As the one-year anniversary of negotiations for the Transatlantic Trade and Investment Partnership (TTIP) approaches, it’s time to recognize the proposal’s potential “to generate growth not only in Europe and the United States, but also in the developing world,” write Anne Ruth Herkes and Miriam Sapiro in the following opinion piece. Herkes was state secretary at the German Ministry of Economics and Technology from 2012 to 2014. Sapiro was deputy US trade representative from 2009 to 2014 and is a visiting fellow at the Brookings Institution.
Is TTIP Worth the Trouble? If the answer is yes, then US and EU leaders have their work cut out this week at the G-7. As they sit down in Brussels to discuss a number of challenges, they should include the imperative of forging a stronger Transatlantic Trade and Investment Partnership, known as TTIP. As the negotiation’s one-year anniversary approaches, it is the right time to make the case, publicly and forcefully, that the agreement is needed to generate growth not only in Europe and the United States, but also in the developing world.
Source: Wharton School of the University of Pennsylvania
Published: March 6, 2014