TTIP and Global Growth 34th Annual Monetary and Trade Conference Philadelphia April 19, 2016
Damien Levie Head of Trade & Agriculture Section EU Delegation in Washington DC 1
Disclaimer All views expressed are purely personal and should not be considered as representative of the European Commission’s official position. Neither the European Commission nor any person acting on behalf of the Commission is responsible for the use which might be made of the following information.
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1 – The EU's Trade Policy
2 – TTIP in brief 3 – TTIP and Global Growth 4 – TTIP Public Debates
5 – TTIP State of play 3
The EU’s Trade Policy • Pursue active negotiating agenda Multilateral Trade Agreements Bilateral Trade Agreements
• Deepen relations with strategic partners • Enforce EU rights, tackling trade barriers
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EU Bilateral trade agreements
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TTIP: in brief
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TTIP: in brief Aims •
Contribute to growth
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Strengthen the transatlantic relationship
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Exercise leadership in global standard setting
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What do we negotiate? A. More business opportunities
B. More compatible rules & procedures
C. Improved trade & investment rules
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What do we negotiate? A. More business opportunities •
Tariffs Elimination
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Services' Barriers
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Public Procurement
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Investment
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What do we negotiate? A. More business opportunities – Challenges
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Tariffs: Sensitivities – Rules of Origin
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Investment & Services: Traditional differences & sensitivities – TISA
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Public Procurement: Sensitivities – Mismatch in perceptions
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What do we negotiate? A. More business opportunities – State of Play
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Tariffs: 2 successive offers: Feb 2014 & Oct 2015
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Investment & Services: 2 successive offers and text proposals
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Public Procurement: Initial offers Feb 2016 – text proposals
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What do we negotiate? B. More consistent rules • Delivering in key sectors • Improved cooperation between regulators
• Making our regulatory systems more compatible
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What do we negotiate? B. More consistent rules ► Regulatory compatibility & Non Tariff Barriers ► Sectors: • Cars, Chemicals, Textiles, • Medical devices, Pharma, Cosmetics, Machinery, ICT, Pesticides • Food and Agricultural products (SPS) • Financial Services
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What do we negotiate? B. More consistent rules – State of Play
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Regulatory Coherence: TBT: Text proposals tabled SPS: Financial Services Sectors: Cars, Chemicals, Textiles, Medical devices, Pharma, Cosmetics, Machinery, ICT, Pesticides 14
What do we negotiate? C. Improved trade & investment rules • • • • • • • •
Customs and trade facilitation Energy and raw materials Investment Protection / ICS State-owned enterprises IPR / Geographical indications Sustainable development Competition SMEs 15
What do we negotiate? C. Improved trade & investm't rules – State of Play
Texts tabled: • Customs and trade facilitation, Investment Protection, Competition, SMEs, State-owned enterprises, IPR / Geographical indications, Sustainable development Concept papers: • Energy and raw materials
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What do we negotiate? C. Improved trade & investm't rules – Challenges
Illustrative examples:
• Energy and raw materials • IPR / Geographical indications • Sustainable development
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TTIP and Global Growth
• Launched as a bilateral agreement • Impact identified early on
• Differentiated impact
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TTIP public debates 3 myths: Lowering standards ISDS vs. democracy Regulatory Cooperation results in EU losing sovereign right to regulate
February 2015
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TTIP: State of Play
The finishing line?
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Stay informed Commission's TTIP dedicated website http://ec.europa.eu/trade/policy/in-focus/ttip/ Follow us on Twitter @EU_TTIP_team DG TRADE http://ec.europa.eu/trade/
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