INTERNATIONAL

TTIP talks: what’s new?

P030974001202-354603Last 22-26 February Dan Mullaney, Chief US Negotiator for the Transatlantic Trade and Investment Partnership (TTIP), and Ignacio Garcia Bercero, Chief EU Negotiator for the TTIP, participated in the 12th round of the Transatlantic Trade and Investment Partnership (TTIP) talks.

Negotiators worked towards the objective of achieving an ambitious, high standard TTIP agreement that responds to both EU and US interests.

On procurement the EU aimed to achieve an outcome of the negotiations that corresponds to the ambition of the HLWG report, which provided for “enhanced business opportunities through substantially improved access to government procurement opportunities at all levels of government on the basis of national treatment” stated Mr. Bercero.

By the summer, the negotiator should have tabled proposals in all the regulatory and rules areas and have substantially advanced in the consolidation of those texts.

On the regulatory cooperation, there was a share of understanding that everything to do should respect the level of protection enshrined in the respect legislation.

“It is EU and US regulators who should lead regulatory cooperation and identify whether there is a common interest in cooperating”. – added the EU Negotiator. “The regulatory cooperation pillar also covers standards and conformity assessment, sanitary and phytosanitary measures (or SPS), and nine specific sectors, so let me now turn to those”.

There has also been significant work on regulatory cooperation in a number of sectors like automotive, chemicals, cosmetics, engineering, information and communication technology, medical devices, pesticides, pharmaceuticals, and textiles.

On the rules of trade, there has been a deep discussion on investment protection, starting to identify areas of convergence.

The negotiators agreed to seek to conclude the negotiations in 2016, if the substance is right.

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