Trade

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The great revenge of the North? TTIP and the rest of the world

TTIP is an initiative that aims to cement the dominance of the two largest economic powers in the world. Rainer Falk and Barbara Unmüßig consider a topic thus far left out of critical debate: TTIP’s implications for the “rest of the world,” particularly for developing and emerging economies.

By Barbara Unmüßig, Rainer Falk
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Intro

Fair and sustainable trade creates adequate and stable prices, thus providing protection against ruinous price fluctuations on the world markets. Fair trade helps to improve the living and working conditions of small producers and workers. However, fair trade models are still a very minor factor on the world markets. Greater global equity requires better consumer information and a reform of the framework governing world trade.

 While the World Trade Organization’s (WTO) Doha round is stuck in gridlock, the Transatlantic Trade and Investment Partnership (TTIP), a possible free trade agreement between the U.S. and the EU, would be unprecedented in size and scope with repercussions on both sides of the Atlantic and beyond. Its potential impacts are important for every stakeholder and citizen to understand.  

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In July 2013, the EU and the USA started negotiations the created the biggest global Free Trade agreement, the Transatlantic Trade and Investment Partnership (TTIP). The TTIP Index provides a resource for anyone intersted in learning more about the TTIP to educate themselves, and to create a higher level transparency.

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