TTIP MindMap Mind Map
 
 
 
 

TTIP MindMap - Mind Map

3 years ago by: WilliamMarchelli
 
 
TTIP Objectives (according to EU)
  • TTIP
    • Scope: US-EU trade agreement - Liberalization of 1/3 of global trade
    • Negotiation start date: somewhere in 1998 - 1st draft 2004
    • Sources
      • General documentation + Factsheets with numbers
        • http://trade.ec.europa.eu/doclib/press/index.cfm?id=1230
      • Economic argument 2-pager
        • http://trade.ec.europa.eu/doclib/docs/2015/january/tradoc_152998.1%20Trade%20in%20goods%20and%20customs%20tariffs.pdf
      • Regulatory argument 2-pager
        • http://trade.ec.europa.eu/doclib/docs/2015/january/tradoc_153002.1%20RegCo.pdf
      • TBT explanations
        • http://trade.ec.europa.eu/doclib/docs/2015/january/tradoc_153003.2%20TBTs.pdf
    • 2 Main Objectives
      • 1st Objective of TTIP: Economic Argument
        • What?
          • Stimulate economy & create jobs
          • Help EU cies grow and compete worldwide
        • How?
          • Remove custom duties & other barriers to trade
        • Why?
          • Custom duties (tariffs) make goods more expensive to trade
            • Effectively hampering EU-produced goods competitiveness on US market
            • Removing most tariffs would "level the playing field" for all cies
        • Result?
          • Better for EU companies
            • They can now access a whole new market = new potential profits
            • They will increase their order pipeline with new customers
              • Immediate savings or leap in competitivity for companies already exporting to the US
            • Enables EU companies to reach a critical size and effectively compete in the global economies
          • Better for EU economies
            • Consumers have access to a wider range of products at a lower price = increase in purchasing power
            • Better employment rate: US companies create new jobs on EU soil
        • Safeguards?
          • Phase-out phases in sectors where removing customs could pose problems for EU companies = allowing cies to adapt
          • Only partially opening strategic markets = sectors where competition could harm EU general interest
      • 2nd Objective of TTIP: Regulatory Argument
        • What?
          • Spur growth & jobs creation in EU (redundant w/ economic argument...)
          • Deliver more choice for consumers
            • Without lowering EU's level of protection
        • How?
          • Eliminating or reducing all transactional costs = harmonization and integration
        • Why?
          • Premise: Globalization is acted and considered overall beneficial
            • To export EU cies need to comply with US regulations and vice-versa. This can be costly, esp. for smaller firms (consider all transactional costs = money & time)
        • Results?
          • Better for companies
            • Saves time and costs for companies to meet common minimum requirements instead of pursuing several labels
            • Saves time in evaluating opportunities - clarifies strategy in goods conception
            • Levels the playing field between companies = foster atomicity of offers and equal opportunities for all firms
          • Better for consumers
            • More competition = more opportunities to raise the quality of products and services
            • Common standards makes it easier for the consumer to make a conscious choice in his/her buying behaviour
        • Safeguards?
          • Each sides right to regulate will be reaffirmated
            • TTIP doesn't set regulation in stone - if public interest is at risk both side need to conjointly regulate or settle the dispute
          • Regulators independance will be ensured = safe from private interests
          • Creation of an international regulatory body - Regulatory Cooperation Body
            • Is there a possibility to include democratic initiative or veto?
    • Controversies and fears
      • Lower protection?
        • No, alignment on standards when possible otherwise EU standards will prevail
      • Limits governments right to regulate?
        • No, TTIP reaffirms the right of gvt to achieve LEGITIMATE policy objectives
      • Circumvention of parliaments and governments?
        • No, EU rules DO NOT change in EU treaties on policy conception
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