The first round of Transatlantic Trade and Investment Partnership (TTIP) negotiations kicked off last Monday in Washington, DC.
The EU-U.S. transatlantic economy represents the largest economic relationship in the world, accounting for nearly 30 percent of global merchandise trade, about 40 percent of world trade in services, and nearly half of global GDP. In 2011, European investment in the U.S. accounted for 70 percent of total FDI in the United States, and Europe’s investment ows to the U.S. were seven times larger than those to China.
Did you know…?
Two-Way Trade — 27 out of 50 U.S. states had record-breaking trade flows with the European Union in 2012.
Jobs — The transatlantic economy employs up to 15 million workers on both sides of the Atlantic.
Investment — European investment in the United States was $1.8 trillion in 2011. Nearly 70 percent of total foreign investment in the U.S. comes from Europe.
U.S. Company Profits — U.S. affiliate income earned in Europe was $214 billion in 2012 — a record high.
Learn more about why these negotiations are so important and how both the EU and the U.S. will benefit by downloading our brand-new fact sheet.
IN THIS CONTEXT:
>> Transatlantic Week 2013 Begins in Washington
On the heels of last week’s TTIP negotiations, EU and U.S. officials will meet in Washington to discuss further opportunities for trade and regulatory cooperation as part of Transatlantic Week 2013. Find out more.
>> The Transatlantic Trade and Investment Partnership (TTIP) will help the European and American economies. Studies suggest that between two thirds and four fifths of the gains from a future agreement would come from cutting red tape and having more coordination between regulators.
Download the ‘TTIP Regulatory Guide’