What is it? The Transatlantic Trade and Investment Partnership (T-TIP) is a proposed “comprehensive and high-standard” free trade agreement (FTA) between the United States and European Union (EU). Both sides seek to liberalize transatlantic trade and investment and set globally-relevant rules and disciplines that could boost economic growth, support multilateral trade liberalization through the World Trade Organization (WTO), and address third-country trade policy challenges.
What is the current status? On March 20, 2013, the Obama Administration notified Congress of its intent to negotiate T-TIP. Negotiations began in July 2013, and five rounds of negotiations have been held to date, with the most recent one in May 2014. Both sides aim to conclude the negotiations in two years, but the likelihood is uncertain given the complexity of the issues.
Date of Report: June 5, 2014
Number of Pages: 2
Order Number: IF00005
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