EVERYTHING YOU NEED TO KNOW ABOUT TTIP

 

Latest developments on TTIP negotiations (experts from TTIP actions from Atlantic Council)

 

Upcoming Round of TTIP Talks 

The Office of the United States Trade Representative has formally announced the 15th round of TTIP negotiations will occur in New York, New York between October 3-7. Please follow this link for more details regarding the agenda.

If you want to brush up on your knowledge of TTIP ahead of the 14th round, check out the European Commission’s overview here.

Malmström, Froman Meet to Progress TTIP Negotiations
“We had a good meeting where we reviewed the substantial progress being made and discussed next steps for moving forward. We have directed our teams to make as much progress as possible during the next round, scheduled for the week of October 3 in New York.”

EU Trade Commissioner Cecilia Malmström and US Trade Representative Michael Froman met last Thursday, September 15, to discuss the appropriate next steps to progress trade negotiations forward regarding TTIP. Commissioner Malmström and Ambassador Froman planned this meeting in preparation for the 15th round of TTIP negotiations set for October 3-7 in New York City. (European Commission)

 

Malmström on CETA 

“CETA is, and I dare to say that, the best trade agreement the EU has ever negotiated. It will benefit consumers, workers and entrepreneurs across Europe and in Canada. And it will demonstrate that Europe and Canada mean what we say, when we say we want a trade policy that its progressive and upholds our shared values.”
Ahead of last week’s meeting of EU Trade Ministers in Bratislava, EU Trade Commissioner Cecilia Malmström participated in a Civil Society Dialogue on the benefits for citizens of CETA, where over 130 organizations registered to participate. In her introductory remarks she underlined both the significant economic benefits of CETA and the fact that it is a highly progressive agreement with a progressive partner, Canada, that shares many of the European Union’s values. ( European Commission)

Ahead of her meetings in Bratislava for days filled with EU trade policy discussions, Commissioner Malmström has published a blog entry, previewing the elements that she envisions to be part of the debate.

 

12 EU Member States Write Letter Strongly Backing TTIP
Ministers of 12 EU member states signed a letter to EU Trade Commissioner Cecilia Malmström in support of continuing TTIP negotiations until successful ratification of the deal. The signers of the letter insisted that TTIP would provide an opportunity to shape modern trade rules and should be fully seized. (Reuters)

Business Representatives Defend TTIP

Head of Government Affairs in Europe for  Siemens Clemens Betzel, speaking on behalf of the EU business community, addresses the myth that TTIP will only benefit large corporation and lobbyist groups. According to Betzel, TTIP will make it easier for small and medium enterprises to export, and negotiations should continue until trade negotiators on both sides of the Atlantic have reached an ambitious and comprehensive agreement. (Parliament Magazine)

Business Representatives Regret that TTIP Has Been Heavily Politicized 

During a press conference organised by the Business Alliance for TTIP in Brussels last week, business representatives insisted that TTIP negotiations should not depend on the political calendar, regretting the lack of political leadership in support of free and open trade in some European member states. Asked about the role of business in public discussions on TTIP,  Alberto Abruzzini, CEO at EuroChambres, admitted that “more should be done” to debunk all myths about TTIP ” but at the same time cautions that “companies supporting free trade are often accused in Europe that they only serve their own interests.” (ViEUws) – Subscription only-

 

Malmström Answers Tough Questions on TTIP

In an interview with German newspaper BILD  on the same day thousands of people convened in multiple cities in Germany to protest TTIP, EU Trade Commissioner Cecilia Malmström sheds light on what critics have gotten wrong about TTIP. Contrary to public criticism, Commissioner Malmström insists that TTIP negotiations have been the most transparent trade deal negotiations. (Bild)


TTIP Talks Lack EU Member States Leadership

In this critical analysis for the Wall Street Journal, current CEO and president of the United States Council for International Business Peter Robinson along with the former president Thomas Niles blame the opposition of EU member state leaders to TTIP as an obstacle to TTIP ratification. That said, according to Robinson and Niles, all hope is not lost as long as EU and US trade negotiators show courage and vision in future negotiating rounds. (Wall Street Journal)

