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The Transatlantic Trade and Investment Partnership is a proposed trade agreement between the European Union and the United States, with the aim of promoting trade and multilateral economic growth.
M. Kevin Verbelen, Policy Officer at the Flemish Department of Foreign Affairs explained to the audience that TTIP is an agreement under ongoing discussions concerning three broad areas such as market access, specific regulations and modes of co-operation.
To begin with the content of the agreement as well as the reports on TTIP negotiations were classified from the public, but after a proposed draft was leaked in March 2014, the European Commission launched a public consultation on a limited set of clauses and in January 2015 published parts of an overview subsequently increasing its security over its secrecy.
The agreement has been criticized and opposed by unions, charities, NGOs and environmentalists, particularly in Europe but negotiators are confident to reach conclusions one day.
As usual CIDIC opened its HQ to allow a debate on a very important and sensitive subject. We thank M. Verbelen for his contribution, the clarity of his presentation as well as his precise answers to the questions.
The networking was followed by a dinner during which participants had the opportunity to share their views on the subject.