Transatlantic Trade and Investment Partnership Agreement: A Very Brief Guide

ID-10010163The 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.

Key Dates

Feb. 12 – President Obama announces intent to negotiate the Transatlantic Trade and Investment Partnership with the European Union

March 20 – Office of U.S. Trade Representatives (USTR) submits letter to the US Congress expressing its intent to enter into trade negotiations 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

Opportunity

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)

Upcoming Events

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  tradeexaminer@gmail.com.

What questions do you have for ITE that can be answered here?

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*Image courtesy of Danilo Rizzuti / FreeDigitalPhotos.net

This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License

About Dr. Sarita D. Jackson

is the President and CEO of the Global Research Institute of International Trade, a think-tank/consulting firm that examines trade policies and their impact on domestic businesses. Prior to heading GRIIT, Dr. Jackson was a tenured associate professor of political science in North Carolina and worked as a trade policy consultant for an Arlington-based consulting firm. She has participated in trade policy projects and conducted research on free trade negotiations in Botswana, Antigua and Barbuda, Dominica, Dominican Republic, Mexico and Panama. Dr. Jackson has also traveled to Chile and Argentina to study their political systems and economic integration policies.
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