The Changing Trade Landscape: Trade Agreements, Globalization and Inequality
In this interview with Anabel Gonzalez, the senior director for the World Bank Group’s Trade & Competitiveness Global Practice offers her views on mega-regional trade agreements, the role of trade in reducing inequality, and the importance of international cooperation and domestic policies in making globalization work for all. (World Bank)

Upcoming Round of TTIP Talks 

The fourteenth round of TTIP negotiations will take place in Brussels from July 11 to 15. European Union and United States chief negotiators will provide a detailed brief and engage stakeholders on the status of the negotiations on the 13th. The European Commission will answer press questions following the conclusion of the talks on the 15th. (European Commission)

If you want to brush up on your knowledge of TTIP ahead of the 14th round, check out the European Commission’s overview here.

Malmström in Washington: “We need highly ambitious trade agreements”

“The UK will participate as one of the 28 Member States on who’s behalf we are negotiating the TTIP negotiations, until they are no longer a member.  When it comes to TTIP, the rationale of TTIP remains as strong today as it was last Thursday.” 
In a speech at the Atlantic Council in Washington DC, EU Trade Commissioner Cecilia Malmström stressed that the rationale for TTIP remains strong, and that negotiations are moving forward with the ambition to conclude during the current US presidential administration. The recent UK vote on EU Membership has not affected the underpinning reasons for why trade across the Atlantic should be made easier. ( European Commission) Read the speech here.

Froman Reiterates Economic Importance of TTIP

“The importance of trade and investment is indisputable in our relationships with both the European Union and the United Kingdom. The economic and strategic rationale for TTIP remains strong.” 

 

United States Trade Representative Michael Froman reaffirmed that TTIP and trade relations with the European Union would continue. On the other hand, a UK-US trade agreement is likely years away at best. The United Kingdom first needs to figure out its own trade stance with the European Union before doing so with the United States. (Financial Times)

 

Brexit Could Spur TTIP On

Fred Bergsten, Senior Fellow and Director Emeritus of the Peterson Institute for International Economics , believes that European officials will be eager to conclude TTIP negotiations in order to punish the United Kingdom for leaving the European Union and gain an economic advantage over it. (The Hill)

 

The State of TTIP talks

After the conclusion of the 13th round of TTIP negotiations in New York last week, the European Commission released a helpful infographic indicating the status of negotiations topic- by- topic.  For a more in depth look at the progress of negotiations, check out the Commission’s “State of Play” report here

 

Conclusion of the 13th TTIP Negotiation Round: Statement by Ignacio García Bercero

“Let me say again what I have before: the United States has no interest in a “T-TIP Light.”  That would not fulfill the economic promise of the ambitious agreement we are seeking, and it would not pass muster with our stakeholders or our Congress. “ – US Chief Negotiator for TTIP, Daniel Mullaney

“The round was a bridging round, between the huge amount of technical work we have already done, and the task we now face of  creating joint texts and finding compromises where necessary, in particular in the regulatory and rules pillars.” – EU Chief Negotiator for TTIP, Ignacio García Bercero

 

The 13th round of TTIP negotiations concluded last Friday in New York. The chief negotiators of both sides believe that there remains sufficient time to complete an ambitious, comprehensive, and high-standard TTIP agreement in 2016, if they continue their intensive engagement and they mobilize the necessary political will, effort, and determination on both sides. ( United States Trade Representative)

 

Negotiating TTIP

“I am simply not in the business of lowering standards.” – European  Trade Commissioner Cecilia Malmström

 

In response to the supposed “TTIP document leaks” by Greenpeace earlier this week, Commissioner Malmström wrote a blog post in which she emphasizes that contrary to what many seem to believe, so-called “consolidated texts” in a trade negotiation are not the same thing as an outcome. ” They reflect each side’s negotiating position, nothing else. And it shouldn’t come as a surprise that there are areas where the EU and the US have different views“. She emphasized that “Any EU trade deal can only change regulation by making it stronger.” (European Commission)

 

10 Arguments for TTIP and the concerns to address

This week the Atlantic Council  released a report co-authored by Andrea Montanino, Director of the Atlantic Council’s Global Business and Economic’s Program, and Atlantic Council Non-Resident Senior Fellow and Career Ambassador, Earl Anthony Wayne, titled Ten Arguments for TTIP and the Concerns to Address . The report makes the case for TTIP by highlighting the ten largest benefits the agreement has to offer, but also provides concrete recommendations on how to overcome the outstanding points of contention to the agreement. The report is the first publication of the Atlantic Council’s recently launched EuroGrowth Initiative. (Atlantic Council)

