Transatlantic Agreement

While Republican divisions in the House of Representatives have become infamous in recent years, fueled by the rise of the Tea Party, trade policy is still the subject of a lasting consensus, at least in previous votes. While there have been predictions that Tea Party House Republicans will be wary of globalization and open trade after the 2010 election, the exact opposite has happened. Members of the Tea Party House saw the trade deals as an encouragement to their goal of reducing the size of government and deregulating markets. Thus, in 2011, they voted overwhelmingly in favor of ongoing free trade agreements (only eight out of eighty-nine newcomers voted against Colombia and Panama and only seven against Panama). Most U.S. Agricultural sector has lined up to strongly support AAA adoption. Footnote 11 When the details of the agricultural negotiations were disclosed in the TPP or communicated to them by the USTR, many major agricultural lobby organizations expressed support for the direction and outcome of the negotiations, including the outcome of the decisive bilateral negotiations with Japan. For this, the American Farm Bureau, the National Cattlemen`s Association, and grain representatives (wheat, corn) all supported the TPP. It is essential that the politically interconnected National Pork Producers` Council has expressed its satisfaction with Japan`s bilateral commitments. The conclusion of the TPP negotiations also had a significant impact on the attitude of agricultural organisations. They strongly supported the TPP and told the Obama administration that the provisions of this agreement should serve as a model for the future TTIP. Footnote 12 U.S. investment in the European Union is three times larger than U.S.

investment across the Asian continent, and EU investment in the United States is eight times larger than European Union investment in India and China combined. Intra-company transfers are estimated to account for one third of total transatlantic trade. The United States and the European Union are the main trading partners of most other countries in the world and account for one-third of global trade flows. Given the already low tariff barriers (below 3%), the aim is to eliminate non-tariff barriers in order to make the agreement a success. [33] The Transatlantic Trade and Investment Partnership (T-TIP) is an ambitious, comprehensive and high-quality trade and investment agreement negotiated between the United States and the European Union (EU). T-TIP will help create opportunities for American families, workers, businesses, farmers and ranchers by improving access to European markets for made-in-America goods and services. This will help promote U.S. international competitiveness, jobs, and growth.

While there are TTIP-specific factors, the negotiations will also clash with the broader political dynamics of the current United States. . . .

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