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 (EUR 292 billion) and services (EUR 157 billion). Our economic relationship is unparalleled, anchored by investment ties: the US is Europe’s primary partner both in outward (EUR 1.4 trillion) and inward (EUR 1.3 trillion) 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. Our report “Why TTIP matters to European business” outlines the potential benefits of an EU-US trade agreement in several key areas like: products, doing business, standards, innovation, investment, services, etc.