The document discusses the Transatlantic Trade and Investment Partnership (TTIP) being negotiated between the US and EU. The TTIP aims to eliminate tariffs and non-tariff barriers to boost trade between the two economic powers that make up half the world's GDP. It would create a free trade zone and increase regulatory compatibility, potentially providing an economic stimulus. However, challenges remain regarding political will and certain sectors. Negotiations are expected to continue through 2014 with the goal of finalizing an agreement.

1. The Transatlantic Trade &The Transatlantic Trade &
Investment PartnershipInvestment Partnership

2. US Exports to European Union
2012 exports:
$265 bn
2006–2012
growth: 25%
Almost back to
2008 peak
2012 was record
year for 5
countries

3. "This is a game-changer."
– João Vale de Almeida, EU Ambassador to the United States
Biggest trade deal
ever negotiated
Half of world GDP
1/3 of world trade

4. TTIP Objectives
Eliminate/reduce tariffs & quotas
Eliminate/reduce barriers to trade in goods,
services, and investment
Enhanced compatibility of regulations &
standards
Eliminate/reduce/prevent "behind the border"
non-tariff barriers
Enhanced cooperation on global trading rules
& concerns

5. Structure of Agreement
Market access
Regulatory issues & non-tariff barriers
Enhanced cooperation on global trading rules
& concerns

6. Potential Benefits
"Stimulus" without
spending
+$123 bn per year to
US economy
Reduce compliance
duplication
De facto global
standards

7. Remaining Tariffs
Average ~3%
Automotive
8%
Processed
foods 14.6%

8. Non-Tariff Barriers
Regulations
Standards
Licensing
Government
procurement
restrictions

9. Political Challenges

10. Sector Opportunities
Projected growth in US exports to EU by
sector

11. Timetable
3/20: Acting USTR notified Congress of intent; start
of 90-day consultation period
6/14: European Council to approve European
Commission’s negotiating mandate
6/19–20: EU-US summit in Dublin
July: First round of talks expected
October 2014???: Final text
???: Ratification

12. Swift Passage TradingSwift Passage Trading
Michael L. GrantMichael L. Grant
(512) 589-9436(512) 589-9436
mgrant@swiftpassage.bizmgrant@swiftpassage.biz
blog:blog: eurobubba.comeurobubba.com
There are no foreignThere are no foreign
countries.countries.