 

The Twelfth Round of TTIP Negotiations: Public Report – March 2016

“Parties agreed on accelerating their work between negotiating rounds with a view to picking up the pace of negotiations at large. Two additional fully fledged negotiation rounds are planned between now and the summer break. The pivotal and overarching objective is to negotiate an ambitious, high standard TTIP agreement that responds to both EU and US interests.” – European Commission

 

The European Commission published their report of progress made during the 12th round of TTIP negotiations held in Brussels in February. As part of the  overall intensification of talks, this round stretched into a second week as the United States and the European Union exchanged government procurement offers and continued discussions on rules of origin as well as intellectual property rights. The negotiators particularly focused on two of the three pillars of the agreement: regulatory cooperation and rules. ( European Commission)

 

Two Rounds of TTIP Negotiations before Summer 2016
In the 12th round of TTIP negotiations, the negotiating parties agreed on accelerating their work between rounds with a view to picking up the pace of negotiations at large. Two additional fully fledged negotiation rounds are planned between now and the summer break, with the next round most likely for the end of April. The pivotal and overarching objective is to negotiate an ambitious, high standard TTIP agreement that responds to both European Union’s and US interests. The European Union reiterated its intention to ensure substantial progress be made in all three pillars of the agreement by the summer break. (European Commission)

 

Analyses, studies, comments and positions on TTIP

TTIP Beyond the Beltway: American Perspectives

“TTIP Beyond the Beltway: American Perspectives” is a cumulative report by the Bertelsman Foundation presenting the findings of research conducted through a series of town hall-style meetings in five different states in every corner of America. The project convened EU and US trade representatives with local stakeholders all across the country. It concluded that rather than being for or against the agreement, general awareness of TTIP beyond the DC beltway is low- overcoming that may be just as important as concluding negotiations. (Bertelsmann Foundation)

Not Your Parents’ Trade Politics: The TTIP Negotiations

Dr. Alasdair Young, the Co-Director of the Center for European and Transatlantic Studies at Georgia Tech University, authored the report “Not your Parents’ Trade Politics”, highlighting that the politics associated with the TTIP negotiations are distinctive from those of other PTAs in two ways: the prominence of transnational business alliances and the vigor of civic interest opposition. Moreover, these distinctive features of TTIP trade  politics are at odds with the dominant IPE account of trade politics, which focuses on national  contestation between export-oriented and import-competing firms. (Taylor & Francis Group)

The Transatlantic Trade and Investment Partnership: Big Opportunities for Small Business  (experts from TTIP actions from Atlantic Council)

New study highlights benefits of transatlantic trade agreement for small businesses in Europe and the United States Small and medium-sized enterprises (SMEs) in both the United States and European Union stand to gain significantly from the implementation of an ambitious Transatlantic Trade & Investment Partnership (TTIP). Using data from a targeted survey and interviews conducted with SME executives on both sides of the Atlantic, The Transatlantic Trade and Investment Partnership: Big Opportunities for Small Business cites three core challenges for SMEs as they begin exporting: a lack of clarity on how to get started, problems finding the right clients, and a confusing mix of regulatory differences and contradictory registration requirements between the United States and the European Union.

To read more about the opportunities for Small and Medium Enterprises in TTIP, check out the Atlantic Council report “Big Opportunities for Small Business” here.

TTIP

Why TTIP is Stuck in the Muck

According to Rod Hunter writing for Politico , the root of some of the obstacles in the ongoing TTIP negotiations are the underlying differences in the US and EU regulatory systems; National officials from EU member states tend to adopt a politicized regulatory approach and micro-manage outcomes. The author suggests “To unlock the potential of TTIP, this basic problem in the EU regulatory process needs to be addressed.  The EU should expand transparency and public participation and, critically, liberalize rules allowing interested parties – whether businesses or activist groups – to challenge executive rules.” (Politico)

