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In June 2013, President Obama, European Council President Van Rompuy and European Commission President Barroso announced that the United States and the European Union (EU) would launch negotiations on the Transatlantic Trade and Investment Partnership (T-TIP) agreement. The T-TIP is intended to be an ambitious and comprehensive trade agreement that significantly expands trade and investment between the United States and the EU, increases economic growth, jobs, and international competitiveness, and addresses global issues of common concern. For the full text of the President’s T-TIP launch remarks, click here.
The launch followed a vigorous domestic consultation process with relevant stakeholders on the Obama Administration’s goals and objectives for a negotiation with the EU, which were publicly described in a March 20, 2013 letter to the U.S. Congress.
The following pages describe in more detail the Administration’s specific goals and objectives, and outlines how this agreement, if successfully concluded, will benefit American workers, businesses of all sizes, and consumers.