The Transatlantic Trade and Investment Partnership (TTIP) between the United States and the European Union. A discussion of its pros, cons and implications

Essai , 2015 , 9 Pages

Politique - Sujet: Globalisation, l'économie politique

The primary purpose of this essay is to address the pros and cons of TTIP, mainly related to the German point of view. Afterwards, some implications and problems of TTIP are presented. Finally, the paper concludes the most important points of this agreement and involves future prospectives for the TTIP between the European Union and the United States. By reading this paper, the reader has the opportunity to form their own opinion on the TTIP based on the comprehensive assets and drawbacks which are submitted.

This paper introduces the Transatlantic Trade and Investment Partnership, called TTIP. TTIP is a trade agreement between the United States and the European Union, which is currently being negotiated. The aim of this convention is to open up the markets on both sides. This includes eliminating tariffs and other trade barriers between the two unions, the United States and the European Union. Furthermore, restrictions for commercial services shall also be reduced, security of investment and the competitive equality shall be improved, and not least the access to public contracts shall be simplified at all levels of government. Therefore, the TTIP is a unique joint project which can obtain considerable growth and em-ployment effects (Bundesministerium für Wirtschaft und Umwelt 2015).

However, there is a lot of criticism and concerns regarding foreign trade between the European Union and the United States, but there are a lot of advantages for both countries as well. Some of the topics are highly controversial mainly due to differing standards and norms of both partners (Beck & Ohr 2014).

Inhaltsverzeichnis (Table of Contents)

• Introduction
• Advantages of the TTIP
• Reduced Trade Barriers
• Economic Growth and Job Creation
• Simplified Regulations and Standards
• Disadvantages of the TTIP
• Potential Negative Effects on Global Trade
• Concerns about Lowering European Standards
• Conclusion

Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)

This essay aims to analyze the potential benefits and drawbacks of the Transatlantic Trade and Investment Partnership (TTIP) between the United States and the European Union, focusing on the German perspective. It examines the implications and problems associated with this agreement, ultimately concluding with a summary of the key points and future prospects for the TTIP.

• Economic growth and employment effects of the TTIP
• Impact of reduced trade barriers on businesses and consumers
• Harmonization of regulations and standards between the EU and US
• Potential negative consequences for global trade and European standards
• Transparency and public perception of the TTIP

Zusammenfassung der Kapitel (Chapter Summaries)

The essay begins by introducing the TTIP and its objectives, highlighting the goal of opening markets and eliminating trade barriers between the US and the EU. It then explores the potential advantages of the TTIP, focusing on the economic benefits of reduced tariffs, increased investment, and job creation. The essay also discusses the potential for harmonization of regulations and standards, leading to simplified procedures for businesses and consumers.

The second part of the essay examines the potential disadvantages of the TTIP, including concerns about negative effects on global trade and the possibility of lowering European standards. The essay also addresses the lack of transparency surrounding the negotiations and the public's apprehension about the potential consequences of the agreement.

Schlüsselwörter (Keywords)

The primary keywords and focus topics of this essay are: Transatlantic Trade and Investment Partnership (TTIP), free trade agreement, trade barriers, economic growth, employment, harmonization of regulations, global trade, European standards, transparency, and public perception.

• Université: University of the Sunshine Coast Queensland
• Année de publication: 2015
• Pages: 9
• N° de catalogue: V321422
• ISBN (ebook): 9783668206762
• ISBN (Livre): 9783668206779
• Langue: anglais
• mots-clé: transatlantic, trade, investment, partnership, ttip, united, states, european, union