The United States and the European Union will enter into trade talks this summer as a part of the Transatlantic Trade and Investment Partnership (TTIP) agreement. As the third and final part of the series on U.S.-EU trade relations in the 20th and 21st centuries, International Trade Examiner will highlight the negotiating process, identify resources, and present information on how you can get involved whether you or a business owner, student or someone with just an interest in international trade.
Feb. 12 – President Obama announces intent to negotiate the Transatlantic Trade and Investment Partnership with the European Union
June 19-20 – formal negotiations expected to be announced in Dublin, Ireland, according to one source
July – first round of negotiations to begin
Who Sits at the Table
Negotiators from the Office of U.S. Trade Representatives and the European Commission
It is another effort to eliminate tariff and non-tariff trade barriers and promote foreign direct investment between the world’s two largest economies (see earlier posts highlighting previous efforts: U.S.-EU Trade in Historical Perspective and The Institutionalization of Trans-Atlantic Trade)
Sensitive Issues (as highlighted in various public reports)
Agricultural subsidies used by both trade partners
U.S. use of genetically modified crops counter to EU interests
High tariff rates on some agricultural products by both parties
EU prohibition of the import of U.S. beef injected with hormones
US restriction on imports of EU beef due to concern of Bovine Spongiform Encephalopathy (BSE) (commonly referred to as mad cow disease)
U.S. “Buy America” provisions viewed as discriminating against foreign producers
Stakeholders: Businesses, Government, Civil Society Organizations, and YOU
Resources and Information
Opportunities to Voice Your Opinion (for or against)
International Trade Examiner (Invitation: If you are interested in submitting a short guest blog post on this issue, please send an e-mail to email@example.com to access the section for guest bloggers.)
- May 29-20, Washington, D.C. – USTR hearings to discuss negotiating priorities
June 13, Washington, D.C. – Washington International Trade Association (WITA) – TTIP: What’s at Stake for Services?
- July 10-12, Aspen, CO – International Business Summit on the US-EU Transatlantic Trade and Investment Partnership
As the TTIP develops, the information will be updated. If you are aware of any information that is relevant but not included here, feel free to share that information via the comments sections and/or e-mail to firstname.lastname@example.org.
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