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File 13

The EU and US concluded on November 15, 2013 in Brussels the second round of negotiations for the Transatlantic Trade and Investment Partnership (TTIP). The aim of the TTIP is to liberalise trade and investment between the two potent economic blocs. The TTIP is expected to result in more jobs and more growth and help lift Europe out of the economic crisis. Negotiators discussed investment rules, trade in services, energy and raw materials, as well as a range of regulatory issues, including regulatory coherence, technical barriers to trade and sectoral approaches. A third round is scheduled for December in Washington as both sides work towards a final accord likely to take several years which would cover some 40 percent of global economic output and 50 percent of trade.