Economy

Survey shows plunging public support for TTIP in US and Germany

Support for the transatlantic trade deal known as TTIP has fallen sharply in Germany and the United States, a survey showed on Thursday, days before Chancellor Angela Merkel and President Barack Obama meet to try to breathe new life into the pact.

Germans remain highly ambivalent about the trade agreement. Berlin, March 2015. [Joel Schalit/Flickr]

Euractiv.com with Reuters Apr 21, 2016 10:53 3 min. read Content type: Euractiv is part of the Trust Project
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Background

Negotiations between the United States and the European Union on the Transatlantic Trade and Investment Partnership began in July 2013.

The guidelines stated that the EU should seek to include provisions on investment protection and investor-state dispute settlement (ISDS) in the proposed agreement.

>>Read our Special report: TTIP and the Arbitration Clause

If the treaty is signed, it will affect almost 40% of world GDP. The transatlantic market is already the most important in the world.

The deal could save companies millions of euros and create thousands of new jobs on both sides of the Atlantic. The average European household could save €545 per year and European GDP could increase by nearly 0.5%.

Brussels and Washington want to conclude the ambitious negotiations and seal the deal by the end of 2015, but disagreements between the two parties, notably on the investor-state dispute settlement mechanism, have slowed the process.

>> Read: French government will not sign TTIP agreement in 2015

Updated: 29-09-2024

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