Joint iCES-SEE Seminar: The EU-US Trade Talks
This seminar will discuss the proposed talks on what has become known as the Transatlantic Trade & Investment Partnership (TTIP), including identifying some of the obstacles to be overcome if they are to be successful.
In the margins of the G8 Summit at Lough Erne on 17th June 2013, the US President and EU leaders announced the opening of negotiations on a possible EU-US free trade agreement. A transatlantic free trade agreement would be of considerable economic importance, embracing half of the world’s output and a third of its trade with estimates of its benefits to be EU amounting to an extra half of one per cent of GDP a year by 2027. But this is no easy deal to negotiate; most of the obstacles are not about the tariffs set by either side but about the non-tariff barriers to trade. The last time such an agreement was discussed in 1998 it fell because of an inability to reach agreement on agricultural issues. But much has changed since 1998 and there is a feeling that a renewed effort on both sides of the Atlantic might just achieve an agreement this. The momentum is there but can the obstacles that have blocked past attempts be overcome?
Last updated: 03 May 2018