Trinomics has been awarded a study contract by the European Parliament’s ITRE Committee to assess the potential impacts of TTIP on the European energy markets and manufacturing industries. Since 2013, the European Union and the United States are negotiating a Transatlantic Trade and Investment Partnership (TTIP) also known in the United States as the Transatlantic Free Trade Agreement (TAFTA). The agreement aims at economic growth and the creation of jobs on both sides of the Atlantic Ocean. Main topics include the removal of tariff and non-tariff measures such as technical and safety standards, license obligations, lengthy customs procedures, restrictions on access to public tenders and trade restrictions on products and services in a variety of fields.

This study should inform Members of the European Parliament’s ITRE Committee to establish their own view on the TTIP subject, in particular regarding the assessment of whether and to which extent European energy markets and manufacturing industries would be affected should a trade agreement be signed between the EU and the US in the coming months. In this way, the European Parliament can take an informed decision regarding consent to the agreement or not.

If you have any questions or comments, don’t hesitate to contact Jeroen van der Laan.