Dipartimento di Giurisprudenza

The EU is currently negotiating a controversial transatlantic free trade agreement with the United States towards a Transatlantic Trade and Investment Partnership (TTIP) or Transatlantic Free Trade Area. The main features of such an agreement would be the abolition of tariffs, the reduction of non-tariff barriers to trade between the EU and the US and the introduction of a dispute settlement mechanism. This could boost the EU economy by €120 billion and the United States economy by €90 billion. Moreover, such an agreement could lead to a framework of transatlantic economic cooperation and even integration, a "Transatlantic Community of Law" (Fahey 2014), in addition to the long established cooperation in defense and security through NATO.

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