TRADE in ACTION|Building a transatlantic marketplace

TRADE in ACTION

The Trans-Pacific Partnership (TPP) faces an uphill battle to ratification. Even before the government shutdown was on the radar, many considered TPP as one of the most ambitious trade negotiations the United States has ever attempted. TPP aims to establish free trade standards between the US and eleven other countries at varying levels of development. Together,  these TPP countries account for 45 percent of American goods exports. That is all fine, but what does it really mean for the average American? Whenever discussing trade policy, the dialogue often revolves around the aggregate benefit. To the average American, this is difficult to understand. Politicians and citizens need numbers they can easily digest in order to understand these ambitious trade negotiations.

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 TTIP Action aggregates the latest news and best analysis from across the United States and European Union on the ongoing negotiations for the Transatlantic Trade and Investment Partnership (TTIP).

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US Trade Representative Michael Froman called European Union Trade Commissioner Karel De Gucht today to share that, regrettably, the ongoing government shutdown in the United States will prevent the Office of the US Trade Representative from proceeding with the second round of negotiations for the Transatlantic Trade and Investment Partnership in Brussels, Belgium starting today. Ambassador Froman expressed his appreciation for the EU's readiness to host the Round. He noted that financial and staffing constraints related to the shutdown make it impossible to send a full team of negotiators; USTR will work with the Commission to craft an alternative work plan that can begin once the US government shutdown ends.

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TTIP Action's What We're Reading aggregates the latest news and best analysis from across the United States and European Union on the ongoing negotiations for the Transatlantic Trade and Investment Partnership (TTIP).

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USTR Froman Addresses Transatlantic Trade at GMF in Brussels | German Marshall Fund During a major address on TTIP at GMF in Brussels, Ambassador Michael Froman emphasized the imperative role a bilateral agreement between the US and EU will play in helping both economies stimulate much-needed growth and job creation. Froman also underlined the need for transparency, participation, and accountability for the negotiations to be successful.

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On September 24th, the Atlantic Council hosted UK Deputy Prime Minister Nick Clegg, and Senators Chris Murphy (D-CT), and Ron Johnson (R-WI) for an in-depth conversation about the economic and geostrategic benefits on offer from an ambitious Transatlantic Trade and Investment Partnership (TTIP).

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Today, the Atlantic Council is launching a new report on the potential impact of an ambitious TTIP on each of the fifty US states, along with our partners at the British Embassy in Washington and the Bertelsmann Foundation. I would encourage each of you to take a look and let us know if you have any questions or comments.

You can read the report here.

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Speeches and Official Announcements

Freeing Transatlantic Trade: The T-TIPping Point
Martin Schulz, president of the European Parliament, fully supports TTIP and freeing transatlantic trade and investment. As he writes, TTIP could be an essential instrument to defend European and American democratic values and the free-market economic model. TTIP brings tangible benefits including €545 in average European family savings and the potential creation of about two million jobs. The ultimate promise of TTIP for millions of Americans and Europeans will be a stronger partnership, a larger market, lower prices, and more jobs.

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Speeches and Official Announcements

The EU's Bilateral Trade and Investment Agreements – Where Are We?
The European Commission released a memo today outlining the status of the EU's various ongoing ilateral trade and investment agreements. First on the list: an upbeat overview of the TTIP negotiations.

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News

The One Solution to Unemployment That Our Leaders Clearly Haven't Thought Of | PolicyMic
A successful conclusion of the Transatlantic Trade and Investment partnership would provide an unparalleled opportunity to boost economic growth and production. TTIP would provide a sizeable boost to household income on either side of the Atlantic. But if the two blocks are going to address chronic youth unemployment, negotiators must tackle a much more fundamental issue as well: education.

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