What is TTIP?
The Transatlantic Trade and Investment Partnership (TTIP) is a commercial partnership agreement, currently (since 2013) being negotiated between the European Union and the United States.
It aims to remove trade barriers existing today in many sectors of activity, in order to facilitate trade in goods and services between the United States and the EU and thus generate additional trade flows in both directions.
Beyond tariffs, it seeks to bring down all other barriers for exporters from norms, standards and procedures for approvals.
TTIP negotiations also aim to open markets in services, investments and public procurement.
This agreement, in view of the volume of trade between the United States and the European Union, will likely redefine the framework of global trade.