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  4. > TTIP: The Euro-American trade deal which may be undemocratic

Introduction

The deal has started to cause controversy and numerous anti-TTIP organizations have sprung up to try and stop the deal going ahead. Those in favor of the deal suggest that it will remove trade boundaries between the regions benefiting both regions to the tune of billions of dollars. However those against the deal suggest that the result would be disastrous for the sovereignty of EU member states.

Features and benefits

* Learn what TTIP is and the extent of an impact it will have in the two regions.
* Examine the impact that TTIP might have on how the EU and US does business and their respective governmental systems.
* NAFTA provides some insight into how such a huge trade deal might work and we can assess just what elements might be similar.
* Look at whether protesters are right in saying that TTIP could seriously damage the democratic process.
* Is there evidence to support the claims that TTIP could raise billions in extra trade for the two regions?

Highlights

TTIP is new trade deal which is currently under development between the EU and US. The move is intended to reduce any restrictions to trade between the zones and develop a better partnership. The deal is currently in a delicate position as in Europe there has been a strong reaction to try and prevent or change the deal.
One of the studies on which the EU Commission’s impact assessment was based was from the London-based Centre for Economic Policy Research (CEPR). The study, entitled 'Reducing barriers to Transatlantic Trade', outlines the economic effects of TTIP on both the EU and the US.
Campaigners have been angered by a number of elements that may be part of the deal, these include the Investor-State dispute court and the superseding of democratic processes, the allowing of banned products and industries forced through, the reduction in standards and the relatively unhindered nature of current trade between the economic zones.

Your key questions answered

* What is TTIP and who is involved?
* Why are the EU and US wanting to implement the trade deal?
* Why has it caused so much controversy?
* How could it damage or benefit the EU and US?
* What is the current state of the deal?

Table Of Contents

TTIP: The Euro-American trade deal which may be undemocratic
OVERVIEW
Catalyst
Summary
TTIP IS A CROSS-CONTINENT TRADE DEAL
The Transatlantic Trade and Investment Partnership
There is an unusual situation developing around the deal
The USA and EU have very different standards and practices
Current state of negotiations is delicate
WHAT ARE THE POTENTIAL BENEFITS OF TTIP?
The CEPR report suggests a number of key potential benefits
Billions more in trade per year for North America and the EU
Increased exports from both regions
An effective stimulus package for Europe
Increased economic interdependence can bring regions culturally closer
THE POTENTIAL NEGATIVES OF TTIP
Impact on sovereignty and corporate bias via the ISDS
Banned products and industries forced through
Trade tariffs and barriers between the US and EU are low
Focus on privatization not nationalization
Product standards could be reduced significantly in both
UK banking regulations could disrupt US attempts at reform
DID NAFTA WORK FOR NORTH AMERICA?
NAFTA's benefits to the economy
Implications and failures of NAFTA
Mexico
USA
Canada
TTIP AS A DEMONSTRATION OF BUSINESS POWER
Many benefits of TTIP may actually be hard to prove
Mainstream political parties are rallying behind the deal
Corporate lobbying versus small civil society groups
CONCLUSIONS
Increases in respective GDP are likely regardless of TTIP
With current media coverage, it may be difficult to implement
APPENDIX
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