Policy Network:
The price of failure on TTIP may be high
23 April 2015
Article by Dennis Novy
TTIP could be the most ambitious free trade agreement in history. It has the potential to benefit millions of consumers and might be the last opportunity for individual European countries to set high-standard global trade rules fit for the 21st century . If successfully concluded, the Transatlantic Trade and Investment Partnership (TTIP) would be the most ambitious free trade agreement in history. This is partly because of its sheer scale - the EU and the United States represent about 45 per cent of global output. It is also partly because of the attempt to tackle non-tariff barriers and regulation. In the past, trade agreements were mainly about cutting tariffs, and that was relatively easy.
This article was published online by Policy Network on April 23, 2015
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Related links
Dennis Novy webpage
Globalisation Programme webpage
Dennis Novy CEP publications webpage