A possible free trade agreement between the 28-member European Union and the USA has been mooted for a number of years, but also mired in disagreements between the two parties. By now, however, at a time when governments are desperate to salvage jobs and get out of recession, there are indications of substantive moves towards negotiating a far-reaching deal covering trade and investment.
At the EU-US Summit in November 2011, a High-Level Working Group on Jobs and Growth was launched as a forum to discuss how they could further integrate their trade relationship, with the option of launching an FTA. Enthusiasm to commence negotiations on such an agreement has seemed higher among EU politicians than in the US, where a response has been somewhat muted.
According to a June 2012 Interim Report to Leaders from the Co-Chairs of the High Level Working Group, such talks should seek to conclude a proposal for a comprehensive transatlantic agreement including chapters on intellectual property, services, investment, procurement, regulatory issues and non-tariff barriers, including an SPS-plus chapter (sanitary and phytosanitary measures) and a TBT-plus chapter (technical barriers to trade), and tariffs.
In November 2012, the TransAtlantic Business Dialogue (now TransAtlantic Business Council), a coalition of CEOs from US and European businesses, mainly transnational corporations, co-signed a letter to EU and US leaders urging a “quick launch of negotiations toward an ambitious and comprehensive transatlantic trade and investment agreement”.
In December 2012, a coalition of 60 US food and agricultural organisations sent a letter to the office of the US Trade Representative urging that agriculture be included in the agreement and pushing back at EU regulatory measures on genetically modified crop approval and labels, and the use of pesticides, for example.
As of early 2013, European leaders are getting more and more vocal about the need to get negotiations started.
If concluded, the Transatlantic Trade and Investment Partnership would be the world’s biggest FTA. According to the European Commission, the EU and US economies account together for around half the entire world GDP and for nearly a third of world trade flows. Total US investment in the EU is three times higher than in all of Asia. EU investment in the US is around eight times the amount of EU investment in India and China together. Approximately a third of transatlantic trade is estimated to consist of intra-company transfers.
TTIP: UK government not trusted to protect NHS from American investors | 29-August-2014
Despite government claims that public services will be protected from the EU’s free trade agreement with the US, 42% of British people don’t trust them to protect the NHS from privatisation.
TTIP will sacrifice food safety for faster trade, warn NGOs | 28-August-2014
The Transatlantic Trade and Investment Partnership (TTIP) will irreversibly put EU consumers and animals at risk, the European Commission will be warned today (28 August).
TTIP and the Scottish referendum | 28-August-2014
Whatever the outcome of the independence referendum on 18 September, the Transatlantic Trade and Investment Partnership could force Scotland to adopt a system that allows US multinationals to provide public services.
EU gives up on TTIP for US reinsurance reform | 27-August-2014
Negotiators pushing for better US market access for EU reinsurers have abandoned talks over the Transatlantic Trade and Investment Partnership (TTIP), recognising the trade deal is unlikely to remove rules forcing the industry to post as much as 100% collateral against their American liabilities.
Chemical industry using TTIP ‘to attack the precautionary principal’ | 27-August-2014
The last 12 months have seen a surge of attacks against the EU’s precautionary principle, with some law firms considering it a potential obstacle to the Transatlantic Trade and Investment Partnership (TTIP).
Accord commercial UE-Canada : le chapitre « Investissement » traduit en français | 26-August-2014
Le chapitre relatif aux investissements, avec notamment la partie relative au mécanisme de règlement des différends Etat-investisseur, étant traduit, ContreLaCour s’attache en ce moment à la traduction du projet de Traité dans son ensemble.
Trade deals from hell | 26-August-2014
T-TIP is worse than a distraction. It’s another manifestation of corporate capture of democratic government. As soon as T-TIP is given a decent burial, perhaps we can get on with the business of rebuilding an economy that serves people.
"No habrá freno a la privatización de los servicios públicos con el tratado comercial entre EEUU y Europa" | 25-August-2014
José Ramón Mariño, economista de Attac, anuncia la presentación de mociones en los ayuntamientos para lograr la paralización de las negociaciones del Acuerdo Transatlántico de Comercio e Inversión.
Italy wants to declassify confidential papers on EU-US trade talks | 25-August-2014
Italy said on Monday it would push for the publication of confidential papers on controversial free trade negotiations between the European Union and the United States, in a bid to increase transparency.
TTIP - German welfare organisations demand exclusion of social services | 24-August-2014
In a common position paper, SOLIDAR member Arbeiterwohlfahrt (AWO) as a member of the German coordination organization of welfare organization together with another network outlined their position on the ongoing negotiations of the Transatlantic Trade and Investment Partnership (TTIP) regarding social and health care services.
TTIP and the Scottish referendum | 28-Aug-2014
Plundering the planet: Rigged corporate “free trade partnerships” and “climate change agreements” | 27-Aug-2014
The corporate free trade project reloaded | 27-Aug-2014
Guatemala: Marcha en contra de la “ley Monsanto” | 26-Aug-2014
TULF on TTIP | 23-Aug-2014
Position du ROPPA sur la signature des APE | 13-Aug-2014
AFTINET on ISDS | 13-Aug-2014
Website reveals how US could rewrite Australian medicine, media content and data storage laws through Trans-Pacific trade deal (TPP) | 13-Aug-2014
New World Trade Order? Fighting TPP and TTIP/TAFTA | 8-Aug-2014
An urgent challenge for the BDS movement | 5-Aug-2014
TTIP: battle of the choirs | 4-Aug-2014
Obama’s TPP: Taking neo-liberalism to a new level | 1-Aug-2014
STOP-APE : un appel aux organisations de la société civile et aux élus, en Europe et en Afrique | 1-Aug-2014
Declaración de la 16° Cumbre Social del Mercado Común del Sur (Mercosur) “Articulando luchas, cultivando resistencias” | 30-Jul-2014