EU-U.S. negotiations for a Transatlantic Trade and Investment Partnership (TTIP) have been ongoing since July 2013. For the EU, it is imperative to involve stakeholders, particularly civil society, throughout the negotiations.
And, as part of this process, the EU commissioned a study by an independent consultant – Ecorys – to assess the potential impact of TTIP on Europe and beyond.
According to EU Trade Commissioner Cecilia Malmström, “…the report does highlight the many opportunities TTIP presents for the EU.” The TTIP impact assessment highlights opportunities that a successful agreement could create for people and businesses across Europe. It also shows a combined benefit both for European and U.S. citizens.
Interested stakeholders will have the opportunity to review the draft and offer feedback before the study’s authors finalize the report later this year. The European Commission will also organize a civil society dialogue with the report’s authors on May 30. The Commission has been carrying out such impact assessments on all negotiated trade agreements since 1999, during the negotiating phase, so that results can feed into negotiators’ work as the process evolves.
More on TTIP