This paper introduces the transatlantic trade and investment partnership (TTIP) which is a free trade agreement between the European Union and the United States. Currently, both partners are negotiating about the content of the agreement. This includes amongst others the removal of trade and non-trade barriers and regulatory issues.
Some of the topics are highly controversial mainly due to differing standards and norms of both partners. After a thorough introduction of the background of TTIP as well as its content, the paper discusses possible benefits and drawbacks. These opportunities and risks are evaluated for both partners, the EU and U.S., but also for other countries that are not involved in discussions.
By reading this paper, the reader has the opportunity to inform himself/herself completely about TTIP and to additionally form an own opinion on TTIP based on the comprehensive benefits and drawbacks that are presented in this paper. At the end, stances of the most important political parties in Germany and America are presented followed by an critical evaluation of TTIP by the author. The paper finishes with a conclusion of the most important axioms of TTIP.
Inhaltsverzeichnis (Table of Contents)
- Introduction
- Background of TTIP
- The Importance of Trade Relations between EU and US
- Reasons for TTIP
- Key TTIP Negotiation Topics
- Market Access
- Regulatory Issues and Non-Trade Barriers
- Rules Addressing Shared Global Trade Challenges and Opportunities
- Benefits of TTIP
- Mutual benefits for the EU and U.S
- Benefits for the Whole World
- Drawbacks of TTIP
- Mutual Drawbacks for the EU and U.S
- Drawbacks for the Whole World
- Discussion
- Statement of Political Parties
- Own Opinion
- Conclusion
Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)
This paper aims to explain the nature and background of TTIP objectively, including its components, and to illustrate the potential benefits and drawbacks of the FTA. The paper will also discuss the perspectives of political parties in Germany and the U.S. and provide the author's own opinion. The paper will conclude with a summary of the most important points and recommendations for future negotiations.- The background and importance of trade relations between the EU and US
- The reasons for implementing TTIP
- Key TTIP negotiation topics, such as market access, regulatory issues, and non-trade barriers
- Potential benefits and drawbacks of TTIP for the EU, the U.S., and the rest of the world
- The perspectives of political parties in Germany and the U.S. on TTIP
Zusammenfassung der Kapitel (Chapter Summaries)
The introduction sets the stage by discussing the ongoing negotiations between the EU and the U.S. for a free trade agreement (FTA) called the transatlantic trade and investment partnership (TTIP). The chapter emphasizes the potential economic benefits of TTIP for both countries, highlighting the removal of trade barriers, simplified investment processes, and the creation of more jobs. The introduction also underscores TTIP's potential as a precedent for future multilateral trade agreements.The following chapter delves into the background of TTIP, examining the importance of trade relations between the EU and the US. The chapter explores the reasons for implementing TTIP, including the need to boost economic growth and competitiveness and address shared global trade challenges and opportunities.
The next chapter focuses on the key negotiation topics of TTIP, including market access, regulatory issues and non-trade barriers, and rules for addressing shared global trade challenges and opportunities. The chapter provides a detailed explanation of these topics, highlighting the complexities and potential challenges involved in the negotiations.
The subsequent chapter analyzes the potential benefits of TTIP, exploring both the mutual benefits for the EU and the U.S. as well as the benefits for the whole world. The chapter examines the positive impacts of TTIP on economic growth, job creation, and overall prosperity.
Schlüsselwörter (Keywords)
The key topics of this paper focus on the transatlantic trade and investment partnership (TTIP) and its potential impact on the European Union (EU), the United States (U.S.), and the world. It examines the benefits and drawbacks of TTIP, including the removal of trade barriers, the creation of jobs, and the promotion of economic growth. Other important concepts include the World Trade Organization (WTO), free trade agreements (FTA), and regulatory issues.- Quote paper
- Ramona Mayer (Author), 2014, Transatlantic Trade and Investment Partnership (TTIP). A Discussion about Benefits and Drawbacks, Munich, GRIN Verlag, https://www.grin.com/document/288972
