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TTIP

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by

Mari Cap

on 11 August 2014

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Transcript of TTIP

What is TTIP?
A proposed “comprehensive and high-standard” free trade agreement between the US and EU
CON - Poor economic impact
Transatlantic Trade and Investment
Partnership Negotiations

OVERVIEW
PROS
CONS

TTIP
Core elements
Enhance market access through the elimination of barriers to trade and investment in goods, services, and agriculture
Enhanced compatibility of regulations and standards
Developing rules on global issues of common concern (IPR, environment and labor, raw materials and energy, enterprises)
Strategic implications
Greater liberalization of the U.S.-EU market
Strengthen US-EU relationship regarding third countries
Shaping the rules of the global trading system
How?
Why?
Combined US-EU share of global conomy
Negotiations in progress
28 Nov 2011 Barroso, Van Rompuy and Obama established the HLWG (
High Level Working Group on Jobs and Growth
)
A joint work programme to increase trade, investment, job creation, economic growth
So far TTIP 6 rounds
Start in July 2013, last in July 2014
"Trade talks rarely improve with age"
EU chief negotiator Ignacio Garcia Bercero (R) and U.S. chief negotiator Dan Mullaney at the end of the sixth round in Brussels, July 18, 2014 (AP Photo/Yves Logghe)
http://transatlantic.sais-jhu.edu/publications/CRS_TTIP_report_Feb_2014.pdf
Provisional document during the fourth round at the EU Commission headquarters in Brussels on 14.03.2014 (Wiktor Dabkowski/dpa/AP)
Political leaders are overstating the positives (amount to 0.05% increase in GDP in the EU)
Risk of trade diversion
“Economic NATO” that excludes powers like Russia and China would be inadvisable both economically and politically
CON - Threat to democracy
Negotiations heavily influenced by corporate trade advisors
Lack of transparency
Asking for a public debate
CON - Attack to Precautionary Principle
Subordination of health protection measures to trade maximization objectives
(hormone-treated meat, chlorinated
In July the EU Ombudsman Emily O’Reilly opened 2 investigations into the EU Council and Commission over a lack of transparency
http://www.ombudsman.europa.eu/cases/correspondence.faces/en/54634/html.bookmark
Ombudsman's letter to the Council:
Ombudsman's Letter to the Commission:
http://www.ombudsman.europa.eu/cases/correspondence.faces/en/54633/html.bookmark
Protests in
Berlin
Brussels
London
Growing opposition
PRO - Opportunity for reform
Regulatory standardisation and mutual recognition
Elimination of wasteful and inefficient rules
Cutting costs imposed by duplicative bureaucracy
No deregulation and lower standards
CON - Investor-state dispute settlement
ISDS provisions will enable foreign investors to sue the Member States before supranational arbitration tribunals for the annulment of social, health or environmental protection laws
Arbitration tribunals lack accountability, legitimacy and transparency
Stiftfilm / Jonas Kramer
Stiftfilm / Jonas Kramer
Jonas Kramer
PRO - International investment regime
The right forum to launch a reform of international investment agreements and investment arbitration
PRO - Positive economic impact
Benefits for the Member States (specialization)
Benefits for consumers, workers and companies
Tariffs
for Goods
and Agriculture
?
http://blogs.lse.ac.uk/europpblog/2014/07/02/far-from-being-a-threat-to-european-democracy-the-eu-us-free-trade-deal-is-an-ideal-opportunity-to-reform-controversial-investment-rules-and-procedures/
"Once in a generation prize"
http://trade.ec.europa.eu/doclib/docs/2013/march/tradoc_150759.pdf
"The cheapest stimulus package imaginable"
"Increase demand without increasing borrowing"
CON - Intensified fossil fuel use
Undermining efforts to renewable energy sources
Huffington Post: secret trade memo calling for more fracking and offshore drilling
http://big.assets.huffingtonpost.com/TTIPNonPaper.pdf
TEXT
VIDEO
http://live.huffingtonpost.com/r/segment/koch-brothers-harry-reid-sheldon-adelson/5374c169fe34444b470001ae
CON - Back door to European debt mutualization
http://ttip2014.eu/files/content/docs/Full%20documents/tradoc_152699.pdf
KEY
AREAS
Services
Digital trade
and e-commerce
Large and ever-widening range of economic activities and employment
Financial Services?
Audiovisual services? (cultural exceptions)
Treatment of Service Providers (licensing and certifications)
Digital Data Flows
Data Privacy (modernize data protection laws)
Government Procurement
Agriculture
Incompatibility of regulations
Sanitary and Phytosanitary (SPS) Measures
Genetically Modified Organisms (GMO)
Industrial
Regulations
and Standards
Core element of the negotiations
Selected sectors of interest (chemicals, pharmaceuticals, automobiles)
Protection and enforcement of IPR
Geographical Indications
Copyright Protection
Patents
Trade Secrets
Simplification or harmonization
of import and export procedures
SMEs are the majority of the number of firms involved in commercial enterprise
Increase participation of small businesses in the transatlantic market
Establish fair, transparent and timely procedures to settle disputes on trade
and investment between the US and the EU
Similar investment policy goals: investment liberalization and protection provisions
Non-Discriminatory Treatment
Expropriation
Free Capital Transfers
Investor-State Dispute Settlement
KEY
AREAS
Investment
Intellectual
Property Rights
Trade Facilitation
Small and medium-sized Enterprises
Dispute Settlement
High levels of protection for workers and the environment
Labor
and Environment
2014
2014
2013
"Implying that a deal that raises GDP by 0.4 or 0.5 percent 13 years out means job-creating opportunities for workers on both continents is just dishonest"


http://www.cepr.net/index.php/blogs/beat-the-press/why-is-it-so-acceptable-to-lie-to-promote-trade-deals
Austrian OFSE
http://guengl.eu/uploads/plenary-focus-pdf/ASSESS_TTIP.pdf
London School of Economics
"There is little reason to think that an EU-US investment chapter will provide the UK with significant economic benefits"

https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/260380/bis-13-1284-costs-and-benefits-of-an-eu-usa-investment-protection-treaty.pdf
Dean Baker, Cepr
US-EU Trade talks
http://www.bbc.co.uk/programmes/p022m79f
Transform the TTIP into a mechanism for mutualizing liability within the EU
EU-wide investment guarantees would artificially reduce the rate of interest under which single EU countries could borrow and thus encourage these countries to take on more debt
10.08.2014
Eliminate duties on bilateral trade
Lesser role in the negotiations
chickens, GMO, chemicals and cosmetics)
Potential anti-competitive behavior related to SOEs and discriminatory treatment of private counterparts
State-Owned
Enterprises
Economic gains for the EU:

€120 billion - 0.5 % increase in EU GDP by 2027
Annual disposable income of European family of 4 increase by an average of €545 per year
Economic gains for the US:

€95 billion - 0.4 % increase in US GDP by 2027
CEPR study predictions
The Economic analysis explained
http://trade.ec.europa.eu/doclib/docs/2013/september/tradoc_151787.pdf
The CEPR Economic analysis
http://trade.ec.europa.eu/doclib/docs/2013/march/tradoc_150737.pdf
Full transcript