Advertisement

July 23, 2014

United States, Europe Launch Negotiations on Historic Transatlantic Trade and Investment Partnership Agreement

In his February 12, 2013, State of the Union address, President Obama announced that the United States and the European Union will immediately launch negotiations on a comprehensive Transatlantic Trade and Investment Partnership Agreement.  The new U.S.-EU trade talks will seek to expand the world’s largest economic relationship, now valued at nearly $1 trillion annually, through market reforms and rules of groundbreaking scope.  In addition to eliminating tariffs and other access barriers to goods, services and investments, the negotiations will seek to:

  • Remove costly “behind-the-border” non-tariff barriers, including restrictive food safety, health, consumer and environmental standards
  • Harmonize regulations and product standards in numerous sectors, including chemicals, autos, pharmaceuticals, medical devices and emissions
  • Establish new rules governing global supply chains, local content, state-owned enterprises, trade facilitation, energy, raw materials, data privacy, labor and the environment, competition, and small-to-medium-size enterprises

Any U.S., EU or multinational company or trade association engaged in U.S.-EU trade or investments should be involved in these negotiations to help advance and protect its interests.

In the United States, there will be several near-term opportunities for stakeholders to become engaged in the talks.  During the 90-day period following the President’s notification to Congress of his intent to begin negotiations, the Administration will seek public comments from interested parties on negotiating objectives.  The International Trade Commission will also seek comments on the economic impact of the new agreement.  On the EU side, the European Commission will present draft negotiating directives to the EU Council for approval, with various opportunities for private-sector representations.

© 2014 McDermott Will & Emery

About the Author

Partner

Carolyn B. Gleason is a partner in the law firm of McDermott Will & Emery LLP and is based in the Firm’s Washington, D.C. office. She heads the Firm's International Trade practice.

202-756-8215

About the Author

Philip Bentley, QC, McDermott WIll Emery law Firm, Antitrust Attorney
Partner

Philip Bentley is a partner in the international law firm of McDermott Will & Emery/Stanbrook LLP based in its Brussels office.  He is a member of the Firm’s EU regulatory practice and European Competition and Trade Groups.  His practice focuses on EU anti-dumping, trade defense and customs, EU competition (including State aid and public procurement), EU regulatory matters, notably GMOs, and EU litigation.

32 2 282 35 27
Partner

Pamela D. Walther is a partner in the law firm of McDermott Will & Emery LLP and is based in the Firm's Washington, D.C., office.  She focuses her practice in the international trade area with particular emphasis on trade relief and market access for food and agricultural products.

202-756-8220

About the Author

Partner

Jay L. Eizenstat is a partner in the law firm of McDermott Will & Emery LLP and is based in the Firm’s Washington, D.C. office.  His practice focuses on U.S. and World Trade Organization (WTO) trade law and policy, market access and trade initiatives disputes involving U.S. trade obligations and the WTO, and domestic and international customs matters. 

202 756 8383

Boost: AJAX core statistics

Legal Disclaimer

You are responsible for reading, understanding and agreeing to the National Law Review's (NLR’s) and the National Law Forum LLC's  Terms of Use and Privacy Policy before using the National Law Review website. The National Law Review is a free to use, no-log in database of legal and business articles. The content and links on www.NatLawReview.com are intended for general information purposes only. Any legal analysis, legislative updates or other content and links should not be construed as legal or professional advice or a substitute for such advice. No attorney-client or confidential relationship is formed by the transmission of information between you and the National Law Review website or any of the law firms, attorneys or other professionals or organizations who include content on the National Law Review website. If you require legal or professional advice, kindly contact an attorney or other suitable professional advisor.  

Some states have laws and ethical rules regarding solicitation and advertisement practices by attorneys and/or other professionals. The National Law Review is not a law firm nor is www.NatLawReview.com  intended to be  a referral service for attorneys and/or other professionals. The NLR does not wish, nor does it intend, to solicit the business of anyone or to refer anyone to an attorney or other professional.  NLR does not answer legal questions nor will we refer you to an attorney or other professional if you request such information from us. 

Under certain state laws the following statements may be required on this website and we have included them in order to be in full compliance with these rules. The choice of a lawyer or other professional is an important decision and should not be based solely upon advertisements. Attorney Advertising Notice: Prior results do not guarantee a similar outcome. Statement in compliance with Texas Rules of Professional Conduct. Unless otherwise noted, attorneys are not certified by the Texas Board of Legal Specialization, nor can NLR attest to the accuracy of any notation of Legal Specialization or other Professional Credentials.

The National Law Review - National Law Forum LLC 4700 Gilbert Ave. Suite 47 #230 Western Springs, IL 60558  Telephone  (708) 357-3317 If you would ike to contact us via email please click here.