Transatlantic Trade Agreement Pros And Cons

The exit from the global recession can only be achieved together. While the new Minister for Economic Development, Carlo Calenda, hastily stressed that our production standards remain unchanged as part of the TTIP negotiating mandate and indicated that GMOs, public services, culture, rights and consumer protection are not being negotiated, fears that the agreement could be dealt with European democracy are being dispelled by the fact that it has been ratified by the Council of the EU. , the European Parliament and national parliaments must be approved. It follows that citizens – with a veto – are fully represented at all levels. But there are still a number of objections. They were passed on to SIR by Giampiero Bianchi, professor of economic history and work at the University of Cattolica in Rome. It can be said that Italy would benefit greatly from the TTIP agreement. The more open the markets are, the more successful the companies, the growing and the more exports. In addition, we know that our small and medium-sized enterprises are now navigating international markets and ending in between, between large and multinationals. But there is a mistake: the political field does not help public opinion to understand the issues and is therefore again the victim of misunderstandings and closures.¬†According to Professor Bianchi, “the role of politics in historical and economic initiatives such as the Marshall Plan, the ECSC (European Coal and Steel Community), the rise of the ECM (European Common Market) was markedly different.

In these historical phases, he said, there have been major political operations, lively and constructive discussions. But President Trump has not made the treaty a priority. Instead, Trump threatened a transatlantic trade war. As a result, treaty negotiations focus on areas of concern to both sides. Representatives have made progress in harmonizing security audit procedures and other rules. The resulting agreement will be much smaller and less important than the original TTIP. The TTIP is a rather benign acronym that represents the Transatlantic Trade and Investment Partnership. The TTIP is an agreement between the EU and the United States to facilitate trade in the world`s two largest economies. With 820 million consumers and 60% of global GDP among themselves, the U.S.

and European economies could increase by 0.5 percentage points and 0.5 percentage points over TTIP. The idea is to give the reader some ideas to understand this agreement and its clauses, go beyond the official statements of both parties and allow the reader to have objective elements of appreciation to finally have his own opinion on the suitability and final success of such an agreement. In conclusion, Mr. Bianchi pointed out another aspect: “In my opinion, the only possible limitation of TTIP is that there are some ” exclusions”, far too much. In fact, it excludes China and Russia on the one hand. It leaves out the Islamic world, which we should instead address from an institutional and commercial point of view. Similarly, it excludes Africa and Latin America, whereas these large areas should be involved if we intend to overcome the serious tensions we face every day: wars, terrorism, mass migration, refugees, drafts.