotiations site EU negotiating texts in TTIP European Commission DG Trade In focus Transatlantic Trade and Investment Partnership TTIP USTR Transatlantic Trade and Investment PartnershipDiscussion and analysis edit The Politics of Transatlantic Trade Negotiations by Jean Frederic Morin Tereza Novotna Frederik Ponjaert and Mario Telo Routledge 2015 Towards an EU US trade and investment deal European Parliamentary Research Service 11 July 2014 UK House of Lords European Union Committee The Transatlantic Trade and Investment Partnership report published 6 May 2014 UK House of Commons Business Innovation and Skills Select Committee Transatlantic Trade and Investment Partnership HC804 report published 25 March 2015 noted that there were varying opinions on which aspects of TTIP would be beneficial and to what extent paragraph 7 The Transatlantic Colossus Global Contributions to Broaden the Debate on the EU US Free Trade Agreement A collaborative publication with over 20 articles on the global implications of the TAFTA TTIP Berlin Forum on Global Politics December 2013 The Transatlantic Trade and Investment Partnership Defensive Move or Constructive Engagement A Research Based Documentary placing the TTIP negotiations in a global context produced by the Institut d Etudes Europeennes of the Universite Libre de Bruxelles 19 March 2014 The Transatlantic Trade and Investment Partnership A Charter for Deregulation an Attack on Jobs an End to Democracy Rosa Luxemburg Stiftung Brussels Office February 2014 Free Trade Project of the Powerful Rosa Luxemburg Stiftung Brussels Office May 2014 Politics at a standstill Katapult Magazine 11 March 2014 TTIP Are 40 Cents a Day Big Gains Center for Economic and Policy Research August 2015Websites edit TTIP What lies beneath European Parliament Greens EFA Group TTIP American Chamber of Commerce to the European Union The Trans Atlantic Free Trade Agreement TAFTA Public Citizen US No TTIP UK umbrella organisation EU US Trade amp Investment British American Business backers of the UK All Party Parliamentary Group for EU US Trade amp Investment Trade Leaks TTIP negotiation documents Portals nbsp European Union nbsp United States nbsp Politics nbsp Economy Retrieved from https en wikipedia org w index php title Transatlantic Trade and Investment Partnership amp oldid 1213906838, wikipedia, wiki, book, books, library,

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