1. Transatlantic Trade and Investment Partnership (TTIP): - state of play Marino Radačič Americas Unit Czech Ministry of Industry and Trade

2. What is TTIP? A comprehensive EU-USA FTA
Ambitions: more than just tariffs….
A deal by end 2015?
TTIP effects…

3. CZ and TTIP Why CZ supports TTIP? Economic reasons
Strategic and political reasons
TTIP as a fresh impulse for the world economy?

4. CZ and US – traditional partners
Total trade
Overall value: approx 6,6 billon USD
Exports to US: 3,5 billion USD (cca 2,5% of total CZ export)
Imports: 3 billion USD
Investments:
US investment in CZ – 4 billion USD

5. Structure of exports / imports
Commodity structure of CZ exports to US (2013)
Electrical appliances, devices : 500 million USD
Iron and steel products: 420 million USD
Machinery products: 370 mil. USD
Vehicles: 200 mil. USD
Machinery devices: 170 mil. USD
Pharmaceuticals: 160 mi. USD
Commodity structure of CZ imports from USA (2013)
Vehicles and means of transport: 360 mil. USD
Scientific and household devices: 260 mil. USD
Electrical appliances, devices: 232 mil.USD
Pharmaceuticals: 196 mil. USD
Machinery products: 194 mil. USD

6. Czech interests in TTIP
Eliminations of barriers for investments, imports and exports, services…
Why imports?

7. Barriers in mutual trade
Tariff barriers
Average: 4%
Motor vehicles %
Machinery – 12%
Steel products 12%
Non-tariff barriers
Different regulatory requirements
Certification issues
Public procurement in the USA („Buy American“)

8. TTIP is not just about goods…
Trade in services
Investments
Intellectual Property Rights (GIs)
Sanitary and Phytosanitary Rules
Energy

9. Sensitive issues… GMO Hormons in meat production Energy
Investor-state dispute settlement

10. TTIP – where we are…. 8 round of talks so far….
first exchange of tariff offers, services offers, first position papers on regulatory cooperation and sectoral cooperation…
New European Commission in office
Mid-term elections in the US
5 rounds forseen for 2015 including a number of stock-taking events

11. Stakeholder consultation in CZ
CZ Team :
Ministry of Industry and Trade of the Czech Republic
Ministry of Foreign Affairs, Ministry of Agriculture, Office of the Government, other ministries and institutions,
CZ TTIP expert team:
Chamber of Commerce, Confederation of Industry , Trade Unions, Agricultural Chamber, AUTOSAP (Car manufactures) etc.
TTIP Transparency:
EU position papers published including draft chapters..

12. ANY QUESTIONS? Marino Radačič, Policy Officer for TTIP Americas Unit European Union and Foreign Trade Section Ministry of Industry and Trade