Abstract
In this chapter, Eliasson and Garcia-Duran contextualize the decision to launch negotiations on the Transatlantic Trade and Investment Partnership (TTIP) and provide a summary of previous attempts at forging a transatlantic marketplace. They discuss how the late twentieth and early twenty-first centuries witnessed several developments in transatlantic trade relations, with numerous attempts at agreements across several sectors, but that most of these agreements were highly aspirational and substantively weak. For a variety of political and regulatory reasons, more than half of the signed mutual recognition agreements were never implemented. Interwoven with the presentation of TTIP’s proposed content is a discussion of the content of modern trade agreements, as well as a section highlighting some of the many pertinent, and enduring, political problems that preceded TTIP negotiations.
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