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Geopolitical Dimension
Imbalance of Mutual Benefits
Institutional Choice
Non-tariff barriers: race to the bottom
Transatlantic Identity after Cold War
EU Commission Mandate
Exclusion of "audiovisual products"
Internal Bargaining: What interests prevail?
US --> EU $300 billion
TPP to counterbalance
EU --> US $125 billion
TTIP: What is at stake?
(Descriptive)
Structure
Liberal Intergovernmentalism
(Analytic)
TTIPP through liberal intergovernmentalism lenses
(Explanatory Power)
TTIPP: A Liberal Intergovernmental Archetype?
"Transatlantic trade and investment are the backbone of the world economy"
Liberal Intergovernmentalism
48%
Basic assumptions:
- States are the critical actors in an anarchic environment
- States act rational
- Collective outcomes are result of internal bargaining --> Definition of preferences (1) --> Bargaining to substantive agreements (2) --> Create institutions to secure outcomes
Moravscik: Integration process mainly reflects economic preferences
Geopolitical and ideological arguments are mainly irrelevant
30%
How should outcomes be distributed?
Cooperation for mutual beneficial outcomes
$2.7 billion/€2.0 billion
$3.7 trillion/€2.8 trillion