Transatlantic Trade And Investment Partnership Case Study

TOPIC: Assessment of suitability of Transatlantic Trade and Investment Partnership COUNTRY: Sweden COMMITTEE: World Trade Organization (WTO) The Transatlantic Trade and Investment Partnership (TTIP) is a proposed trade agreement between the European Union (EU) and the United States (US) with the aim of promoting trans-border trade and multilateral well planned global economic growth. However it has an increasing percentage of opposition in case of both the sides of the Atlantic Politicians, civic organizations and trade unions are discussing and arguing that TTIP, as initially framed will not be the positive force for the global job market and economic growth that it was set out to be, but instead constitute a probable threat to local labor
Especially considering Sweden’s strong dependency on imports and exports. The population of Sweden firmly believes that specification and harmonization of the regulatory frameworks would cut production and trading costs and stimulate the flow of trade, and finally that the agreement would further boost transatlantic investments and result into an effective economic growth. TTIP positive Swedish trade unions have caveats specified and added to their support. In a series of policy document from 2014, that was accepted and adopted by the LO, boards of the Swedish Confederation of Professional Associations (Saco) and the Swedish.Confederation of Professional Employees, (TCO), the three trade unions outlined their position. TTIP- positive Swedish trade unions have caveats modified and added to their support Opposition regarding the agreement as it is now designed exists since it constitutes a threat against democracy, labor legislation and the environment. And even the supporters believe that.these considerations must be taken into account. Three sensitive areas to TTIP
Though TTIP was proposed by the US to the EU.for a better economic collaboration yet a minor percentage of population of the US and almost all the countries falling under EU are uncertain and unsure about the outcomes of such an international trade treaty even after the last conference of the TTIP, 15th round of negotiation in New York, 7th April, 2016. TTIP is such an agreement that will not only benefit US or the nations under EU individually but it will also help all the member nations to build more bridges and fewer borders in terms of economic cooperation at a global level. Yet this proposal needs to be amended so that the standard of quality of both goods and services as per country requirements are compromised. Eliminating trade barriers is a must to increase the flow of trans-border trade but we need to keep in the system of tariff under considerations as it contributes largely in the economy of many nations. It is a must to keep in our.minds that global economic growth is the optimum key to the progressive.economy of every nation and also.plays an important in the reconstruction of our