TTIP, the Bullied Kid of Twitter

The unfortunate reality of the social media world’s opinion of TTIP, TPP, and CETA is not good.  This analysis, conducted by Sabina Maria Ciofu and Nicolae Stefanuta, indicates that anti-TTIP tweets make up 99% of all tweets about TTIP over the month of October 2015.  However, the majority of negative tweets were sent in the context of large anti TTIP rallies held in October, and have greatly leveled off. The authors suggest that there is a great opportunity for the pro-TTIP community to debunk fearful myths and increase understanding for the agreement through the establishment of a constructive, easy-to-grasp, engaging, and honest communication strategy. ( Georgetown Public Policy Review)

How Obama Can Revive His Stalling Trade Pacts

Writing for the Wall Street Journal,  Robert Zoellick, former president of the World Bank, highlights major obstacles facing ongoing TTIP negotiations and offers some solutions to get past them.  Despite facing a divided US Congress in an election year, the Obama administration can still make strides on TTIP, particularly if the negotiators agree on a phased elimination of almost all tariffs, principles of sound regulation, and minimize duplication while assuring their citizens that the United States and the European Union will retain sovereign autonomy and accountability. (The Wall Street Journal)

A Strong Transatlantic Relationship on the Basis of TTIP is in the United Kingdom’s Interest 

Robert Heslop, author for OneEurope,  writes that a comprehensive TTIP would ensure that the European Union and the United States remain at the center of the global economy, at a time when rising powers seek to challenge the current international order. The author further argues that because of the economic and geopolitical opportunities stemming from TTIP, the United Kingdom must not only remain in the European Union but also play a leading role in securing a successful and comprehensive deal between the United States and the European Union. (London School of Economics)

No Deal On TTIP? The Big Losers Are Small and Medium Enterprises (SMEs) and Consumers

Writing for the Alliance for Responsible Commerce, Kevin McNamara talks about the  tangible economic benefits from TTIP for entrepreneurs. In order to return to economic growth,  to re-balance regional economies across Europe, and to encourage entrepreneurship, he recommends the United Kingdom to speak out for a free trade deal that works for SMEs and consumers across Europe and the United States.  He concludes that the biggest disservice to the start-ups and culture of entrepreneurship within the United Kingdom would be a continuation of the sort of misinformation and scaremongering that has characterized the TTIP debate so far. (Alliance for Responsible Commerce)

Boosting Growth and Forming a True Transatlantic Community

James Cicconi, Senior Executive Vice President External and Legislative Affairs for AT&T, writes for New Europe, predicting 2016 to be intense both from a political and from a trade perspective. He insists that g iven the inherent strength of both the US and the EU economies, the transatlantic community should not accept the low GDP growth rates that have become the new normal.  Both sides should look to the TTIP to improve the global economy and strengthen the transatlantic community, so that both partners can better weather the crises that challenge their political and economic institutions. (New Europe)

If you want to get a great overview of the opportunities that TTIP would bring to each US state individually, check out the report “TTIP and the 50 States“, by the Atlantic Council, the Bertelsmann Foundation and the British Embassy in Washington. The page also offers an overview on the congressional district level and elaborates on 14 key sectors.

With all the misinformation that has been circulating on TTIP, read this great fact sheet by the European Commission on the “Top 10 Myths about TTIP“- separating fact from fiction.

The Juncker Commission: One Year on

The European Commission released a series of documents looking at the progress the Commission has made in each of its ten priority areas in its first year under Commission President Juncker. Specifically on TTIP, the Commission’s release emphasized its commitment to concluding a comprehensive agreement with the United States, the steps the Commission has taken to make negotiations as transparent as possible, and a timeline for the negotiations going forward. (European Commission)

All of the Commission’s documents on the 10 priorities going forward can be found here.

