Is the Ttip a Friend or Foe for Europe? – Research Paper – toguimaraesSearchEssaysSign upSign inContact usTweetIndex/BusinessIs the Ttip a Friend or Foe for Europe?“IS THE TTIP A FRIEND OR FOE FOR EUROPE?”AntĂłnio GuimarĂŁes nÂş12873 Submitted to Professor Miguel Teles Ferreira of tutorial class TAB31, on 24/04/2015This essay approaches the possible outcomes of the Transatlantic Trade and Investment Partnership (TTIP), how this agreement may affect positively or not the European Union and other countries involved, and what is needed to be done for the partnership to go smoothly and create a beneficial situation for everyone. All of the weaknesses of this treaty can be avoided, forearmed or made into strengths through regulation and preparation, and if the European Union makes sure this happens, it will most probably turn this agreement into a great, lucrative and advantageous deal that will lead them to a more evolved and better place to live.
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Pipeline Trans-Atlantic Trade and Investment Partnership (TTIP)[http://www.arstechnica.com/news/2015/04/08/treaties-to-be-treatied-for-Europe/][-26408945.html]
By Peter Gautier
[Updated 05.06.15: Here is an explanation of the document’s text:
I hope this may be of assistance to you or to others. It is hard to determine how much the deal would raise or not. It is clear that the EU is not able to make sure that “free trade” has been extended, even with the benefits of free trade agreements. Even if it were, there are not enough countries to sign up to the FTTP, which would likely mean that we could not be able to sign up to FTTP’s.
I will try to provide you a list and explain some of the proposed changes in the TPR in a short time.
Section 12(a) states that the EU may apply financial sanctions in the event of a breach of this agreement.
Section 12(d) also states that it may terminate a “treaty agreement”.
Section 12(e) states that it may initiate a negotiation on a binding set of rules related to how they shall be applied on behalf of the Member States under existing Trade Agreements, whether in their entirety, or “in part”. Section 12(f) states that “no Member State whose Article 19(d) provides that a customs union or customs regime shall be held to be a party to the Treaties and of an equivalent duty shall be deemed to have made such a treaty with the other Member States.”[2]
The EU seems to have a lot of good ideas here. If the idea of “freedom of navigation” was to be taken as a serious issue the negotiations that followed would be very difficult to solve. I think I understand the technical complexity of the concept. However, it seems as if this is more about “tipping point of a free trade agreement” than “good ideas to think of as a whole”.[3] I wish to add, that the treaty could also be applied without an EU-wide moratorium on trade.
The text is basically “a long-term commitment so that not only our partners have the chance to enjoy the rights of European citizens under the existing treaties but it also provides a framework whereby we can take steps to facilitate their access by other countries to the benefits of the Transatlantic Trade and Investment Partnership.
I know that Article 19 of the Treaty of Rome requires the EU to be a party to every contract that flows through its treaty-making body of the EU-27”. This is obvious because this is the Article that the ECJ said in 2002:It is clear that Article 19 of the Treaty of Rome requires the EU to be a party to every contract that flows through its treaty-making body of the EU-27. If other countries have not ratified the treaty, then they may have a say in future agreements, including the TTIP.This suggests that we should be able to enter into TTIP by treaty. However, if we can’t enter with a deal by treaty, then we would need to consider the issues in the TTIP negotiation, not about “no”, “no” and the “it”. I do not understand why this is not discussed as a part of the TTIP negotiations.The language is too difficult to read and I am not sure it is the right language to make sense of
“The Transatlantic Trade and Investment Partnership (TTIP) is a free trade agreement currently being negotiated between the European Union and the United States. The aim of the agreement is to create growth and jobs on both sides of the Atlantic by removing trade barriers. Removing trade barriers would boost ad facilitate the buying and selling of goods and services, as well as investment in each of the economies.”1
The upside would be a lot of growth for both sides of the agreement, and the downsides can be summarised in some loss of power from the elected entities for organisations and corporations and the confrontation of different food standards and different social and worker’s rights or safety regulations, among other problems.
Both parties, with this agreement, will benefit from a strong and sustainable growth, for both big, medium and small companies and also for the countries themselves, without having to lose or lower too much quality standards. TTIP is about harmonizing standards and regulations to prevent the expense of unnecessary costs that some countries would have to endure in a normal situation, when producing in both sides of the Atlantic.
The acceptance of TTIP would need a significant step on global governance, through the creation of a lot of regulation to prevent this choice from harming any of the sides of the agreement, bringing the United States and the European Union closer together, but without taking too much power from each other. But if this requirement is met, and there are no major complications, both the US, the EU and all the people affected will benefit largely from this partnership.
The world and the economy are evolving, and there is being an accession of globalisation and all of its implications. So the European Union will have to keep up, and this agreement may be the answer.
A EU Trade Commissioner Cecilia Malmström said in a publication of the European Commission that Europe is going through a rough path, and TTIP can help. “At home, it could generate jobs and growth, cut prices when we shop and offer us more choice. And it would boost our influence in the world – by helping us to attract more investment, set high standards in global trade, and project our values.” All of this could be done by eliminating some unnecessary costs and opening the US market to European firms, especially smaller ones. “And it would put in place new rules to make it easier and fairer to export, import and invest across the Atlantic.” Of course there are stet backs. EU has to ensure firstly the protection of Europe’s high standards, including food safety rules; Secondly, the encouragement of “investment while strengthening EU
-led growth strategy, from investment in infrastructure to investment in the fight against climate change; and thirdly, EU and American efforts to deepen Europe’s EU membership. Now, EU and the US are working on TTIP, so we can start discussing it with our European partners.
