First Round of TTIP Negotiations Begins in Washington
“In TTIP, we have the opportunity to accomplish something very significant for our economies, for our relationship, and for the global trading system as a whole,” U.S. Trade Representative Michael Froman said in remarks opening the first round of Transatlantic Trade and Investment Partnership negotiations in Washington, DC, on July 8.
“We have an opportunity to spur growth and to generate significant increases in the already substantial number of jobs supported by transatlantic trade and investment. We have the opportunity to complement one of the greatest alliances of all time with an equally compelling economic relationship. And we have the opportunity to work together to establish and enforce international norms and standards that will help inform and strengthen the multilateral, rules-based trading system.”
USTR Froman said that while there will be challenges, “we also know that there is strong political will at the highest levels on both sides of the Atlantic determined to stay focused and get this done on one tank of gas. I have every confidence that we can achieve this goal.”
The negotiating groups that met on Monday discussed investment, government procurement, cross-border services, textiles, rules of origin, energy and raw materials and legal issues.
EU Trade Commissioner De Gucht and I “will give our teams the space they need to move forward and find solutions, but we will stay very closely engaged to ensure that we are finding those solutions,” USTR Froman said. “We want you to avoid unnecessary delays, but we also recognize that the most important thing is to get the substance right. We need to resist the temptation to downsize our ambitions or avoid tough issues just for the sake of getting a deal. So, be creative, be flexible, and think outside of the box as necessary to make progress.”
Remarks by United States Trade Representative Michael Froman
at the Transatlantic Trade and Investment Partnership
First Round Opening Plenary
Udo von Massenbach President American German Business Club Berlin e.V. P.O. Box 08 04 27 10004 Berlin President@AGBC-Berlin.de www.AGBC-Berlin.de