Policy Documents

The Transatlantic Trade and Investment Partnership: A Roadmap for Success

October 14, 2013

Daniel J. Ikenson writes in this CATO Free trade Bulletin that the potential upside of a comprehensive Transatlantic Trade and Investment Partnership agreement to liberalize trade, investment, and regulatory barriers between the United States and the European Union is substantial. The economic benefits are estimated to be in the range of a $125 billion annual boost to GDP on each side of the Atlantic. Realistically, the benefits will depend on whether the enthusiastic rhetorical commitments to achieving a comprehensive agreement are matched by actual accomplishments on the ground. A comprehensive, ambitious agreement will require the resolution of differences in dozens of areas.