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In October 2018, President Trump announced his intention to open trade negotiations with three new markets, one of which is the EU. President Trump`s goal is to open new markets for American farmers and businesses, where they currently face considerable obstacles. The United States and the European Union together account for 60% of global GDP, 33% of world trade in goods and 42% of world trade in services. There are a number of trade disputes between the two powers, but both depend on the economic market of the other, and disputes concern only 2% of total trade. A free trade area between the two countries would potentially be the largest regional free trade agreement in history and would cover 46% of global GDP. [30] [31] Although they tend to make headlines, these disputes currently affect only about 2% of EU-US trade. Few people can access documents known as “consolidated texts,” projects that contain the most recent results of the negotiations. On the European side, the negotiators of the European Commission (mostly from the Directorate General of Trade), MEPs from the European Union and MEPs from the European Union. [65] At the insistence of the United States, the documents are no longer transmitted as electronic documents or even printed. [5] They are only available in secure premises at the European Commission headquarters in Brussels, in a number of US embassies[5] and in the offices of The Trade Ministries of the Member States.

[65] In all of these secure rooms, phones or any other type of scanning devices are prohibited. [5] Blank sheet of paper bearing the reader`s names are available, on which visitors can write down their notes. [65] On the U.S. side, the procedure is similar: only senators and USTR negotiators can access the documents and must meet similar conditions. [5] The United States has emphasized the same security precautions for proposed Trans-Pacific Partnership proposals. [5] In response to the criticism, the European Commission published negotiating documents months after its revelations by Greenpeace, including all EU proposals in the regulatory and regulatory components of the agreement. [64] [76] [77] The Trade Commissioner described the negotiations as “the most transparent trade negotiations ever conducted by the EU”. [78] In January 2019, the U.S.

Trade Representative issued negotiating targets for a U.S.-EU trade agreement, and last year President Trump threatened to impose a tariff on European car imports, and implementation of that threat was delayed until mid-2020. In 2019, the US and EU have concluded a number of trade agreements, including an agreement to facilitate the export of US beef to the EU. Liberalisation of cross-border trade in services; and the European Commission says TTIP would boost the EU economy by 120 billion euros, the US economy by 90 billion euros and the rest of the world by 100 billion euros. [7] According to Anu Bradford, a law professor at Columbia Law School, and Thomas J. Bollyky of the Council on Foreign Relations, TTIP aims to “liberalize one-third of world trade” and create millions of new jobs. [8] An article in Dean Baker`s Guardian of the AMERICAN think tank Center for Economic and Policy Research[10][11] argued that the economic benefits per household would be relatively small. [12] According to a report by the European Parliament, the impact on working conditions ranges from job gains to job losses, depending on the economic model and assumptions used in the forecasts. [13] The EU has trade agreements with these countries/regions, but both sides are now negotiating an update. A KU Leuven paper, estimated in 2018 by economists at KU Leuven, estimated that a “deep” free trade agreement such as TTIP between the US and the European Union would increase EU GDP by 1.3% and US GDP by 0.7%.

[73] These benefits would be mainly attributable to the removal of non-tariff barriers. [73] In early 2013, Canadian media observers