A quick post on our progress, here is our progress in getting to this point:
• Our European Investment Bank has endorsed the TTIP.
• Over 2,000 foreign investment companies from 10 countries are joining our bank!
• The investment in wind, solar, biofuels and electric power is increasing substantially.
• A recent research by R&D has found that 40% of US companies in the energy sector, including some of the biggest ones in this country and world, are now entering the ‘European energy market’, which would make them even more attractive to European investors.
• A small step in our development strategy, from more jobs, to more investment.
The big winners from this move? From the United States, Canada, the UK, Australia and the Czech Republic, we are seeing huge growth in global markets where many of the benefits of our markets are already being applied, and these are countries such as the United States of America ($1.1 trillion worth = ÂŁ3.9 trillion out of Europe’s total GDP of €4 trillion).
In Germany, where a third of European countries are located or in the eurozone, wind power (which would be cheaper to build), and solar power (which would generate more electricity) are key sources of revenue for companies exporting and operating in Germany. So, the EU has a unique opportunity to make more from its own wind and solar energy in the country.
However, all of these other investments in Germany and the rest of the eurozone are being done in the UK which is also a large market, more expensive and less open.
Furthermore, Germany and the rest of the EU are working on many technical and administrative challenges, which will take many years. And to solve all these challenges, the EU can focus on taking advantage of the opportunities of its European partners, including in its new wind and solar-powered energy sector.
The big story about TTIP in Europe last year is:
• If we had just invested in two or three sectors on which it has been able to grow rapidly, it would have been possible to produce more energy from renewable sources.
• In the US-EU negotiations, we agreed on a single price on greenhousegas emissions for our electricity. Our European partners agreed to a much lower price on energy.
And since we are now at a point where renewable energy will be common, and much more affordable than the US, and since I see lots of opportunities like that, I think it’s time to focus on a third sector that is also growing and is helping to bring on growth: renewable energy.
We can all agree that the long-term success of clean energy is going to depend heavily on how it progresses in the future. However, it is clear that it is not simply the future of renewables that will depend, as the Paris Agreement of 2007 is suggesting, on how clean energy will affect the future of both fossil
1From the website:governments’ rights – to protect people and the environment, or run public services just as they wish.”1 Thirdly, it has to protect our cultural diversity, and ensure that developing countries gain, too.
Samuel Benka, in a publication of the Washington International Trade Association, enforced this idea, stating also that the biggest advantage of this agreement would happen if the EU and the US were to solve the problems regarding regulatory compatibility and coordination. “At the moment, many EU and U.S. standards are comparable but not mutually recognized. This leads to increased costs on both sides of the Atlantic; for instance many products have to go through safety tests twice in order to be certified in both regions. Better compatibility would lead to huge savings and an increase in trade.”2
Dean Baker of the US’ Center for Economic and Policy Research, in a Guardian article of 15 July 2013, agreed with this too, adding that as a growth policy this partnership has no credibility, “but that doesn’t mean that it may not be very important to a number of special interests(…).
Continue for 8 more pages »Read full documentDownload as (for upgraded members)Citation GeneratorMLA 7CHICAGO(2016, 12). Is the Ttip a Friend or Foe for Europe?. EssaysForStudent.com. Retrieved 12, 2016, from“Is the Ttip a Friend or Foe for Europe?” EssaysForStudent.com. 12 2016. 2016. 12 2016 < "Is the Ttip a Friend or Foe for Europe?." EssaysForStudent.com. EssaysForStudent.com, 12 2016. Web. 12 2016. < "Is the Ttip a Friend or Foe for Europe?." EssaysForStudent.com. 12, 2016. Accessed 12, 2016. Essay Preview By: toguimaraes Submitted: December 3, 2016 Essay Length: 2,064 Words / 9 Pages Paper type: Research Paper Views: 455 Report this essay Tweet Related Essays Enhancement Drugs - Friend or Foe? Running head: ENHANCEMENT DRUGS - FRIEND OR FOE? Enhancement Drugs - Friend or Foe? Enhancement Drugs - Friend or Foe? It is not unusual now 495 Words  |  2 Pages Friend or Foe Friends: we all have them. They are the ones you run to for all the gossip; the ones you sit and play video games for 375 Words  |  2 Pages Splenda: Friend or Foe? In 1976 scientists at Tate & Lyle Ltd., a large British sugar refiner, and researchers at the University of London discovered sucralose, a no calorie 488 Words  |  2 Pages Mobile Advertising: Friend or Foe? Mobile Advertising: Friend or Foe? Billboards are long gone. TV’s are as well. Newspapers, sayonara! The next form of advertising is upon us and is 751 Words  |  4 Pages Similar Topics Industrialization Nineteenth Century Europe Philosopher Friend Foe Get Access to 89,000+ Essays and Term Papers Join 209,000+ Other Students High Quality Essays and Documents Sign up © 2008–2020 EssaysForStudent.comFree Essays, Book Reports, Term Papers and Research Papers Essays Sign up Sign in Contact us Site Map Privacy Policy Terms of Service Facebook Twitter