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Post-Brexit Global Trade Relations: The Death of TTIP?

Published online by Cambridge University Press:  06 March 2019

Amanda Lyons-Archambault
Amanda Lyons-Archambault*
Affiliation:
Student at Washington & Lee University School of Law [[email protected]]

Extract

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Prior to Britain's popular referendum on whether to remain a member of the European Union, parts of the public in Britain and other European states had already expressed a great range of emotions concerning on-going negotations between the European Union and the United States regarding the bi-lateral Transatlantic Trade and Investment Partnership, more commonly referred to as “TTIP.” In February 2013, the European Commission optimistically projected that TTIP “would be the biggest bilateral trade-deal ever negotiated,” with the potential to “add 0.5% to the EU's annual economic output.” Most notably, TTIP seeks to streamline administrative rules and technical product standards in order to remove trade barriers, and aims to “achieve ambitious outcomes” across three broader areas—(a) market access, (b) regulatory issues and non-tariff barriers, and (c) rules, principles, and new modes of cooperation to address shared global trade challenges and opportunities.

Type
Brexit Special Supplement
Information
German Law Journal , Volume 17 , Issue S1: Brexit Special Supplement , 01 July 2016 , pp. 39 - 44
Copyright
Copyright © 2016 by German Law Journal, Inc. 

References

1 European Union and United States to launch negotiations for a Transatlantic Trade and Investment Partnership, MEMO 13/95, European Commission (Feb. 13, 2013) http://trade.ec.europa.eu/doclib/press/index.cfm?id=869.Google Scholar

2 Id. at 1.Google Scholar

3 European Commission Fires Starting Gun for EU-US Trade Talks, European Commission (Mar. 12, 2013) http://trade.ec.europa.eu/doclib/press/index.cfm?id=877.Google Scholar

4 http://ec.europa.eu/trade/policy/in-focus/ttip/documents-and-events/index_en.htm#negotiation-rounds Google Scholar

5 Ignacio García Bercero, EU Chief Negotiator for TTIP, Remarks at the Conclusion of the 13th TTIP Negotiation Round (Apr. 29, 2016) (transcript available at http://trade.ec.europa.eu/doclib/docs/2016/april/tradoc_154480.pdf).Google Scholar

6 Nick Dearden, TTIP is a Very Bad Excuse to Vote for Brexit, The Guardian (Apr. 25, 2016) https://www.theguardian.com/commentisfree/2016/apr/25/ttip-vote-brexit-barack-obama-leave-eu-trade-deal.Google Scholar

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9 See generally Netherlands, Greenpeace, TTIP Leaks, https://www.ttip-leaks.org/.Google Scholar

10 Id. Google Scholar

11 Id. Google Scholar

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13 Id. Google Scholar

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15 Id. Google Scholar

16 Harry Cockburn, TTIP: UK Will be Powerless Against Trade Deal Outside EU, Say Campaigners, The Independent (June 23, 2016), http://www.independent.co.uk/news/business/news/ttip-eu-referendum-brexit-leave-uk-powerless-trade-a7095846.html.Google Scholar

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18 Ian Johnston, ‘TTIP on Steroids’: Campaigners Warn Post-Brexit UK Faces ‘Disastrous’ Trade Deal with the US, The Independent (June 24, 2016), http://www.independent.co.uk/news/uk/politics/ttip-brexit-uk-steroids-disastrous-global-justice-now-war-on-want-a7099986.html.Google Scholar

19 See, e.g., Johnston, supra note 18 and Dearden, supra note 6; see also Helm, Tim & Rawnsley, Andrew, David Cameron Says State Pensions Could Be at Risk if Brexit becomes Reality, The Guardian (June 11, 2016), http://www.theguardian.com/politics/2016/jun/11/brexit-axe-state-pensions-david-cameron-nhs-cold-reality; Asa Bennett, The EU Referendum Has Plunged Britain into a Topsy-Turvy World of Alice and Wonderland Politics, The Telegraph (June 20, 2016), http://www.telegraph.co.uk/news/2016/06/20/the-eu-referendum-has-plunged-britain-into-a-topsy-turvy-world-o/.Google Scholar

20 For more information about President Hollande's critique of TTIP's embodiement of “unregulated trade,” see Cancian, Dan, Brexit: TTIP Post-Leave Vote Could be Disastrous for Britain, International Business Times (June 24, 2016) http://www.ibtimes.co.uk/brexit-ttip-post-leave-vote-could-be-disastrous-britain-1567318.Google Scholar

21 Id. (“Brexit may well be the last straw that broke the TTIP camel's back.”)Google Scholar