Trade Sep-Oct Interactive - page 32

M
ore than 150 representatives
from the European Commis-
sion and the United States Trade
Representative started off the
negotiations for a Transatlantic
Trade and Investment Partnership
(TTIP) on July 8th in Washington,
DC. United States Trade Representa-
tive Michael Froman and EU Trade
Commissioner Karel De Gucht
confirmed the strong political
commitment for this project. The
negotiations are currently planned
to come to a close at the end of
2014. Daniel Mullaney, Assistant US
Trade Representative for Europe and
the Middle East, acts as US chief
negotiator. His EU counterpart is the
Director for the USA and Canada at
the European Commission's Direc-
torate General for Trade, Ignacio
Garcia Bercero. Regulators from
both sides are involved in the
negotiation process. Negotiators
have established 24 working
groups, dealing with issues ranging
from Agricultural Market Access to
Intellectual Property Rights to
Energy and Raw Materials. The next
round of TTIP negotiations will take
place during the week of October
7th in Brussels.
Wanted: A Comprehensive
and Ambitious Partnership
for Jobs and Growth
The German Industry – represented
by RGIT and its principals, the
Federation of German Industries
(BDI) and the Association of German
Chambers of Industry and Commerce
(DIHK) – welcomes the launch of
negotiations for a transatlantic trade
and investment partnership. Once
implemented, it will have a signifi-
cant impact on both economies by
fostering growth and by creating
jobs. Estimates show that the
transatlantic economy could grow
by $200 billion per year.
Studies commissioned by the
German Federal Ministry of
Economics and Technology as
well as by the European Commission
clearly indicate that the full poten-
tial of economic benefits and
welfare gains can only be realized
if an agreement covers all sectors
and addresses all barriers to trade.
This is particularly true for small
and medium sized enterprises (SME)
that face de facto barriers to market
entry because of non-tariff barriers
and regulatory discrepancies.
Therefore, the German Industry calls
for a comprehensive agreement.
All components of the TTIP should
be negotiated in parallel and as part
of a single undertaking.
Three areas: Market Access,
Regulatory Cooperation,
and Global Rules
In the area of market access,
the German Industry calls for the
elimination or phasing-out of all
industrial tariffs; the removal of
market barriers for investments and
W A S H I N G T O N U P D A T E
As TTIP Negotiations Start, German Industry
Advocates a High Quality Agreement
by Fabian Wendenburg, BDI, and Dr. Bettina Wurster, RGIT
32
German American Trade Sep/Oct 2013
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