GA Trade July-Aug 2014 - page 27

TTIP currently faces strong opposi-
tion inGermany. Civil society groups
and NGOs view TTIP as a de-regula-
tion project that would undermine
consumer standards and democratic
rulemaking. Thousands of citizens
have signed petitions to stop
negotiations. German industry
continues to promote the agreement
by highlighting the benefits for
companies and consumers and by
refuting the concerns and allegations
that prevail in the current debate.
Further information, including a BDI
paper called “Myths, Facts and
Arguments”, can be found at
.
Likewise, the Representative of
German Industry and Trade (RGIT) is
promoting the TTIP around the
United States, including panel
discussion inWashington, DC and
Greenville, SC. In addition, TTIP
information and stakeholder events
organized by RGIT and the German-
American Chambers of Commerce
are planned inHouston, Dallas, and
San Francisco. InWashington, RGIT
manages a TTIPworking groupwith
German business representatives.
Conclusion by 2015?
There is no official deadline for TTIP
talks; however, Chancellor Merkel
has stated that negotiations should
be concluded by the end of 2015. We
must also bear inmind that after
negotiations are concluded, the
agreement then has to be approved
by the U.S. Congress as well as by
the European Council, the European
Parliament, and potentially the
legislatures of EUmember states. On
the U.S. side, it is crucial that
Congress grants President Obama
“Trade PromotionAuthority” (TPA)
in order to facilitate Congressional
approval of TTIP.
n
W A S H I N G T O N U P D A T E
About theAuthor
FabianWendenburg, Federation of
German Industries (BDI), SeniorMan-
ager, currently at the Representative
of German Industry and Trade (RGIT)
inWashington
Facts about TTIP negotiations:
Negotiations started in July 2013.
There is no official deadline, but political
leaders have pushed for a swift conclusion
of the agreement.
There are 24 negotiation areas,
dealingwith issues such asmarket access
for goods and services, rules of origin,
protection of IPR, investments
and agriculture.
Negotiations are led byDanMullaney
(Office of theU.S. Trade Representative) and
IgnacioGarciaBercero (EU-Commission).
Congress aswell as the EU Parliament and
EUmember states are consulted and
updated on a regular basis.
Contrary to public perception, negotiators
have alwaysmade it clear the TTIPwill not
lead to lower standards, and that it will not
undermine the right to regulate by theU.S.,
the EU and EUmembers states.
Negotiators have agreed to have a SME
chapter in TTIP designed to facilitate
transatlantic trade and to provide guidance
for small andmedium-sized enterprises.
Resources:
GermanAmerican Trade July/Aug 2014
27
1...,17,18,19,20,21,22,23,24,25,26 28,29,30,31,32,33,34,35,36,37,...40
Powered by FlippingBook