Energy in TTIP: an economic and strategic interest

The energy chapter in the Transatlantic Trade and Investment Partnership is important from an economic and strategic point of view, BusinessEurope highlighted on 15 July at the TTIP stakeholder event organised in the context of the tenth negotiating round taking place in Brussels this week. Not only EU companies depend on open raw material and energy markets to be able to source at competitive prices and reduce the prohibitively high energy costs that hinder their competitiveness. Access to secure, diversified and reliable energy sources is also in Europe’s strategic interest. European companies ask for provisions in TTIP that will ensure improved market access and transparent, non-discriminatory rules addressing the current US export restrictions.