Monday, November 2, 2015
Wanted: A TTIP fillip By James Jones
''The U.S. and Europe face significant challenges. The EU is struggling to address a wave of human migration, an auto manufacturing scandal, and the risk of losing the U.K. The U.S. seems afflicted by partisan divisions and declining confidence in the economy. The two can help each other to meet these challenges by accelerating negotiations of the Transatlantic Trade and Investment Partnership. TTIP would not only promote free trade and investment, but also strengthen the transatlantic alliance, the bedrock of Western security.
The two economies account for $35 trillion in GDP. U.S.-EU trade tops $1 trillion annually and accounts for 15 million jobs. U.S. businesses have invested 40 times more money in the EU than in China. The transatlantic sphere is home to the world’s highest environmental, labor and health and safety standards. These protect consumers and result in higher quality exports..''