As the most export-driven major economy in the European Union (EU), Germany stands to benefit greatly from a robust Transatlantic Trade and Investment Partnership (TTIP) agreement.

First and foremost, TTIP presents a unique opportunity for Germany to enhance its already strong economic relationship with the United States (US) (i.e. the number one destination for German exports) and set the standard for economic governance in the twenty-first century. Harmonizing regulatory requirements and eliminating remaining trade barriers would significantly reduce transaction costs for German exporters and contribute to strengthening Germany’s transatlantic bond with the US. A successful agreement would help Germany attract higher levels of foreign investment, while simultaneously boosting export-related industries that drive its economy (i.e. the automobile industry). Moreover, the ratio of German workers employed in export-related jobs is higher compared to most other EU countries. Thus, it seems very likely that Germany would benefit significantly from a comprehensive TTIP agreement, which deepens transatlantic trade ties and fosters global trade.

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Related Experts: Ole Moehr