European Parliament vote will raise more TTIP doubts

2015 ◽  
Keyword(s):  
The United States ◽  
European Parliament ◽  
Content Type ◽  
Transatlantic Trade ◽  
Eu Membership ◽  
Deep Integration ◽  
Economic Ties ◽  
Trade Deals ◽  
Trade And Investment ◽  
The Eu

Subject The European Parliament and the Transatlantic Trade and Investment Partnership. Significance The last-minute decision of the European Parliament (EP) to postpone a June 10 debate and vote on the Transatlantic Trade and Investment Partnership (TTIP) has exposed important divisions among its members (MEPs) over whether and how closer EU-US economic ties can be secured. While non-binding at this stage, the debate and vote would have provided important guidance to the European Commission on its priorities and room for manoeuvre as it engages in further negotiations with the United States. TTIP must ultimately be ratified by the EP, which has voted down international agreements in the past. Impacts The EP's difficulties in finalising its views could constrain the Commission in the TTIP negotiations. However, given the EP's ultimate veto over the deal, time spent now on hammering out an ISDS formula it could accept may not be wasted. Any rejection of TTIP, particularly over ISDS, could raise questions over future international trade deals premised on deep integration. TTIP rejection could even jeopardise concluded trade deals awaiting ratification, such as that between the EU and Canada. Progress on TTIP is among the measures sought by UK Prime Minister David Cameron before his EU membership referendum.

ECJ ruling further dims EU-US data protection outlook

2015 ◽  
Keyword(s):  
Data Storage ◽  
Data Protection ◽  
The United States ◽  
The Internet ◽  
Content Type ◽  
Transatlantic Trade ◽  
Data Flows ◽  
The Us ◽  
Trade And Investment ◽  
The Eu

Significance The ECJ ruling could add to potential disruptions to transatlantic commercial data flows arising from the EU's developing data protection regime that a study for the US Chamber of Commerce valued at 0.8-1.3% of EU GDP. The ruling weakens the United States in negotiations over the new EU regime, as well as over the Transatlantic Trade and Investment Partnership (TTIP). Impacts The ruling may bolster development of EU-based cloud facilities as EU users seek to avoid the risks of US-based data storage. This could reduce US firms' estimated 76% share of the EU cloud market. It would also lead to further fragmentation of the internet as a global resource.

EU-US TTIP talks are unlikely to progress

2016 ◽  
Keyword(s):  
United States ◽  
Trade Agreements ◽  
The United States ◽  
The Political ◽  
Content Type ◽  
Transatlantic Trade ◽  
The Us ◽  
Trade And Investment ◽  
The Eu ◽  
Public Opposition

Subject The prospects for finalising TTIP. Significance While the EU as a whole -- the European Commission, most member states and a majority of members of the European Parliament (EP) -- appears to remain committed to a wide-ranging agreement with the United States, there are growing indications that public opposition may render the proposed Transatlantic Trade and Investment Partnership (TTIP) agreement politically unviable. Impacts TTIP is estimated to raise the EU's GDP by 0.5%. European governments may decide that such a modest growth boost is not worth the political problems generated by the negotiations. If implemented, its terms could serve as a blueprint for future trade agreements between the EU and other countries. The deal's prospects will be diminished by the US election cycle's appeals to protectionist sentiment.

EU-US economic ties will survive testing US policies

2018 ◽  
Keyword(s):  
United States ◽  
Trade Deficit ◽  
The United States ◽  
Content Type ◽  
Transatlantic Trade ◽  
The Us ◽  
Foreign Affiliates ◽  
Commission President ◽  
Economic Ties ◽  
The Eu

Subject EU-US ties. Significance Attracting the ire of US President Donald Trump, the US goods trade deficit with the EU has widened since 2009. While Trump blames the imbalance on the EU charging higher tariffs on its US imports than the United States charges on its EU imports, the deficit is instead driven by US demand. Most US-EU trade is between foreign affiliates and the declaration between Trump and European Commission President Jean-Claude Juncker in late July reaffirmed the close economic ties between the two blocs. Impacts The prospects for US exports of LNG to the EU will be higher if Chinese retaliatory restrictions remain in place. The US farm lobby will push for agriculture to be covered in the trade negotiations. The negotiations are unlikely to lead to a return to a comprehensive Transatlantic Trade and Investment Partnership-type deal. Renegotiating US-EU goods trade tariffs will necessarily involve other chapters including services or foreign investment. Escalating trade tariffs would damage the EU but would damage the United States more owing to the size of US-EU cross-border investments.

