November 2016

The Transatlantic Trade and Investment Partnership (TTIP) is currently in a negotiatory limbo. Even though the European Commission has estimated such an agreement would increase the size of the EU economy by at least €120 billion (or 0.5% of EU GDP) and the U.S economy by €95 billion (roughly 0.4% of U.S GDP), the deal looks more uncertain than ever before.

Besides abolishing tariffs, TTIP would involve the harmonisation of regulatory frameworks between the US and the EU, which would lead to a 0.7% increase in the EU’s GDP in 2018 alone.