The TTIP: The Sluggish State of Negotiations

This analysis from the European Parliament looks at the current state of negotiations in relation to the political objectives of the EU mandate and those expressed by the European Parliament in its recent resolution on TTIP, as well as the US Congress’s objectives as specified in the Trade Promotion Authority (TPA) Act. It also examines progress on each chapter of TTIP and what issues still need to be overcome. The analysis concludes that negotiations need to be sped up significantly if an agreement is to be completed before the end of the Obama administration. (European Parliament)

TTIP: Good for Both World Trade and the World Trade Organization

Writing for the Cato Online Forum , Joost Pauwelyn suggests that TTIP is less of a threat to multilateral trade than were first generation Free Trade Agreements (FTA’s) because it does not involve a proliferation of preferential tariff treatment. In fact, he believes that TTIP has the potential to reinvigorate the World Trade Organization by inspiring new thinking about its scope and functions. (Cato Institute)

TTIP for Small and Medium Enterprises

An article for the Atlantic Community explores the potential hurdles in rule of origin regulation in TTIP and its impact on small and medium-sized enterprises (SMEs). While TTIP will in many ways ease the process for smaller firms exporting to either the United States or the European Union, there is also need for an agreement on rule of origin labeling that will not burden SMEs with additional costs that would make it difficult for them to compete with larger companies. However, the agreement has significant opportunities for SMEs overall, especially if greater standardization and harmonization is reached. ( Atlantic Community)

You can read an Atlantic Council report on “Big Opportunities for Small Business” in TTIP here.

This week, representatives from both sides of the Atlantic meet in Miami, Florida, for the 11th round of TTIP negotiations since talks started in 2013.   Representatives from the European Union, led by Ignacio Garcia Bercero (on behalf of EU Trade Commissioner Cecilia Malmström) and a team from US Trade Representative Michael Froman’s office led by Dan Mullaney, will be focusing on details this week.

According to the German Embassy to the United States , the 11th round will confer about cutbacks in customs in order to facilitate imports and reductions to other, non-intuitive obstructions to trade, like the necessity to fill out forms for both the import and the export countries. On both sides of the table, negotiators want to avoid compromising any standards in the United States or the European Union. Another hot topic will be investment. The United States and the European Union hope to create a network to protect investors and companies by setting standards of investment and preventing fraud and discrimination. In this light, the negotiators will discuss the European Union’s draft proposal on investment court systems for TTIP.

 

Malmström Gives Speech on Trade at the College of Europe “The people of the European Union depend on trade for our prosperity. One in seven of us who are lucky enough to have a job, have exports to the rest of the world to thank for it. 80% of our imports, after all, are the energy, raw materials, and components that keep the European economy functioning. And it’s our economic success that funds the social, regulatory and cultural infrastructure that make up the European way of life.”-Cecilia Malmström

Commissioner for Trade Malmström spoke at the College of Europe on Monday to outline the tenets of the Commission’s new Trade for All strategy, which is focuses on effectiveness, transparency, and values. The strategy is meant to promote the most effective trade agreements possible for Europe while informing the public about the details of agreements and upholding European values. (European Commission )

Secretary Kerry Talks TTIP with Spain
“With the passage of the TPP, it is really important for Europe now to come together around the TTIP because this can help to elevate the rules and regulations by which we do business all across the planet. It raises the ability of everybody to be able to do better, but it takes away the interferences that prevent our ability to be able to grow jobs faster.” – Secretary John Kerry On Sunday, US Secretary of State John Kerry met with Spain’s Minister of Foreign Affairs and Cooperation José Manuel García-Margallo to talk about nuclear contamination, TTIP, and the Spanish economy, among other things. In his remarks, Secretary Kerry emphasized that TTIP won’t lower standards and won’t hurt either labor standards nor the environment. (US Department of State)

TTIP Negotiators Meet for Next Round of Talks
The 11th Round of TTIP negotiations is currently taking place in Miami. With the United States now focused on TTIP after completing the TPP, negotiators on both sides hope to make significant progress. The current round of negotiations is focusing on reducing tariffs and harmonizing government procurement standards, and the European Union negotiators are also expected to introduce chapters addressing labor and environmental standards. (EurActiv)

Chancellor Merkel Makes Case for TTIP with Trade Unions

In a meeting with the German Industrial Union of Metal Workers earlier this week, Chancellor Angela Merkel talks about the opportunities TTIP would offer for workers. She understands the concerns of the public who fear that German standards will be lowered but assures them that “no EU standard will be lowered in TTIP”. Rather, TTIP offers an opportunity to set the standards for future globalization. Chancellor Merkel invites the unions to resume talking about TTIP with her.  (Office of the German Chancellor) – Original article in German

