During the G8 Summit in June 2013, the United States of America and the European Union, the world’s leading economies, launched talks of the Transatlantic Trade and Investment Partnership (TTIP): a proposed international trade and investment agreement. The TTIP is said to create the world’s largest free trade area and to boost both US and EU economic growth. The TTIP will also create extra jobs, as well as cheaper products and services. Additionally, there will be more commercial interaction between the US and the EU.
Negotiations on TTIP have largely been held in secret, but opposition to TTIP is growing and has already led to demonstrations in the past. The agreement raises a lot of questions about, for example; product standards, food safety, the quality of products and services, transparency and environmental protections in TTIP. One of the most controversial elements of the proposed agreement is the Investor-State Dispute Settlement provision. There are a lot of concerns about this provision, because it will give private investors the right to hold governments liable through arbitral tribunals for the loss of future profits. Especially in Europe, and also in the Netherlands, TTIP is a hotly debated topic.
How can the negotiators overcome these potential dangers? What are the effects for current EU regulations? Is TTIP a threat to European democracy? Is TTIP a good idea?
Next week, on Thursday November 5, 2015 the Peace Palace Library will organize in cooperation with NGIZ Club Clingendael an evening of lectures and discussions on international trade. The main focus will be on the development of TTIP and its effects. The masterclasses will represent both economic and judicial perspectives on trade.
For more information about the programme, please click here.
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A selection of relevant publications from the Peace Palace Library collection
- Fahey, E. and D. Curtin, A Transatlantic Community of Law: Legal Perspectives on the Relationship between the EU and US Legal Orders, Cambridge, Cambridge University Press, 2014.
- Weaver, M., "The Proposed Transatlantic Trade and Investment Partnership (TTIP): ISDS Provisions, Reconciliation, and Future Trade Implications", Emory International Law Review, 29 (2014), No. 1, pp. 225-275.