March 11, 2014
CNBC Cites TTIP Study
One point both sides agree on: There will be a tremendous payoff, after the tough choices are made. The economies together account for 40 percent of global economic output and more than a third of global trade.
For American industry, a new study by the Bertelsmann Foundation, the Atlantic Council and the British Embassy in Washington concludes that 14 industrial sectors will see a boost in exports when the free-trade deal passes. Among the biggest beneficiaries, autos, metals and processed food, chemicals and machinery. The auto industry alone would see exports to the EU increase almost 650 percent from 2012 to 2027 thanks to fewer tariffs and rules, according to the report.
It's not just politicians who have a lot riding on these talks.