EU digital market plans to rile US internet firms

2015 ◽  
Keyword(s):  
United States ◽  
Business Models ◽  
The United States ◽  
Content Type ◽  
Economic Diplomacy ◽  
Internet Firms ◽  
Transatlantic Trade ◽  
Sensitive Issue ◽  
Trade And Investment ◽  
The Eu

Significance The Commission aims to stimulate an economic field where the EU lags the United States. It estimates that a completed digital single market would boost EU GDP by around 3%. However, the project potentially challenges both national and sectoral preferences inside the EU, and the positions of major US internet firms. Impacts The Commission's plans are seen in the industry as deliberately undermining the business models of major US-based internet firms. Alongside separate EU actions on tax, anti-trust and data protection, they will aggravate a sensitive issue in EU-US economic diplomacy. This could damage the ongoing negotiations on the EU-US Transatlantic Trade and Investment Partnership.

Negotiating 21st Century Rules on Energy: What Is at Stake for the European Union, the United States and the BRICS?

2018 ◽  
Vol 19 (3) ◽  
pp. 415-443 ◽  
Author(s):  
Ilaria Espa ◽  
Kateryna Holzer
Keyword(s):  
United States ◽  
European Union ◽  
Renewable Energy ◽  
The United States ◽  
Energy Market ◽  
The European Union ◽  
Transatlantic Trade ◽  
Energy Trade ◽  
Trade And Investment ◽  
The Eu

Abstract In the context of the Transatlantic Trade and Investment Partnership (TTIP), the European Union (EU) has taken the lead in promoting the inclusion of a specific chapter on energy trade and investment in order to enhance energy security and promote renewable energy. Irrespective of the success of the TTIP negotiations, the EU proposal can contribute to developing multilateral rules on energy trade and investment. This is especially important given the increased number of energy disputes filed by the EU and the United States against other leading energy market players, including the BRICS. This article provides a normative analysis of the new rules proposed by the EU and reflects on potential responses of BRICS energy regulators. It argues that, while these rules are unlikely to immediately affect BRICS energy practices, they may eventually be ‘imported’ in BRICS domestic jurisdictions in order to promote renewable energy and attract investment in energy infrastructure.

EU may struggle to enforce social standards via trade

2021 ◽  
Keyword(s):  
United States ◽  
The United States ◽  
Environmental Standards ◽  
Content Type ◽  
Social Standards ◽  
Investment Agreement ◽  
Trade Deals ◽  
First Time ◽  
Trade Partners ◽  
The Eu

Significance In 2020 the European Commission appointed a Chief Trade Enforcement Officer for the first time, signalling that Brussels is intent on enhancing its capacity to enforce standards agreed in trade deals. However, the EU's experience with South Korea suggests that holding trade partners to account over breaching standards will be difficult. Impacts Relations with trade partners could deteriorate if the EU is seen to be aggressive in enforcing its standards. Concern over China’s willingness to improve labour and environmental standards could impede ratification the EU-China investment agreement. The EU may be reluctant to sanction some partners, such as the United States, that breach labour or environmental standards.

scholarly journals Transatlantic trade and investment partnership (TTIP) and the spill overs effects on the Gulf – cooperation council

2017 ◽  
Vol 59 (1) ◽  
pp. 35-51
Author(s):  
Nadia Naim
Keyword(s):  
Intellectual Property ◽  
Property Rights ◽  
Intellectual Property Rights ◽  
Trade Agreement ◽  
Global Trade ◽  
Content Type ◽  
Transatlantic Trade ◽  
The Usa ◽  
Trade And Investment ◽  
The Eu

Purpose The purpose of this paper is to examine the transatlantic trade and investment partnership (TTIP). The EU and the USA are negotiating the TTIP, a trade agreement that aims to remove trade barriers across different economic sectors to increase trade between the EU and the USA. The TTIP will have spill over effects on the MENA region, the GCC, Australia and the Asian sub-continent, as it raises key questions for intellectual property and international trade agreements. For instance, will the USA and EU be on an equal footing or will one triumph over the other, will third party countries like the GCC states be expected to adopt new standards. Design/methodology/approach The research design is a paper and online data collection method to find literature to date on intellectual property law development in the GCC states in relation to the three research objectives as set out above. The literature is the population, and this could prove problematic. Different databases have been used to cover all sources where data can be found. Findings As the EU-USA TTIP is aiming to conclude by the end of 2015, the GCC has an opportunity to reassess its relationship with both the EU and GCC. Up until now, the GCC was able to enter into negotiations with the EU and USA relatively independently. However, where the EU and USA can agree, there will be a harmonisation of regulations. This therefore has repercussions for the GCC. The TTIP has three main aims: to increase trade and investment through market access, increase employment and competitiveness and create a harmonised approach to global trade. To harmonise global trade, the EU and USA aim to harmonise their intellectual property rights through an intellectual property rights chapter that deals specifically with enhancing protection and recognition for geographical indications, build on TRIPS and patentability. Research limitations/implications This study is non-empirical. Originality/value The TTIP will have spill over effects for the GCC, as it has yet to finalise the EU-GCC free trade agreement and USA-GCC framework agreement. The power dynamics between the USA and EU will be a deciding factor on the intellectual property chapter in the TTIP in terms of what the provisions for intellectual property will look like and what powers will be available to investors to bring investor-state-dispute settlement claims against foreign countries.

