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.


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
SYS-CON Events announced today that Impiger Technologies will exhibit in Booth #109 at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Impiger Technologies is a world-class, enterprise software product engineering company specializing in Mobile Application Development, Cloud Applications, Microsoft Technology Solutions, Web Technology and Telecom Services. Impiger Technologies helps enterprises improve busi...
Intelligent machines are here. Robots, self-driving cars, drones, bots and many IoT devices are becoming smarter with Machine Learning. In her session at @ThingsExpo, Sudha Jamthe, CEO of IoTDisruptions.com, will discuss the next wave of business disruption at the junction of IoT and AI, impacting many industries and set to change our lives, work and world as we know it.
In the 21st century, security on the Internet has become one of the most important issues. We hear more and more about cyber-attacks on the websites of large corporations, banks and even small businesses. When online we’re concerned not only for our own safety but also our privacy. We have to know that hackers usually start their preparation by investigating the private information of admins – the habits, interests, visited websites and so on. On the other hand, our own security is in danger bec...
SYS-CON Events announced today that Enzu will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Enzu’s mission is to be the leading provider of enterprise cloud solutions worldwide. Enzu enables online businesses to use its IT infrastructure to their competitive advantage. By offering a suite of proven hosting and management services, Enzu wants companies to focus on the core of their online busine...
The explosion of new web/cloud/IoT-based applications and the data they generate are transforming our world right before our eyes. In this rush to adopt these new technologies, organizations are often ignoring fundamental questions concerning who owns the data and failing to ask for permission to conduct invasive surveillance of their customers. Organizations that are not transparent about how their systems gather data telemetry without offering shared data ownership risk product rejection, regu...
The Open Connectivity Foundation (OCF), sponsor of the IoTivity open source project, and AllSeen Alliance, which provides the AllJoyn® open source IoT framework, today announced that the two organizations’ boards have approved a merger under the OCF name and bylaws. This merger will advance interoperability between connected devices from both groups, enabling the full operating potential of IoT and representing a significant step towards a connected ecosystem.
Kubernetes, Docker and containers are changing the world, and how companies are deploying their software and running their infrastructure. With the shift in how applications are built and deployed, new challenges must be solved. In his session at @DevOpsSummit at19th Cloud Expo, Sebastian Scheele, co-founder of Loodse, will discuss the implications of containerized applications/infrastructures and their impact on the enterprise. In a real world example based on Kubernetes, he will show how to ...
November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Penta Security is a leading vendor for data security solutions, including its encryption solution, D’Amo. By using FPE technology, D’Amo allows for the implementation of encryption technology to sensitive data fields without modification to schema in the database environment. With businesses having their data become increasingly more complicated in their mission-critical applications (such as ERP, CRM, HRM), continued ...
Enterprises have been using both Big Data and virtualization for years. Until recently, however, most enterprises have not combined the two. Big Data's demands for higher levels of performance, the ability to control quality-of-service (QoS), and the ability to adhere to SLAs have kept it on bare metal, apart from the modern data center cloud. With recent technology innovations, we've seen the advantages of bare metal erode to such a degree that the enhanced flexibility and reduced costs that cl...
SYS-CON Events announced today that Embotics, the cloud automation company, will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Embotics is the cloud automation company for IT organizations and service providers that need to improve provisioning or enable self-service capabilities. With a relentless focus on delivering a premier user experience and unmatched customer support, Embotics is the fas...
SYS-CON Events announced today that Cloudbric, a leading website security provider, will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Cloudbric is an elite full service website protection solution specifically designed for IT novices, entrepreneurs, and small and medium businesses. First launched in 2015, Cloudbric is based on the enterprise level Web Application Firewall by Penta Security Sys...
Smart Cities are here to stay, but for their promise to be delivered, the data they produce must not be put in new siloes. In his session at @ThingsExpo, Mathias Herberts, Co-founder and CTO of Cityzen Data, will deep dive into best practices that will ensure a successful smart city journey.
Governments around the world are adopting Safe Harbor privacy provisions to protect customer data from leaving sovereign territories. Increasingly, global companies are required to create new instances of their server clusters in multiple countries to keep abreast of these new Safe Harbor laws. Is it worth it? In his session at 19th Cloud Expo, Adam Rogers, Managing Director of Anexia, Inc., will discuss how to keep your data legal and still stay in business.
In his session at 19th Cloud Expo, Nick Son, Vice President of Cyber Risk & Public Sector at Coalfire, will discuss the latest information on the FedRAMP Program. Topics will cover: FedRAMP Readiness Assessment Report (RAR). This new process is designed to streamline and accelerate the FedRAMP process from the traditional timeline by initially focusing on technical capability instead of documentation preparedness. FedRAMP for High-impact level systems. Early in 2016 FedRAMP officially publishe...
Qosmos, the market leader for IP traffic classification and network intelligence technology, has announced that it will launch the Launch L7 Viewer at CloudExpo | @ThingsExpo Silicon Valley, being held November 1 – 3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. The L7 Viewer is a traffic analysis tool that provides complete visibility of all network traffic that crosses a virtualized infrastructure, up to Layer 7. It facilitates and accelerates common IT tasks such as VM migra...