Business says: we need TTIP!

The Confederation of Industry of the Czech Republic as a member of BUSINESSEUROPE (BE) declare consent with the position that has been published by BE recently.

 Business says: we need TTIP!

WHY TTIP MATTERS TO EUROPEAN BUSINESS

Together the European Union and the United States account for more than 50% of world GDP in value, 41% of GDP in purchasing power and one third of world trade flows. The two economies are already well integrated. The US is the EU’s principal export destination for both goods (€292billion) and services (€157billion)1. Our economic relationship is unparalleled, anchored by investment ties: The US is Europe’s primary partner both in outward
(€1.4trillion) and inward (€1.3trillion) stock investment. However, a deep and comprehensive TTIP can further enhance our relationship and ensure we
reap the benefits of the existing trade and investment ties more fully.

TTIP can add 0.5 % to GDP growth annually in the EU or €120billion. Gains can materialise through the creation of 1.3million additional EU jobs over 10 years and through the availability of a wider and lower prices choice of goods and services on both sides of the Atlantic.

Considering the importance of the EU and US economies, the agreement will also potentially lead to the establishment of world class rules and standards in a number of areas including product safety and environmental protection.

In sum, TTIP will mean:
1. PRODUCTS ARE BROUGHT TO MARKET CHEAPER AND FASTER
2. DOING BUSINESS IS MADE EASIER
3. HIGH LEVEL STANDARDS ARE HARMONISED AND PROMOTED
4. CREATIVITY AND INNOVATION ARE STIMULATED
5. PUBLIC CONTRACT OPPORTUNITIES ARE MORE ACCESSIBLE
6. MORE INVESTMENT IS ENCOURAGED AND PROTECTED
7. CHOICE OF SERVICES IS WIDENED
8. RAW MATERIALS & ENERGY MARKETS ARE REBALANCED

The following document express in 8 important points our expectations from the TTIP

Download complete document (PDF)