Event:

Transatlantic trade and investment partnership (TTIP): creating regulatory coherence (WP1307)

This TTIP meeting focused on how to achieve the two main goals of regulatory coherence: cooperation on future regulations and making existing regulations more compatible, with particular regard to delivering a substantive TTIP agreement in 2015.

Trade in goods and services between the EU and the US amounts to nearly $1 trillion each year, and total bilateral investment between them to nearly $4 trillion. TTIP aims to remove trade barriers in a wide range of economic sectors to make it easier to buy and sell goods and services between the EU and the US. The agreement could add as much as €120 billion to the EU economy, €90 billion to the US economy, and as much as €100 billion to the rest of the world.

Many of the gains are anticipated to come from tackling non-tariff barriers, on a scale not seen before in a trade deal. If TTIP is to be agreed by 2015 much work has to be done.

The complexity of regulatory barriers and their entrenched nature makes overcoming differences difficult. If TTIP is to reach its full potential and act as a platform for removing regulatory obstacles, regulatory differences must be addressed swiftly. It will not be enough just to identify minor changes and improvements.

The opportunities for regulatory coherence certainly exist. This conference discussed how TTIP can build on these promising prospects to deliver benefits for businesses and consumers, while not reducing the levels of protection expected in developed countries.

Further information

Touchstone blog: Time for some TTIP honesty and transparency


Date:
Mon 17 - Tue 18 February, 2014
Venue:

Wiston House

Wilton Park
Wiston House, Steyning
West Sussex
BN44 3DZ
+44 (0) 1903 815 020
For more information see Your stay at Wilton Park

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Event no:
WP1307
Themes:
Global economy
Tags:
compliance, economy, EU, prosperity, regulation, rules-based systems, tax, trade, transparency
Fee:

Participation is by invitation. There are a limited number of places available on application for experts in the field. If you are interested, please apply now.

Published outputs

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New trade deal negotiation between the EU and USA (WP1307)

Published: 8 Apr 2014

Contacts

Kathryn Hingston: Programme Director

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