Transatlantic Trade for All
For a world weary of waiting for the World Trade Organization’s Doha trade round to conclude, the impending Transatlantic Trade and Investment Partnership may seem a boon. But there is a serious downside: the deal could hurt developing-country exporters, unless the EU and the US make a concerted effort to protect their interests.
WASHINGTON, DC – The negotiations to create a Transatlantic Trade and Investment Partnership between the European Union and the United States are being widely welcomed. British Prime Minister David Cameron has called the TTIP a “once-in-a-generation prize,” citing potential gains of £80 billion ($125.5 billion) each for the EU and the US and £85 billion for the rest of the world.