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Going Deep

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Going Deep

The Trade and Welfare Effects of TTIP

CESifo Group Munich,

5 min read
5 take-aways
Audio & text

What's inside?

The Transatlantic Trade and Investment Partnership concerns more than just Parmesan cheese and chlorine-soaked chicken.

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Editorial Rating

7

Qualities

  • Analytical
  • Innovative
  • Background

Recommendation

While trade deals may seem the driest of subjects, the Transatlantic Trade and Investment Partnership (TTIP) has evoked some emotional responses on both sides of the Atlantic, as debates over the geographical identification of Parmesan cheese or the suitability of chlorine-soaked chicken attest. But this study from researchers Rahel Aichele, Gabriel Felbermayr and Inga Heiland of the Ifo Institute at the University of Munich assesses the EU-US trade talks in economic terms and proffers some theories about which countries might gain and which might lose. getAbstract recommends this scholarly report to those seeking more light than heat about the TTIP.

Summary

In 2013, the European Union and the United States began negotiating a preferential trade agreement called the Transatlantic Trade and Investment Partnership (TTIP). Stagnation in the World Trade Organization’s multilateral efforts spurred work on the TTIP, which researchers expect will remove all trade tariffs and substantially lessen nontariff measures (NTMs) such as export subsidies and import quotas. As tariffs between the US and EU are already quite low (averaging 1.35%), their elimination will not have as big an impact on...

About the Authors

Rahel Aichele and Gabriel Felbermayr are economists at the Ifo Institute at the University of Munich, where Inga Heiland is a junior economist and doctoral student.

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