The European Union and the United States agreed in 2013 to launch negotiations for the Transatlantic Trade and Investment Partnership (TTIP). Two years and ten negotiating rounds later, where do we stand and what do businesses need to know? TTIP has been criticized for its perceived opaque negotiations, hidden away from public scrutiny. And the TTIP opposition has only gotten more boisterous – German groups are mobilizing the country’s biggest anti-TTIP protest yet, as bus- and train-loads of labor unions, environmentalists, and anti-globalization activists arrive in Berlin.
If successfully concluded, the TTIP would result in the biggest trade deal since the World Trade Organization’s founding 20 years ago. Over and above its potential economic value, there is a common understanding that the deal represents a unique opportunity for the EU and the US to collectively define future global rules and standards.
However, the ongoing negotiations have brought to light several challenges in the EU-US trade relationship. As the 11th round of negotiations takes place in Miami in mid-October 2015, Squire Patton Boggs will convene interested parties for timely discussions on TTIP’s future in both London and Berlin. The discussions will focus on the examination of the current state of play, issues of particular importance in the negotiations, and its likelihood for success.
The first of our TTIP events will be at our office in London on 26 October. Please visit our website for additional details and to register.