Transatlantic Trade Goes Global
Negotiations have now commenced between the US and the EU on the Transatlantic Trade and Investment Partnership, potentially the largest regional free-trade agreement in history. If successful, the TTIP would cover more than 40% of global GDP and account for large shares of world trade and foreign direct investment.
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STANFORD – Negotiations have now commenced between the United States and the European Union on the Transatlantic Trade and Investment Partnership (TTIP), potentially the largest regional free-trade agreement in history. If successful, it would cover more than 40% of global GDP and account for large shares of world trade and foreign direct investment. The US and EU have set an ambitious goal of completing negotiations by the end of 2014. Historically, however, most trade agreements have taken much longer to complete.