1. EU-US trade relations after President Trump
Laura Puccio
27/11/2017

2. Introduction US new trade agenda:
Protectionist pressures and trade defence measures
Shift from multilateral, plurilateral and regional agreements to bilateral
TTIP has been on hold
TiSA, EGA de facto on hold
Multilateral negotiations in view of MC11 difficult
EU-US trade relations
24/11/2018

3. Small but important areas of progress in EU-US relations
The Privacy Shield
Importance of transatlantic digital economy
2570 organisations have self-certified and are considered active
US seems committed to make the Privacy Shield function
The Privacy Shield has implications beyond the EU: EEA and Switzerland
Article 29 WP has requested to tackle some open questions
Two regulatory agreements were adopted
The Mutual Recognition Agreement (MRA) on Good Manufacturing Practices (GMP)
The Bilateral Agreement between the European Union and the United States of America on Prudential Measures regarding Insurance and Reinsurance
EU- US trade relations
24/11/2018

4. Challenges
Difficult cooperation in multilateral and plurilateral negotiations
US opposition to the ministerial declaration
US has been relatively unengaged in ongoing negotiations (fisheries, public stockholding)
Blocking of the appointments to the WTO Appellate Body
EU, US and China Market Economy Status
US Trade Defence Measures investigations targeting EU MS + section 232 of the Trade Expansion Act
Product
Instrument
Case Status
Initiation
Countries investigated
Forged steel fittings
Anti-Dumping
Investigation
12 October 2017 
Italy 
Ripe Olives
12 July 2017 
Spain 
Countervailing
Citric Acid
23 June 2017 
Belgium 
Residential washers
Safeguard
05 June 2017 
European Union
Solar cells
17 May 2017 
mechanical tubing
10 May 2017 
Germany , Italy 
wire rod
17 April 2017 
Spain , Italy , United Kingdom
Presentation Title
24/11/2018

5. The Possible Scenarios
TTIP resumed
Importance of trade flows between the EU and US with respect to trade in goods, services and investments; rationale for a comprehensive agreement
Divergences and main interests
Other variables that could influence the decision on TTIP: Brexit and TiSA
‘Reduced’ TTIP (very unlikely)
conclusion of regulatory agreements (with or without TiSA resumed)
Reuse the progress obtained on regulatory cooperation to issue stand-alone agreements on some regulatory issues (like in the case of Pharmaceuticals)
Stakeholders pressures
Existing MRA and regulatory chapters in TTIP
No new agreement negotiated focus is on trade defence monitoring
EU-US trade relations
24/11/2018