Making the Strategic Argument for TTIP

A piece from the Economist looks at the difficulties TTIP negotiators have faced, with significant public pressure against the deal and trouble explaining the benefits. Because TTIP takes complex regulatory issues and other technical hurdles rather than just reducing tariffs, it is difficult to explain the importance of the deal and make the impact clear to the public. However, when TTIP is understood as an “Economic NATO” it gains significant support, and there is a similar effect when it is explained how TTIP would establish Europe’s lead in global trading standards. While these arguments are not enough, they are an important part of making the case for TTIP. (The Economist)

Can TTIP Save Europe? In a piece published on the Cato Institute’s Online Forum, John Gillingham- a fellow at Harvard University’s Center for European Studies- argues that TTIP is a way for the European Commission to reestablish confidence in its leadership of the European Union and put the European project back on track. He points to a slowing down of European integration and a crisis of confidence within the European Union since the Financial and Sovereign Debt Crises as significant threats to future European cooperation and Europe’s continuing influence in the world. In this context, TTIP could provide not just economic opportunity, but also a way to revitalize European liberalization efforts and improve confidence in European institutions. ( Cato Institute)

The Irish Case for TTIP Ian Talbot of Eurochambres makes the case for TTIP’s benefit to Ireland. He notes broad Irish public support for an agreement with the United States, as well as the large amount of US foreign direct investment in Ireland and the importance of smaller businesses in Ireland, both of which would get a significant boost from TTIP. (EurActiv)

TTIP Would Benefit SMEs in Sweden
A paper from the Confederation of Swedish Enterprise provides examples of how small businesses would benefit from a TTIP agreement. It points out the barriers to export many small businesses often face and how TTIP would likely lower them. The paper also presents several case studies of small businesses that would like to expand or do more business in the United States but face barriers because of tariffs or differing standards that TTIP would address. (The Confederation of Swedish Enterprise)Openness and Competitiveness Needed to Foster Growth Writing for the Brookings Institution Future Development blog Selina Jackson, the Special Representative to the United Nations and World Trade Organization from the World Bank, argues that openness to trade is critical to economic growth and development, but not sufficient on its own. Additionally, with the increasing competition in the global economy, countries must promote competitiveness to take full advantage of economic openness. (The Brookings Institution)

Files and Presentations

 
 
 
 
 
 
 
 
 

Articles & useful links

TTIP Will Boost EU Innovation

Former Atlantic Council intern Nathaniel Rome studies how TTIP will improve innovativeness of the European Union’s economy. Rome utilizes data regarding patent applications, research and development spending, and venture capital investment to highlight the European Union’s lag in innovation as compared to the United States. Based on Rome’s analysis, a successful conclusion of TTIP has the potential to significantly increase US FDI into the European Union and give EU businesses an impetus to boost R&D spending, and would hence help promote innovation within the European Union. (Penn Wharton, University of Pennsylvania)

Econographic on the Importance of Transatlantic Trade
This week’s Atlantic Council EconoGraphic focuses on the impact of Brexit on transatlantic trade. As the United Kingdom might be starting to negotiate a complex and unprecedented departure from the European Union soon, the other 27 European member states still greatly benefit from a trade deal with the United States. It would affect 767 million people and forty-two percent of the world’s GDP. Even without the United Kingdom, the European Union remains the largest trading partner of the United States. (Atlantic Council)

Paradoxical Protest of TTIP
The Cologne Institute for Economic Research conducted a survey of TTIP skeptics in Germany. Two out of every three TTIP skeptics have a positive opinion of free trade, and almost just as many hold the view that globalization can benefit economic growth. However, it seems that these naysayers are conflating high negative sentiment towards the European Union’s democracy and trustworthiness with dissatisfaction towards TTIP. Supporters in other European countries view the trade agreement as a chance to improve the economic conditions in their own country, while this is not a priority for powerhouse economy Germany. (Cologne Institute for Economic Research)

How Lowering Trade Barriers Can Revive Global Productivity And Growth
New research from the International Monetary Fund shows that easing barriers to international trade and foreign direct investment (FDI) could boost productivity and output. Also, trade liberalization in upstream industries that use intermediate inputs matters more for sector-level productivity than liberalization in the sector itself. This is especially true for countries that are more open to FDI. (Seeking Alpha)

