TTIP on trial

BusinessEurope was part of an innovative discussion on the Transatlantic Trade and Investment Partnership in the format of a trial, with two sides defending the pros and cons of the agreement. Organised by European Movement International on 17 March, the discussions focused on the regulatory part, investment protection and the benefits of TTIP for the society at large. BusinessEurope re-stated that TTIP aims to improve the regulatory environment for companies doing business across the Atlantic and not to deregulate or reduce the level of standards. TTIP is an agreement that will benefit SMEs in particular, being through the elimination of tariffs – still as high as 20% in many sectors –, the protection of geographical indications or the elimination of unnecessary administrative burdens. TTIP is also an opportunity for the EU and the USA to shape global rules according to high standards; this will translate into concrete benefits for EU citizens. Photos