TTIP is the free trade deal being negotiated between the United States and the European Union. It will lower trade barriers, boosting growth and creating more jobs, as well as lowering prices.
The global economy: with weak growth in Europe and a slowdown across Asia. That makes it more important than ever to promote trade as an engine of growth. The EU-US trading relationship still suffers from numerous obstacles, preventing it from reaching its full potential to provide growth and jobs.
Research suggests TTIP could boost the UK economy by up to £100 billion over a ten-year period – helping to create jobs and security for hardworking taxpayers in Britain.
- TTIP does not require Britain or any other country to open up their national health systems or any other public services to private providers. Decisions about how services are provided will not be affected.
- As the EU, negotiators on both sides, and the government have made clear, TTIP will not affect how public services are paid for.
TTIP will not let in GM food and hormone beef from the USA. It will be easier for food producers on both sides to export, but only if they conform to each other’s standards. It will not decrease environmental standards. UK Sovereignty would not be threatened. The Investor-State Dispute Settlement cannot overturn laws. Their purpose is to protect our investors from discriminatory treatment by protectionist governments. The UK already has 90 bilateral investment agreements in place, which include similar provisions.
The Government has been clear that there is a strong public and Parliamentary interest in TTIP and that is why we have made sure Parliament has been engaged in the TTIP negotiations. TTIP has been debated in Parliament twice, investigated in Select Committees and the public and Parliament will have the opportunity to scrutinise the proposals as the negotiations carry on.
By Patrick McLoughlin on October 05, 2015