AE agus SAM fhoilsiú #TTIP stát-de-imirt mheasúnaithe

Trade Commissioner Cecilia Malmström and United States Trade Representative Michael Froman have today (20 January) published a joint assessment of the progress made in the negotiations for a Transatlantic Trade and Investment Partnership (TTIP) since negotiations started in July 2013.

While nobody thinks immediate progress will be made on TTIP (the Transatlantic Trade and Investment Partnership) under the Trump administration, Trade Commission Trade Commissioner Cecilia Malmström and United States Trade Representative Michael Froman (phictiúr) have published a joint assessment of the progress made in the negotiations since negotiations started in July 2013.

The assessment will be a good point of departure for future negotiations. It is hoped that efforts to resolve the ISDS - dispute resolution mechanism - could be resolved by the European/Canadian initiative to establish a multilateral court for the resolution of disputes.

Malmström said: "As discussed with member states at the last Trade Council in November, this assessment aims to outline and summarize where things stand in the EU-US trade talks, building on our established policy of increased transparency in these negotiations. The EU has left no stone unturned in trying to achieve a balanced, ambitious and high-standard TTIP agreement with clear benefits for citizens, local communities and companies. We have made considerable, tangible progress, as this summary demonstrates. I look forward to engaging with the incoming US administration on the future of transatlantic trade relations."

The joint EU-US report outlines progress made in all areas of the talks, namely on better access to markets for EU and US firms, on simplifying technical regulations without lowering standards and on global rules of trade, including sustainable development, labour and the environment with a dedicated chapter on smaller firms.

In addition to outlining the common ground reached, the report also identifies the areas where significant work remains to resolve differences, including improving access to public procurement markets, providing strong investment protection that preserves the right to regulate, and reconciling approaches to trademarks and geographical indications.

During the past several years, the Commission has published the EU's textual proposals in the TTIP negotiations, along with round reports and position papers, and extensively consulted civil society, making the EU-US trade talks the most transparent bilateral negotiations ever conducted.

Aiseolas

The talks also resulted in a reform of the EU's investment protection provisions in trade agreements based on extensive dialogue with stakeholders, including a public consultation. In November 2015, the Commission put forward a new proposal to replace the outdated investor-state dispute settlement (ISDS) model with a modern and transparent investment court system (ICS) that effectively protects investment while fully preserving the right of governments to regulate.

The economic and strategic rationale for an agreement between the world’s two largest advanced industrial economies remains strong. In the past three years, significant progress has been made towards concluding a balanced and high-standard agreement that boosts growth, improves competitiveness and creates jobs on both sides of the Atlantic.

Tuilleadh eolais

Full text of the joint report
European Commission's website dedicated to TTIP
Data visualisation tool: EU-US trade in your town

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