EU and U.S. negotiators have been hard at work discussing the complexities of the Transatlantic Trade and Investment Partnership (TTIP) since July 2013. As talks focus increasingly on technical topics, it is important for the public to be able to understand—in plain language—what the give-and-take is all about.
The framework of the agreement is divided into three main areas: market access; regulatory cooperation; and rules. Within each of these categories, numerous subcategories cover specific components of TTIP. For example, market access includes discussions on customs duties and fair and mutual access for services. Regulatory cooperation has many sectoral facets—from how to test and regulate cosmetics to how to ensure that one another’s pharmaceuticals can be sold and purchased in both markets. Rules pertain to areas including intellectual property, protection for investors, and sustainable development.
Take advantage of more than 20 of these two-page Fact Sheets that describe in plain language the many aspects, advantages, and even challenges of the ongoing talks on the Transatlantic Trade and Investment Partnership. Once agreed, TTIP will create the world’s largest free trade area, and by removing barriers to trade, will boost economic growth, create jobs, and lower prices.
Compliments of the EU Delegation to the United States