The United States and the European Union are the world’s largest economies, accounting for more than 40 percent of world trade. The Transatlantic Trade and Investment Partnership (TTIP), a series of trade negotiations that were mandated for negotiation in 2013, aims to expand and enhance trade and investment relations between the two economies. With about $3.7 trillion at play between the economies, a laundry list of issues is being addressed to move TTIP forward.
In an article appearing in The Law Society Gazette, Bob Kabel, counsel in government advocacy and consulting in FaegreBD’s Washington, D.C. office, and Stephen Llewellyn, business litigation counsel in the firm’s London office, co-authored an article outlining the objectives the governments need to negotiate before TTIP can launch.
“If successful in addressing the U.S. and EU lists of objectives,” the article said, “projections are that trade between the U.S. and EU would expand substantially and further enhance our vital strategic relationship.”