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U.S. and E.U. FTA

U.S. and E.U. FTA. Possibility or pipedream?. Overview. -United States and the European Union -Why FTA? -Hurdles to a deal -State of the Union -Conclusion -Thoughts? Questions?. The US and the EUROPEAN UNION.

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U.S. and E.U. FTA

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  1. U.S. and E.U. FTA Possibility or pipedream?

  2. Overview -United States and the European Union -Why FTA? -Hurdles to a deal -State of the Union -Conclusion -Thoughts? Questions?

  3. The US and the EUROPEAN UNION • - Interaction between the US and EU account for $4 trillion in trade, investment, and commercial sales. • -Trade between the 2 regions already accounts for between 40% and 50% of Global GDP (depending on the source). • -Currently secures 15 million jobs • - ex: US investments in France and Belgium alone in 2010 were as high as in India and China combined. • -A study by Sweden’s National Board of Trade said trade between the two sides could jump 20% - upwards of $200 billion annually- if an agressive trade deal were enacted.

  4. WHY FTA? -With a “dead” Doha Round, it gives the US and EU an opportunity to expand trade. -Eliminating existing tariffs would boost two-way trade by $120 billion within five years and and $180 billion the U.S. and E.U combined GDP. -Would add 1.5 percent to 2 percent combined to U.S. and European output.-More Jobs!

  5. Hurdles to A Deal -Agriculture -Food Safety-Environment-Automobiles -Licensing Standards-Labor Standards -Etc. etc. etc…

  6. State of the UNion “Tonight, I’m announcing that we will launch talks on a comprehensive Transatlantic Trade and Investment Partnership with the European Union, because trade that is fair and free across the Atlantic supports millions of good-paying American jobs.”

  7. Conclusion -While a deal may be possible, and desired by many involved parties, inability to compromise on few key issues may stall a deal -Both parties WILL have to compromise on some pieces of a deal if we are to see a Trans-Atlantic trade agreement -Obama has placed a high priority on this issue, but even with the weight of the executive behind the issue, a deal will be a slow, arduous process

  8. Thoughts/comments/questions??

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