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Steven Elliott-Gower

The Geopolitical Stakes of America's Trade Policy | Foreign Policy - 0 views

foreignpolicy.com/...americas-trade-policy-tpp-ttip

globalization economies economic integration ttip tpp foreign policy

shared by Steven Elliott-Gower on 03 May 15 - No Cached
  • As economic power has become more consequential in world affairs, so too has American leadership on trade. If the United States leads on trade, it can strengthen the rules-based order. For over seven decades, American leadership of the global trading system has helped bring jobs to our shores, partners to our defense, and peace and prosperity to those around the world who have embraced openness and fairness.
  • Steven Elliott-Gower on 03 May 15
     
    At a time when the crisis in Ukraine has triggered deep unease, the Transatlantic Trade and Investment Partnership (TTIP) will remind the world that our transatlantic partnership is second-to-none. This agreement will deepen our economic relationship with the European Union, already the world's largest, by bridging divergences between our regulations and standards - without compromising health, safety, environmental, and consumer protection on both sides of the Atlantic. Many in Europe are looking to TTIP not only to spur much-needed economic growth but also to support efforts to reform European energy policies and create greater energy security.
Steven Elliott-Gower

Getting to Yes on Transatlantic Trade | Foreign Affairs - 0 views

www.foreignaffairs.com/...etting-yes-transatlantic-trade

globalization economies ttip economic integration

shared by Steven Elliott-Gower on 03 May 15 - No Cached
  • United Kingdom’s Center for Economic Policy Research estimates that 80 percent of the potential economic gains from the TTIP agreement depend on reducing the conflicts and duplication between EU and U.S. rules on those and other regulatory issues, ranging from food safety to automobile parts.
  • Cultural attitudes on each side toward consumer safety, environmental protection, and privacy run deep, and they will not be overcome with promises of diffuse economic benefits and future job growth.
  • The negotiations should seek to ensure that the United States and Europe remain standard makers, rather than standard takers, in the global economy.
  • ...2 more annotations...
  • Promoting common rules and certification regimes that cover 800 million EU and U.S. consumers would provide predictability for exporters and investors, make it easier for them to comply with regulations in multiple markets, and thus permit economies of scale. Enabling the EU and the United States to share data and rely on each other’s inspections would stretch scarce regulatory resources and reduce the commercial burden of duplicative tests and requirements. The outcome would be smarter and more streamlined regulation that benefits businesses while protecting the general public from regulatory failures.
  • The TTIP represents the best -- and possibly the last -- opportunity for the United States and the EU to set the global regulatory blueprints by providing a template on which other trade deals can build.
Steven Elliott-Gower

TTIP: Cameron pledges support for EU-US trade deal - BBC News - 0 views

www.bbc.com/uk-30073357

globalization economies ttip economic integration

shared by Steven Elliott-Gower on 03 May 15 - No Cached
  • The EU is currently analysing responses to a consultation on a controversial element of TTIP which would allow foreign investors to go to an international tribunal for compensation if a government breaks the rules in a way that harms the company's interests.
  • steps taken by the French government to exempt their film industry from the agreement.
  • unions focused on the potential impact on the NHS, saying TTIP would allow private firms to sue the government if it chose to return privately run services to the public sector.
  • ...1 more annotation...
  • Critics say this could lead to lower standards of protection for workers, consumers and the environment, with food safety a particular concern for some.
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