Rule Makers or Rule Takers? Exploring the Transatlantic Trade and Investment Partnership

The Transatlantic Trade and Investment Partnership (TTIP) is an effort by the United States and the European Union to reposition themselves for a world of diffuse economic power and intensified global competition. It is a next-generation economic negotiation that breaks the mold of traditional trade agreements. At the heart of the ongoing talks is the question whether and in which areas the two major democratic actors in the global economy can address costly frictions generated by their deep commercial integration by aligning rules and other instruments. The aim is to reduce duplication in various ways in areas where levels of regulatory protection are equivalent as well as to foster wide-ranging regulatory cooperation and set a benchmark for high-quality global norms. In this volume, European and American experts explain the economic context of TTIP and its geopolitical implications, and then explore the challenges and consequences of US-EU negotiations across numerous sensitive areas, ranging from food safety and public procurement to economic and regulatory assessments of technical barriers to trade, automotive, chemicals, energy, services, investor-state dispute settlement mechanisms and regulatory cooperation. Their insights cut through the confusion and tremendous public controversies now swirling around TTIP, and help decision-makers understand how the United States and the European Union can remain rule-makers rather than rule-takers in a globalizing world in which their relative influence is waning.

Chapter-1 Rule-makers or Rule-takers? An introduction to TTIP, Daniel S. Hamilton and Jacques Pelkmans

Chapter-2 This time it’s different: Turbo-charging regulatory cooperation, Peter Chase and Jacques Pelkmans

Chapter-3 TTIP’s hard core: Technical barriers to trade and standards, Michelle Egan and Jacques Pelkmans

Chapter-4 Quantifying non-tariff measures for TTIP, Koen Berden and Joseph Francois

Chapter-5 Transatlantic investment treaty protection, Lauge Poulsen, Jonathan Bonnitcha and Jason Yackee

Chapter-6 Transatlantic investment treaty protection – A response to Poulsen, Bonnitcha & Yackee, Freya Baetens

Chapter-7 TTIP and consumer protection, Stephen Woolcock, Barbara Holzer and Petros Kusmu

Chapter-8 TTIP’s broader geostrategic implications, Daniel S. Hamilton and Steven Blockmans

Chapter-9 Agriculture, food and TTIP: Possibilities and pitfalls, Tim Josling and Stefan Tangermann

Chapter-10 TTIP and public procurement, Stephen Woolcock and Jean Heilman Grier

Chapter-11 TTIP:The services dimension, Patrick Messerlin

Chapter-12 Telecommunications and the internet: TTIP’s digital dimension, Andrea Renda and Christopher S. Yoo

Chapter-13 Greater TTIP ambition in chemicals: Why and how, E. Donald Elliott and Jacques Pelkmans

Chapter-14 TTIP and energy, Paolo Natali, Christian Egenhoffer and Gergely Molnar

Chapter-15 Gains from convergence in US and EU auto regulations under TTIP, Caroline Freund and Sarah Oliver