Turkey attracts East Europe more than Western ‘core’

2017 ◽  
Keyword(s):  
United States ◽  
The United States ◽  
Former Yugoslavia ◽  
Content Type ◽  
East Europe ◽  
Radical Islam ◽  
Turkish State ◽  
Economic Ties ◽  
The Eu

Subject Erdogan’s visit to Serbia. Significance The Turkish president’s visit to Serbia on October 9-11 was much publicised. Recep Tayyip Erdogan received a hero’s welcome at a rally in Novi Pazar, where he appeared alongside Serbian President Aleksandar Vucic. Both governments are keen to boost economic ties. Impacts Size and location make Serbia a key economic and diplomatic partner for Turkey in former Yugoslavia. The Turkish state will continue to claim leadership over Balkan Muslims and seek to contain the influence of radical Islam. All Balkan governments will seek good ties with Turkey and to minimise any fallout from Erdogan’s spat with the EU and the United States.

Turkey's EU accession process is sick but not dead

2015 ◽  
Keyword(s):  
Freedom Of Expression ◽  
The United States ◽  
Customs Union ◽  
Islamic State ◽  
Think Tank ◽  
Eu Accession ◽  
Content Type ◽  
Eu Member States ◽  
Eu Membership ◽  
The Eu

Subject The prospects for Turkey's EU membership bid. Significance Trading and investment links between Turkey and the EU will continue to be strong. The economy of Turkey looks much healthier than those of EU Mediterranean states. Its leverage is much greater than a decade ago, while the EU now also regularly acknowledges Turkey's geo-strategic importance as an ally. The way is open for further economic integration beyond the Customs Union in primary agricultural products and services. A sign that Turkey's accession aspirations are still alive is that 2015 marks the first phase of an EU accession plan. Nevertheless, a leading Brussels think-tank, the Centre for European Policy Studies, has forecast that the hobbled accession negotiations will be "halted" on their tenth anniversary in October. Impacts With the rise of Islamic State, the United States and NATO will try hard to keep Turkey on side and avert outright rupture with the EU. Turkey's attraction as a destination for trade, direct investment and the money markets will persist despite the EU membership stand-off. Tighter control of the judiciary and restrictions on freedom of expression will increase the country's isolation from EU public opinion. Defining itself more along Islamic lines, Turkey will have less interest in pro-EU symbolism or gestures implying a Western orientation. Turkey will vociferously attack perceived Islamophobia in the EU, sometimes damaging bilateral relations with EU member states in so doing.

The Effects of T-TIP Market Access Reform on EU Beef Import Demand

2017 ◽  
Vol 15 (1) ◽  
Author(s):  
Amanda M Countryman ◽  
Andrew Muhammad
Keyword(s):  
Market Access ◽  
Trade Agreement ◽  
The United States ◽  
Import Demand ◽  
The European Union ◽  
Transatlantic Trade ◽  
Beef Products ◽  
Production Practices ◽  
Trade And Investment ◽  
The Eu

AbstractImport policies in the European Union have greatly restricted beef imports from all sources. The presence of a binding tariff-rate quota (TRQ) on beef imports in tandem with sanitary and phytosanitary restrictions on biotechnological food products specifically inhibit beef imports from the United States and limit market access in the EU. Potential passage of the Transatlantic Trade and Investment Partnership may lead to a loosening of non-tariff measures (NTM) that serve as technical barriers to trade and give rise to the coexistence of hormone and non-hormone beef products in the EU marketplace. This research assesses the potential changes in import demand for beef under a trade agreement that allows for imports of conventional beef as well as an expansion of the existing TRQ in the EU beef import market. Results confirm that EU imports of beef will increase from all sources with an expansion of the TRQ and that elimination of the NTM related to beef production practices leads to an increase in competiveness of U.S. and Australian beef in the EU import market.

Sign in / Sign up

Export Citation Format

Share Document