Damien LEVIE TTIP Deputy Chief Negotiator European Commission The EU-US Transatlantic Trade and Investment Partnership (TTIP) II Unites States – European Union Forum Miami Dade College, Wolfson Campus 16 May 2014 Miami

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Why TTIP matters? A "21 st century" trade agreement TTIP challenges 3

Why TTIP matters? EU & US: Top trading partners World's largest trade market 15 million transatlantic jobs €2,4 trillion of mutual investment stocks However, relative importance is in decline 4

Economic Benefits TTIP is a growth and jobs agenda to help: Consolidate the way out to the crisis Increase trade Improve labour markets conditions Rest of the World 5

Benefits for smaller firms Conservas El Raal, S.C.L., of Murcia, Spain, makes canned artichokes and peppers. Ten years ago, 95% of artichokes and peppers imported into the US came from Spain. Now it's only 25%. This is because of the import duty: while products from other countries enter the US duty-free, our shipments are subject to a tax of almost 15%. 6 “The TTIP is vital for us. Once the duties are eliminated, we expect to recover, secure and strengthen our position in the U.S.”

Benefits for smaller firms "We see not only a chance to eliminate specific barriers to trade but also to reduce the psychological gap between entrepreneurs" 7 Integrasys is an SME based in Madrid and specialised in satellite telecommunication systems. Our challenges in exporting to the US To launch sales a foreign company needs to be already somehow established in the US, which requires a lot of effort and investment. There is also a question of perceptions.

A "21st century" trade agreement Aim 1 - More business opportunities Tariffs Services Public procurement Investment 8

A "21st century" trade agreement Aim 2 : More consistent rules ► Regulatory compatibility & Non Tariff Barriers ► Sectors: Cars, Chemicals, Textiles, Medical devices, Pharma, Cosmetics SPS 9

Aim 3 - Better regulatory environment – examples for global rules Intellectual Property Rights Sustainable Development (labour & environment) Energy & Raw Materials Localisation Customs & Trade Facilitation Competition/ State Owned Enterprises 10 A "21st century" trade agreement

TTIP challenges 11 Overall high ambition agreement approved by both sides US Congress Member States & European Parliament

TTIP Challenges (2) Communication issues Right to regulate? Lowering standards? "We'll be working hard to ensure TTIP strengthens consumer and environmental protection", EU-US summit, 26 March Investment Protection / Investor-to-state Dispute Settlement

13 TTIP challenges (3)

Political Calendar 2014 busy political calendar both sides of the Atlantic EU: New parliament and new Commission US: ongoing Trade Promotion Authority discussions and mid- term elections in November 14

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