If concluded, the Transatlantic Trade and Investment Pact (TTIP) would be the largest trade agreement in history. Proponents argue it could generate millions of new jobs and up to €120 billion worth of additional economic output across the EU. However, critics worry that creating the largest free-trade zone in the world (accounting for roughly one-third of global trade) could harm developing countries by reducing their access to European and US markets.
According to one study, countries such as Mexico could see their per capita GDP contract by as much as nine percent. The same study predicts that “virtually all” countries in Asia would suffer a decline in growth of between 0.5 and 2.5 percent.
A more recent study is slightly more optimistic about the impact of TTIP on developing economies, but nevertheless predicts that the region suffering the biggest negative economic impact from TTIP would be Southeast Asia.
To give you an overview of some of the numbers involved, we’ve put together an infographic of facts and figures related to EU-Asia trade as it currently stands. Click the image below for a bigger version.
We had a comment sent in by Tarquin, arguing that TTIP might be the only way for the EU to continue to have an impact in a rapidly globalising world, particularly in terms of setting global trade terms.
To get a reaction, we put Tarquin’s comment to Surin Pitsuwan, former Secretary-General of ASEAN (2008-2012). Was he worried about the negative impact TTIP could have on the economies of Southeast Asia?
Will TTIP hurt developing countries? Let us know your thoughts and comments in the form below, and we’ll take them to policymakers and experts for their reactions!
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Nice to see that tax squeezed European population of lemons get to vote on this. TTIP crime. Thank you Gods of the Brussel sprout Olympus. Thank you
I dont care as long as I dont pay tax two times
dreamofblueskypoetry.blogspot.com
the larges trade agreemen in the history? I prefer the Silk Road… http://en.wikipedia.org/wiki/Silk_Road
??? ???? ??????? ??? ??? – Nataliya Mykolska
that means, what goes out will be taxed !!! because what comes in .. is already taxed !!! isn’t that like a sanction !!! disguised as a pact ??? what about free trade … free markets, and the capacity to reduce taxes and evolve in a one market world, no restraints … that’s why we don’t see most of the goods in Asia, or media, a.s.o. cheap and better than ours !!!
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Is that the same ‘TTIP’ nobody in Europe or Great Britain has been asked if they want but will be forced on us by the unelected European Commission anyway?
Meanwhile the man who really runs the EU reinforces his dictate that ‘national elections mean nothing in the EU’.
It’s time to end the madness, time to end the antidemocratic EU..
http://www.telegraph.co.uk/news/newstopics/eureferendum/11537057/Juncker-blocks-EU-treaty-negotiations-until-after-2019.html
in this video USA officialy admit and clearly explain how they spread war (Ukraine) and damage economies in Europe to prevent a European Union-Russian Federation friendship and coworking that would make USA loose its world leadership, please share worldwide . english language with french subtitles : https://www.youtube.com/watch?v=emCEfEYom4A&hc_location=ufi&app=desktop
It would be nice such a EU-Russia agreement
“Proponents argue it could generate millions of new jobs and up to €120 billion worth of additional economic output across the EU.”
This claim has been recycled every time there is a new trade agreement, anywhere. The claim has always been false. And I am sure that, with the vagueness with which it has been claimed again it will be false again.
“Proponents argue it could generate millions of new jobs and up to ?120 billion worth of additional economic output across the EU.”
This claim has been recycled every time there is a new trade agreement, anywhere. The claim has always been false. And I am sure that, with the vagueness with which it has been claimed again it will be false again.
It is very interesting how this trade agreement is made after the damage of the European economies! I would say it was carefully planed that from 2008 till now the European economies collapse, make a little war in Syria, Ukraine- so they can start agreement with strong U.S.A and a wicked Europe! Bravo E.U. politicians, you’ve succeeded to make European people the slaves of U.S.
If any topic requires an EU referendum this surely does. Junker has far too much power as does the EU. The majority of their actions have morphed to this without due consultation. ‘EU’ started as a loose trading area allowing free thought and fair trade. Look at the USA Canadian stick up and the legal battles going on at the moment.
Certainly. That s the purpose. Isn t it ?!
It will certainly hurt us – that much has been proved. Why is it still on the table?
What standards? TTIP is the opposite of beeing able to impose any kind of standards, its about getting rid of them. Its just a terrible idea.
Stop TTIP!
An ancient greek moto says: ” You cannot pass the same river twice”. Meaning that when you move forward you can never go backwards and have the same route. TTIP is not only bad for Asia, but for the world as a whole. We live in a globalised society with no frames and borders. Adding one is going to impact economy, transportation and new horizons of development and will serve only the profits of the ones that will be advantaged to control TTIP. It reminds me of ACTA, SOPA, PIPA that tried to put prohibitions on the Internet with no apparent profit for the user, but for profound and very powerful to companies like Google, Youtube etc. So, no I do not think TTIP is a good thing to happen
The free market is the best decision.
http://www.atanet.org/onlinedirectories/tsd_listings/tsd_view.fpl?id=13905
Reference my application for e-Residence ETC/ELU/107555/325314
I have today been informed that it has been declined. Please note that I am studying in Malta and I needed the job to continue my studies, also I live here with my Maltese partner. Can you tell me the reason why my application have been refused?
We have made 2 applications one my partner did it for me then I found a job and I wanted to work to continue my studies here in Malta where it is more easier to study then in Albania.
Hope you can review my applications and help me solve my problems.
thanks and regards
Ludjon Hoxha
TTIP will only make US-based multinationals and corporations more powerfull.
Yes
They said : more EU with ?uro will help keeping our jobs ans stay competitive versus USA and others.
Now they say : let’s be partner with the USA to counterbalance Asian economy and impose our standards.
What’s next ?
Without a doubt this is gonna be a disaster for us Europeans.
Trade is global. It needs to be fair & free of fear! Protectionism, punitive tariffs and erecting trade barriers is therefore counterproductive on the long run! A TTIP or FTA’s with other nations or blocks are a sensible balancing act to avoid trade wars- like the 15 year long “EU banana war”- settled in 2009!
http://www.globalissues.org/article/63/the-banana-trade-war
Give & take and the skill of the negotiators (no sell out!) will hopefully produce a win- win solution as long as corporatism will never be allowed to overrule any Members Constitution and Governments/ taxpayers remain indemnified from being ruled or sued by greedy & ruthless (US) multinationals (e.g: GMO’s) Transparency & wide public approval before signing is essential!
Members are however exposed to the theory of “comparative advantage”- which can be both positive & negative. Honestly, nobody really believes or can predict the “gains” or losses in jobs! It should be in nobody’s interest to disadvantage other countries (without a FTA) by design, except by unintentional circumstances.
Is it a race of who can negotiate the most (favorable) FTA’s first?
I hope so
Could we (citizens) have access to trasparent and understandable information about the negotiations that the European Comission is helding with USA & Canada in the name (at least, theoretically) of the EU interests?
@ Carlos Buendia:
How strange it is for us, the citizens of Europe, to be having to ask, as you have rightly done, for full disclosure and democratic rights before being compelled to either agree or disagree with a concept we are being asked to collude in. They are putting to us a secret proposition for our collective consent.
Knowledge is a fundamental necessity of any free people. And the last time I looked we were being told we were a free and democratic union of nations. It is the obligation of those making decisions on our behalf, through our votes, to reveal what those contracts they are signing on our behalf entail. Not to do so is to renege on the position of leadership they profess to adhere to.
Asian countries are not in position to lead the world free and fair trade and less power corporations have not lost our environment and our Euriopean freedom