|Author (Person)||Hamilton, Daniel S.|
|Publisher||Kluwer Law International|
|Series Title||European Foreign Affairs Review|
|Series Details||Volume 21, Number 3, Pages 365-382|
|Content Type||Journal Article|
The Transatlantic Trade and Investment Partnership (TTIP), currently under negotiation by the United States and the European Union is not just another free trade agreement but a means for both parties to move beyond old bilateral disputes to reposition themselves for a world of diffuse power and intensified competition.
Economically, TTIP is an effort to generate jobs and growth on each side of the Atlantic by going beyond traditional at-the-border trade tariffs to tackle regulatory differences in ways that can enhance rather than block growth without lowering standards; and to use transatlantic agreement on such high standards to maintain and lift international standards.
Geopolitically, TTIP can be both a symbolic and practical assertion of Western renewal, vigour and commitment; is an important means to engage rising powers on the terms of their integration into the international order; and is a potentially important instrument to bolster that order.
|Subject Tags||External Trade | Trade Agreements, Trade Policy|
|Keywords||Transatlantic Trade and Investment Partnership [TTIP]
|Countries / Regions||United States|
|International Organisations||European Union [EU]|