Europe’s Bad Trade Gamble?
The start of official talks on a free-trade agreement between the EU and the US reinforces both sides’ shift away from multilateral trade policy in recent years. But, while bilateralism might be the right strategy for America, it could spell serious trouble for Europe.
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PARIS – The start of negotiations for a free-trade agreement between the European Union and the United States – officially called the Transatlantic Trade and Investment Partnership (TTIP) – marks a key turning point for EU and world trade. It also reinforces both sides’ shift away from multilateral trade policy in recent years. That might be the right move for America, but it could spell serious trouble for Europe.