Transatlantic Trade and Investment Partnership (TTIP) News:
The first round of negotiations on the Transatlantic Trade and Investment Partnership (TTIP) will take place in Washington, DC, July 8 through July 12. This ambitious, comprehensive, and high-standard trade and investment agreement aims at enhanced competitiveness, increased job creation, and expanded growth for both the European Union and the United States. It is also expected to help pave the way for setting global standards that strengthen the multilateral trading system.
Talks will be technical. They will range from addressing market access to regulatory issues to considering shared global trade challenges and opportunities. Already low tariffs are likely to go lower or be eliminated. Rules governing EU-U.S. investments are expected to be solidified to the satisfaction of each side. Consumer protection, environmental, and safety requirements should be simplified, while continuing to respect one another’s high standards. Resolving such “behind-the-border” potential obstacles to trade can save businesses unnecessary costs and delays and benefit consumers with lower prices.
On July 10th, the Office of the U.S. Trade Representative will hold a series of events in conjunction with the first round of TTIP negotiations. The Direct Stakeholder Event will be held from 11:30am-2:30pm, followed by a stakeholder briefing from 4:30pm-5:15pm.
TTIP negotiations are expected to last a couple of years. The European Commission negotiates on behalf of the EU and its Member States, while the Office of the United States Trade Representative will be the main negotiator for the U.S. TTIP is a win-win prospect: “We will be creating by far the biggest free trade area in the world. An economic space of more than 800 million consumers—Americans and Europeans,” according to João Vale de Almeida, EU Ambassador to the United States.
Live Updates from the first round of negotiations on TTIP
EU negotiators prep meeting before kick-off of the 1st round of the Transatlantic Trade & Investment Partnership negotiations on Monday July 8.
Our colleagues from Brussels, HQ of many European Union institutions, landed in DC!
The EU-U.S. negotiations on the Transatlantic Trade & Investment Partnership and also the working group on data protection/privacy will kicked off today http://t.co/OtPgsiXjVy