The Transatlantic Trade and Investment Partnership - A View from America's Trenches

Abstract

Abstract Expectations run high about the cornucopia of riches which are supposed to fow from the Transatlantic Trade and Investment Partnership (TTIP). TTIP is a proposed free trade agreement between the United States and the European Union. It aims to build upon the already sweeping scope of the North American Free Trade Agreement concluded two decades earlier and the 2013 Comprehensive Economic and Trade Agreement (CETA), which removes 99 % of tariffs between the EU and Canada.1 Te TTIP negotiations were launched in July 2013 with an initial time frame of completion within two years. It is too early to pass judgment about the benefits of the deal simply because its scope is still being framed as of this writing. However, it's possible to shed light on the most likely sticking points during the negotiations, particularly those seen from the U.S. negotiating side. Likewise, it's not too early to draw up interests and concerns of U.S. business. Both are discussed in this paper. The first section takes stock of the likely scope of negotiations. The second section summarizes the view of business gleaned from a survey of corporate executives. The survey was conducted among members of the Manufacturers Alliance for Productivity and Innovation, an education forum for senior managers of large industrial companies.