Creating the World's Most Vauluable Free trade Area? The Promise and Potential Pitfalls of the Transatlantic Trade and Investment Partnership
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In July the United States and the European Union officially launched negotiations of a transatlantic free trade agreement, known as the Transatlantic Trade and Investment Partnership. These negotiations aim to harness the world’s two largest economies by eliminating tariffs, easing foreign direct investment, and addressing regulatory differences. It has the potential to be the most valuable bilateral trade agreement in the world, but there are a number of political, legal and administrative challenges to realizing its full potential. Because of the economic importance of the U.S. and EU and because the negotiations have the explicit ambition of setting global standards, these talks have global implications. This talk will provide an overview of the negotiations focusing on both parties’ ambitions, identifying likely challenges, and highlighting the distinctive politics that characterize the talks.