Rule-Makers or Rule-Takers? Exploring the Transatlantic Trade and Investment Partnership

Freya Baetens, Freya Baetens and Koen Berden, Koen Berden and Steven Blockmans, Steven Blockmans and Jonathan Bonnitcha, Jonathan Bonnitcha and Peter Chase, Peter Chase and Michelle Egan, Michelle Egan and Christian Egenhofer, Christian Egenhofer and E. Donald Elliott, E. Donald Elliott and Joseph Francois, Joseph Francois and Caroline Freund, Caroline Freund and Daniel S. Hamilton, Daniel S. Hamilton and Jean Heilman Grier, Jean Heilman Grier and Barbara Holzer, Barbara Holzer and Tim Josling, Tim Josling and Petros Kusmu, Petros Kusmu and Patrick Messerlin, Patrick Messerlin and Gergely Molnar, Gergely Molnar and Paolo Natali, Paolo Natali and Sarah Oliver, Sarah Oliver and Jacques Pelkmans, Jacques Pelkmans and Lauge Poulsen, Lauge Poulsen and Andrea Renda, Andrea Renda and Stefan Tangermann, Stefan Tangermann and Stephen Woolcock, Stephen Woolcock and Jason Yackee, Jason Yackee and Christopher S. Yoo, Christopher S. Yoo (2015) Rule-Makers or Rule-Takers? Exploring the Transatlantic Trade and Investment Partnership. UNSPECIFIED.

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Abstract

The Transatlantic Trade and Investment Partnership (TTIP) is an effort by the United States and the European Union to reposition themselves for a world of diffuse economic power and intensified global competition. It is a next-generation economic negotiation that breaks the mould of traditional trade agreements. At the heart of the ongoing talks is the question whether and in which areas the two major democratic actors in the global economy can address costly frictions generated by their deep commercial integration by aligning rules and other instruments. The aim is to reduce duplication in various ways in areas where levels of regulatory protection are equivalent as well as to foster wide-ranging regulatory cooperation and set a benchmark for high-quality global norms. In this volume, European and American experts explain the economic context of TTIP and its geopolitical implications, and then explore the challenges and consequences of US-EU negotiations across numerous sensitive areas, ranging from food safety and public procurement to economic and regulatory assessments of technical barriers to trade, automotive, chemicals, energy, services, investor-state dispute settlement mechanisms and regulatory cooperation. Their insights cut through the confusion and tremendous public controversies now swirling around TTIP, and help decision-makers understand how the United States and the European Union can remain rule-makers rather than rule-takers in a globalising world in which their relative influence is waning.

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