Welcome!

News Feed Item

EU-U.S. Trade Negotiators Explore Ways to Help SMEs Take Advantage of TTIP, as Fourth Round of Talks Ends in Brussels

WASHINGTON, March 14, 2014 /PRNewswire-USNewswire/ -- The EU's Chief Negotiator of the Transatlantic Trade and Investment Partnership (TTIP), Ignacio Garcia Bercero, today confirmed that he and his U.S. counterpart, Dan Mullaney, were committed to exploring how to make it easier for smaller firms to take advantage of the gains from the TTIP. His comments came as EU and U.S. officials ended a fourth round of week-long negotiations on an EU-U.S. trade and investment agreement.

Commenting, Mr. Garcia Bercero added that a chapter targeting small- and medium-sized enterprises (SMEs) would be 'a first for the European Union. It shows just how seriously we're taking the issue. Smaller firms employ the vast majority of people in both the EU and the US. They account for two out of every three private sector jobs in the EU. And they're the backbone of our economies, accounting for 99 percent of all businesses in the EU. TTIP would help them expand - generating jobs and growth on both sides of the Atlantic.'

The EU and U.S. also published today a document focusing on smaller firms - how they could benefit from the agreement, and how the two sides plan to help those firms do so.

This fourth round of talks came just a few weeks after EU Trade Commissioner Karel De Gucht met his U.S. counterpart, Ambassador Mike Froman, to review progress so far in the negotiations. In addition to SMEs, EU and U.S. negotiating teams spent the week discussing all three pillars of a future agreement - market access, the regulatory cluster and so-called 'rules' issues.

Steady progress in all three negotiating areas

Market access - here negotiators discussed three core elements - tariffs, trade in services and public procurement.  On tariffs the EU and U.S. had already had an initial exchange of offers. On services and public procurement, negotiators examined how to move towards exchanging offers.

Regulation - negotiators were joined by a broad cross-section of experts and regulators from both sides to discuss:

  • regulatory coherence and increasing regulatory compatibility;
  • technical barriers to trade (TBTs), on which both sides had already made written proposals; 
  • sanitary and phytosanitary (SPS) measures - preparing the ground for written proposals in due course.

The EU and the U.S. also continued to explore ways of achieving greater regulatory compatibility in certain key industries: pharmaceuticals, cosmetics, medical devices, automotive, and chemicals.

Rules - discussions included three areas where negotiators are developing innovative approaches:

  • sustainable development, labour and the environment - to build on what is already covered by existing EU and U.S. trade deals;
  • trade in energy and raw materials - an area in which the EU wishes to include an agreed framework in TTIP;
  • customs and trade facilitation - simplifying and streamlining procedures, especially important, since lengthy, complex customs clearance rules hit smaller firms the hardest and can deter entrepreneurs from selling overseas.

A full day spent with stakeholders

The European Commission is determined to listen to and get feedback from everyone with a stake in the outcome of these negotiations. We are constantly seeking to improve the way we do this - and will continue to do so. For example, in February we launched the TTIP Advisory Group, comprising experts from trade unions, industry, and consumer and environmental groups.

As part of these efforts, the EU also hosted two events on Wednesday, March 12 with civil society during this fourth round. Negotiators interacted with and listened to 90 different presenters representing business, consumer, labour and environmental groups. The presentations enabled stakeholders to engage directly and in detail with negotiators, who in turn gained invaluable insights into the issues covered.

Later in the same day, the EU and U.S. Chief Negotiators met with over 300 stakeholders for two hours. They set out their view on the current status of the talks and next steps, and answered questions.

Next steps

Both the EU and U.S. Chief Negotiators reaffirmed their commitment to making steady progress in all areas of the negotiations throughout 2014. They also agreed to hold a further round of talks in Washington before the summer. The European Commission will confirm the dates as soon as these have been fixed on our dedicated TTIP webpages.

Background

Talks on a future EU-U.S. trade deal started in July 2013 and are set to continue throughout 2014.

An EU-U.S. trade agreement would cut businesses' costs and generate enough growth and jobs to boost the EU economy by up to €120 bn. And it would do so whilst respecting both sides' environmental, labour and consumer protection standards (see this memo (13/211 for more details).

It would also give consumers access to a wider range of high-quality products and services than ever before.

The U.S. is already the EU's number one export market. A new pact would offer still further opportunities to EU companies to export to the US - and encourage U.S. firms to invest even more in Europe than they do now. By doing so, it would help generate the taxes that fund public services across the EU, from healthcare to pensions.

The agreement could benefit the rest of the world, too. Studies suggest it would give economies across Latin America, Africa and Asia a boost of up to €100 bn a year. And help to strengthen global trade related disciplines.

Find out more
Visit the EU's dedicated webpages for updates and background information about the EU-U.S. trade negotiations now underway.