The US-German Case for TTIP
Chairman of the German American Chambers of Commerce of the United States and President of American farm equipment manufacturer AGCO Martin Richenhagen described how the agricultural business and machinery sectors need to be more vocal in supporting TTIP, because it will serve their interest and that of American and European customers. In the next five years, TTIP would increase transatlantic exports by more than $150 billion and GDP by about $250 billion, in addition to creating half a million high-paying jobs. It will also give German consumers greater purchasing power and uphold the European Union’s high labor standards. ( Handelsblatt)

The Obstacles to TTIP 
In its latest economic report, French bank BNP Paribas analyzes the progress made on TTIP and the points that still need resolving. These include the disparity between the European Union’s mostly open public markets, and the US market, which through the “Buy American Act” of 1933, favors domestic products and is only waived in certain circumstances. (BNP Paribas

Judy Asks: Will TTIP Happen?
Senior Associate at Carnegie Europe and Editor in Chief of Strategic Europe , Judy Dempsey, asked a large group of experts if TTIP will ever be completed.  Experts from a plethora of organizations overwhelmingly agreed that TTIP will be completed. Many of them suggested that negotiations will likely stretch into the next US President’s administration, but overall agreed that there are just too many benefits for both sides of the Atlantic for negotiations to be suspended. (Carnegie Europe)

Silent TTIP Supporters Leave Vocal Opponents in Control of News Cycle
This week Hamilton Place Strategies did an analysis of media coverage of TTIP negotiations before and after President Obama’s and German Chancellor Merkel’s joint statement on TTIP at the Hannover Messe last week. What the results indicate is that while TTIP supporters can garner positive media attention, they still largely lose the public relations battle to the opposition. However, there is a chance to influence the broader conversation if supporter generated content is leveraged through blogs and social media tools- as well as increased engagement on the regional and local levels. (The Wonk)

Similarly, Dan Ikenson, a contributor to Forbes, examines TTIP’s “image problem” in this interesting opinion piece.

 

TTIP: Benefits and Challenges of an Agreement Fit for the 21st Century
The European Union Delegation to the United States released a fact sheet last week, titled The TTIP: Benefits and Challenges of Agreement Fit for the 21st Century, which overviews the opportunities and outstanding challenges of TTIP negotiations. The publication makes the case that TTIP would be the least expensive way to stimulate the economies on both sides of the Atlantic and send a signal to the world that they can continue to lead with open and well-regulated markets. (European Union in the United States)

US-EU Regulatory Cooperation: Lessons and Opportunities

Last week the George Washington University Regulatory Studies Center released a report analyzing the opportunities to improve transatlantic regulatory cooperation, i.e. within TTIP. The report identifies areas of opportunity that can help reduce incompatible approaches and unnecessary costs while indicating areas where regulatory divergences could persist due to jurisdictional judgments of national sovereignty and structural differences between countries. ( George Washington University)
TTIP Under Pressure in Germany and the USA

The Bertelsmann Stiftung polled US and German residents on the topics of free trade and the TTIP and found that pressure on the concept of free trade is growing in the export nation of Germany. I n Germany, support for TTIP has fallen significantly in the last 18 months, as did their general support for free trade. The majority of Americans are staunchly pro free trade, but feel too uninformed about TTIP to support or oppose it. Aart De Geus, Chairman and CEO of the Bertelsmann Stiftung on the German results: “Support for trade agreements is fading in a country, that views itself as the global export champion. Trade is a key driver of the German economy. If it weakens, Germany’s economic power as well as its labor market could falter.” ( Bertelsmann Stiftung)

The Economics and Security Benefits of a Successful TTIP Are a Package Deal (Cato Institute)
TTIP Aims to Set New Global Trade Rules, But Much Depends on How Others Respond (Cato Institute)
B|Brief TTIP – California’s Gateway to Europe (Bertelsmann Foundation)
TTIP Would Benefit SMEs the Most. (Leicester Mercury)
Myth and Reality about TTIP
The Transatlantic Trade and Investment Partnership and SMEs
TTIP Explained (Video)
Key Facts on TTIP
2014 TTIP Stakeholder Survey
Business Alliance – Regulatory Component in the TTIP – September 30 2014

Survey 2014 by Amcham Greece