TTIP: The Euro-American trade deal which may be undemocratic

The deal has started to cause controversy and numerous anti-TTIP organizations have sprung up to try and stop the deal going ahead. Those in favor of the deal suggest that it will remove trade boundaries between the regions benefiting both regions to the tune of billions of dollars. However those against the deal suggest that the result would be disastrous for the sovereignty of EU member states.

Scope

Learn what TTIP is and the extent of an impact it will have in the two regions.

Examine the impact that TTIP might have on how the EU and US does business and their respective governmental systems.

NAFTA provides some insight into how such a huge trade deal might work and we can assess just what elements might be similar.

Look at whether protesters are right in saying that TTIP could seriously damage the democratic process.

Is there evidence to support the claims that TTIP could raise billions in extra trade for the two regions?

Reasons to buy

What is TTIP and who is involved?

Why are the EU and US wanting to implement the trade deal?

Why has it caused so much controversy?

How could it damage or benefit the EU and US?

What is the current state of the deal?

Companies mentioned

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Table of Contents

OVERVIEW

Catalyst

Summary

TTIP IS A CROSS-CONTINENT TRADE DEAL

The Transatlantic Trade and Investment Partnership

There is an unusual situation developing around the deal

The USA and EU have very different standards and practices

Current state of negotiations is delicate

WHAT ARE THE POTENTIAL BENEFITS OF TTIP?

The CEPR report suggests a number of key potential benefits

Billions more in trade per year for North America and the EU

Increased exports from both regions

An effective stimulus package for Europe

Increased economic interdependence can bring regions culturally closer

THE POTENTIAL NEGATIVES OF TTIP

Impact on sovereignty and corporate bias via the ISDS

Banned products and industries forced through

Trade tariffs and barriers between the US and EU are low

Focus on privatization not nationalization

Product standards could be reduced significantly in both

UK banking regulations could disrupt US attempts at reform

DID NAFTA WORK FOR NORTH AMERICA?

NAFTA’s benefits to the economy

Implications and failures of NAFTA

Mexico

USA

Canada

TTIP AS A DEMONSTRATION OF BUSINESS POWER

Many benefits of TTIP may actually be hard to prove

Mainstream political parties are rallying behind the deal

Corporate lobbying versus small civil society groups

CONCLUSIONS

Increases in respective GDP are likely regardless of TTIP

With current media coverage, it may be difficult to implement

APPENDIX

Sources

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