Learn more about how EU and U.S. small- and medium-sized companies could benefit from an agreement: http://trade.ec.europa.eu/doclib/docs/2014/march/tradoc_152266.pdf

And follow the EU's negotiating team on Twitter: @EU_TTIP_team.

www.EUintheUS.org & @EUintheUS

SOURCE Delegation of the European Union to the United States

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
As you move to the cloud, your network should be efficient, secure, and easy to manage. An enterprise adopting a hybrid or public cloud needs systems and tools that provide: Agility: ability to deliver applications and services faster, even in complex hybrid environments Easier manageability: enable reliable connectivity with complete oversight as the data center network evolves Greater efficiency: eliminate wasted effort while reducing errors and optimize asset utilization Security: implemen...
Your homes and cars can be automated and self-serviced. Why can't your storage? From simply asking questions to analyze and troubleshoot your infrastructure, to provisioning storage with snapshots, recovery and replication, your wildest sci-fi dream has come true. In his session at @DevOpsSummit at 20th Cloud Expo, Dan Florea, Director of Product Management at Tintri, provided a ChatOps demo where you can talk to your storage and manage it from anywhere, through Slack and similar services with...
Most people haven’t heard the word, “gamification,” even though they probably, and perhaps unwittingly, participate in it every day. Gamification is “the process of adding games or game-like elements to something (as a task) so as to encourage participation.” Further, gamification is about bringing game mechanics – rules, constructs, processes, and methods – into the real world in an effort to engage people. In his session at @ThingsExpo, Robert Endo, owner and engagement manager of Intrepid D...
Recently, WebRTC has a lot of eyes from market. The use cases of WebRTC are expanding - video chat, online education, online health care etc. Not only for human-to-human communication, but also IoT use cases such as machine to human use cases can be seen recently. One of the typical use-case is remote camera monitoring. With WebRTC, people can have interoperability and flexibility for deploying monitoring service. However, the benefit of WebRTC for IoT is not only its convenience and interopera...
Evan Kirstel is an internationally recognized thought leader and social media influencer in IoT (#1 in 2017), Cloud, Data Security (2016), Health Tech (#9 in 2017), Digital Health (#6 in 2016), B2B Marketing (#5 in 2015), AI, Smart Home, Digital (2017), IIoT (#1 in 2017) and Telecom/Wireless/5G. His connections are a "Who's Who" in these technologies, He is in the top 10 most mentioned/re-tweeted by CMOs and CIOs (2016) and have been recently named 5th most influential B2B marketeer in the US. H...
Michael Maximilien, better known as max or Dr. Max, is a computer scientist with IBM. At IBM Research Triangle Park, he was a principal engineer for the worldwide industry point-of-sale standard: JavaPOS. At IBM Research, some highlights include pioneering research on semantic Web services, mashups, and cloud computing, and platform-as-a-service. He joined the IBM Cloud Labs in 2014 and works closely with Pivotal Inc., to help make the Cloud Found the best PaaS.
Companies are harnessing data in ways we once associated with science fiction. Analysts have access to a plethora of visualization and reporting tools, but considering the vast amount of data businesses collect and limitations of CPUs, end users are forced to design their structures and systems with limitations. Until now. As the cloud toolkit to analyze data has evolved, GPUs have stepped in to massively parallel SQL, visualization and machine learning.
"With Digital Experience Monitoring what used to be a simple visit to a web page has exploded into app on phones, data from social media feeds, competitive benchmarking - these are all components that are only available because of some type of digital asset," explained Leo Vasiliou, Director of Web Performance Engineering at Catchpoint Systems, in this SYS-CON.tv interview at DevOps Summit at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
Everything run by electricity will eventually be connected to the Internet. Get ahead of the Internet of Things revolution. In his session at @ThingsExpo, Akvelon expert and IoT industry leader Sergey Grebnov provided an educational dive into the world of managing your home, workplace and all the devices they contain with the power of machine-based AI and intelligent Bot services for a completely streamlined experience.
"This week we're really focusing on scalability, asset preservation and how do you back up to the cloud and in the cloud with object storage, which is really a new way of attacking dealing with your file, your blocked data, where you put it and how you access it," stated Jeff Greenwald, Senior Director of Market Development at HGST, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
"Venafi has a platform that allows you to manage, centralize and automate the complete life cycle of keys and certificates within the organization," explained Gina Osmond, Sr. Field Marketing Manager at Venafi, in this SYS-CON.tv interview at DevOps at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Creating replica copies to tolerate a certain number of failures is easy, but very expensive at cloud-scale. Conventional RAID has lower overhead, but it is limited in the number of failures it can tolerate. And the management is like herding cats (overseeing capacity, rebuilds, migrations, and degraded performance). In his general session at 18th Cloud Expo, Scott Cleland, Senior Director of Product Marketing for the HGST Cloud Infrastructure Business Unit, discussed how a new approach is neces...
Cloud-enabled transformation has evolved from cost saving measure to business innovation strategy -- one that combines the cloud with cognitive capabilities to drive market disruption. Learn how you can achieve the insight and agility you need to gain a competitive advantage. Industry-acclaimed CTO and cloud expert, Shankar Kalyana presents. Only the most exceptional IBMers are appointed with the rare distinction of IBM Fellow, the highest technical honor in the company. Shankar has also receive...
"We're developing a software that is based on the cloud environment and we are providing those services to corporations and the general public," explained Seungmin Kim, CEO/CTO of SM Systems Inc., in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Business professionals no longer wonder if they'll migrate to the cloud; it's now a matter of when. The cloud environment has proved to be a major force in transitioning to an agile business model that enables quick decisions and fast implementation that solidify customer relationships. And when the cloud is combined with the power of cognitive computing, it drives innovation and transformation that achieves astounding competitive advantage.