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Username: PrettyWoman

Rating:
Guru Stars

Asked to: Apinya Kamon

Date Created: 08 Jul 2016
Category 28
Tag Financial
Question What is the 'Transatlantic Trade and Investment Partnership (TTIP)'?
Advice from Guru
Hi PrettyWoman,

The proposed Transatlantic Trade and Investment Partnership is a comprehensive trade deal between the European Union and the United States, with the aim to promote trade and boost economic growth. If the partnership is finalized, it will open a market among over 800 million consumers and become the biggest trade agreement ever negotiated. The negotiations by the European Commission and the Executive Branch in the U.S. are ongoing, and few specifics about the deal have been made public, aside from the general objectives. The agreement was set to be finalized in 2014, but is now estimated to take until 2019-2020, which means the next President of the United States will inherit the negotiations.

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