Opublikowane: 19-12-2020

Us Free Trade Agreement With Europe

In response to the criticism, the European Commission published negotiating documents months after its revelations by Greenpeace, including all EU proposals in the regulatory and regulatory components of the agreement. [64] [76] [77] The Trade Commissioner described the negotiations as „the most transparent trade negotiations ever conducted by the EU”. [78] The United States and the European Union together account for 60% of global GDP, 33% of world trade in goods and 42% of world trade in services. There are a number of trade disputes between the two powers, but both depend on the economic market of the other, and disputes concern only 2% of total trade. A free trade area between the two countries would potentially be the largest regional free trade agreement in history and would cover 46% of global GDP. [30] [31] U.S. economist Dean Baker of the Center for Economic and Policy Research said the agreement would focus on unconventional barriers, such as strengthening copyright legislation in the case of already weak conventional barriers between the United States and the EU. He adds that while the forecasts are less ambitious, the economic benefits per household are not impressed: „If we apply the 0.21% increase in projected average personal income to 2027, it is just over $50 per year. That`s just under 15 cents a day. Don`t spend everything in one place. [12] With regard to the TTIP, a broader „transatlantic free trade area” has been adopted. [By whom?] [Citation required] On the U.S. side, other members of the North American Free Trade Area (Canada and Mexico) could be part of it; and, on the European side, members of the European Free Trade Association (Iceland, Norway, Switzerland and Liechtenstein).

Mexico has already concluded a free trade agreement with EFTA and the EU, while Canada has a free trade agreement with EFTA and negotiated a free trade agreement with the EU. These agreements may need to be harmonised with the EU-US agreement and could constitute a wider free trade area. The content of draft treaties and reports on rounds of negotiations are classified by the public, an agreement that The Independent has criticized as „secret and undemocratic”. [16] As noted above, elected representatives can only consult the texts in a secure „reading room” in Brussels, in order to avoid any new wave of information on the TTIP negotiations. The Transatlantic Economic Partnership is an important driver of global economic growth, trade and prosperity and is the largest, most integrated and longest regional economic relationship in the world. The many reasons for supporting this relationship come from an economic point of view, from a geopolitical point of view, from a business utility perspective, from regulatory cooperation and from prospects for technological innovation.