• 23-MAR-2015

  • SOURCE: EPP TV

EU-US trade pact needed to adapt to globalisation

The European Union and United States - each other's largest trading partners - are doing about 2 billion euros of trade daily. That stands to grow with the Transatlantic Trade and Investment Partnership, or TTIP. Still under intense negotiation, TTIP could create the world's largest free trade area, with more than half the world's gross domestic product. It would boost the EU's GDP by an estimated half percent, and create hundreds of thousands of jobs by removing trade barriers. The EPP Group supports the effort, while standing by European consumer and environmental standards. Available material includes an edited package.