What is TTIP about?
The EU is negotiating a trade and investment deal with the US - the Transatlantic Trade and Investment Partnership - or TTIP. See the EU negotiating texts and factsheets, chapter by chapter
With TTIP, we want to help people and businesses large and small, by:
- opening up the US to EU firms
- helping cut red tape that firms face when exporting
- setting new rules to make it easier and fairer to export, import and invest overseas.
More on the Contents of TTIP
Europe currently faces big challenges, like:
- kick-starting our own economy
- responding to conflicts close to our borders
- adapting to other, emerging economies outside Europe
- maintaining our influence in the wider world.
An independent study and past EU trade agreements suggest TTIP would help, by:
- generating jobs and growth across the EU
- cutting prices when we shop and offering us more choice.
TTIP could also help us in the EU to:
- influence world trade rules
- project our values globally.
But TTIP can't be a deal at any price. And people naturally have questions and concerns about the talks – which it's our job to understand and address.
For example, we must ensure:
- products imported into the EU meet our high standards that:
- protect people's health and safety, and the environment
- benefit society in other ways.
- EU governments fully maintain their right to:
- adopt rules or laws to protect people and the environment
- run public services however they wish
More on TTIP's Impact
In 2013 EU governments gave the Commission a mandate to negotiate TTIP.
Now we're involving them as we negotiate, along with:
- the European Parliament
- business and trade unions
- consumer, health and other public interest groups
- the public.
And when we have a final text, it'll be governments and MEPs who decide.
More on the TTIP negotiating Process