TTIP - Transatlantic Trade andI investment Partnership Fact sheet

7/27/2019 TTIP - Transatlantic Trade andI investment Partnership Fact sheet

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FactSheet

www.AmericanSecurityProject.org 1100 New York Avenue, NW Suite 710W Washington, DC

U.S.-EU Trade & theTransatlantic Trade and

Investment PartnershipJustin Winikof

July 2013

In Brie

Te ransatlantic rade and Investment Partnership (IP) is a potential agreementbetween the United States and European Union that intends to eliminate most trans-atlantic trade barriers and enhance economic cooperation. Both sides hope to com-plete the agreement by the end o 2014.

Te economic relationship between the United States and European Union is alreadythe largest in the world, representing nearly hal o global GDP and a third o worldtrade. Te plan to negotiate on a comprehensive trade agreement ollows a long his-tory o transatlantic cooperation and recommendations rom an independent studyby the ransatlantic Economic Council.

Te IP is expected to have signicant economic benets or both the UnitedStates and Europe. Some estimate that the trade deal would increase real per capitaincome by 13.4%, reduce unemployment by 0.73%, and raise real wages by 0.93%.Te deal may result in more than an additional $800 annually or each Americanamily.

Tere are added national security benets to a comprehensive trade agreement be-tween the United States and European Union. Some include strengthened alliances,greater global inuence or the U.S. and EU, increased political stability, a moresecure deense industrial base, and enhanced economic security.

Tere will be several major obstacles to the ratication o a comprehensive tradeagreement, particularly in the agriculture sector. Due to its benecial impacts andpublic support, however, it is likely that negotiations regarding the IP will be suc-cessul.


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AMERICAN SECURITY PROJECT

What is the TTIP?

Te ransatlantic rade and Investment Partnership (IP) is a proposed comprehensive trade agreemebetween the United States and the European Union. Te trade deal, according to the United States radRepresentative (USR), is envisioned as an ambitious, high-standard trade and investment agreement th

would provide signicant benet in terms o promoting U.S. international competiveness, jobs, and growth

Te IP aims to eliminate trade hindrances between the European Union and United States in a multitudo sectors. Some o the barriers include taris, duties, investment restrictions, and burdensome regulation

Americans and Europeans believe that these trade impediments are drastically limiting economic growth oboth sides o the Atlantic.

Te United States rade Representative, Michael Froman, among others, will speak onbehal o the United States, with Dan Mullaney as the chie negotiator.2 3 Members othe European Commission will represent European Union, with chie negotiator IgnacioGarcia-Bercero. 45

Negotiators hope that completing the IP will stimulate trade and job creation whilesetting global standards to promote ree trade and peace.

Both sides have agreed that they would like to have the deal completed by the end o 2014.6

Objectives o the TTIP

In a letter to the Congress, the White House outlined its specic goals or the IP negotiations. 7

Some key objectives include:

Eliminating all taris and duties on agricultural, industrial and consumer products

Increasing access to the European market or textile and apparel products

Reducing non-tari barriers that leave American rms uncompetitive with European companies

Expanding on principles established in World rade Organization (WO) agreements

Better aligning regulations between the United States and European Union in order to lower tradincosts

Improving services trade through greater market access and stronger regulatory collaboration

Easing the use o electronic commerce or the trade o goods and services

Ensuring equal treatment and rights to American investors in the European Union

Expanding opportunities or government procurement markets o EU Member States to acqui

Michael Froman

United States Tr

Representative


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November 2011- Te EC establishes the High-Level Working Group on Jobs and Growth(HLWG), which is charged with examining conventional and unconventional barriers totrade, potential or improving the compatibility o regulation standards, cooperation onglobal economic issues.15

February 11th, 2013- Te HLWG releases its nal report, calling or a comprehensive

agreement that addresses a broad range o bilateral trade and investment issues, includingthe elimination o barriers to trade and the easing o regulations.16

February 13th, 2013- President Barack Obama,President Barroso, and European Council PresidentHerman Van Rompuy endorse the HLWGsrecommendations and announce the intent tolaunce negotiations on the ransatlantic rade andInvestment Partnership. Te United States andEuropean Union each begin internal procedures

necessary to commence negotiations.

17

March 20th, 2013- President Obama notiesCongress on his intent to begin negotiations withthe European Union on the IP.18

May 23rd 2013- Te European Parliament setsits agenda, goals, and priorities or the IP. Teresolution exempts audiovisual industries andonline media rom the negotiations.19

June-July 2013- Media leaks reveal that the National Security Agency has been targetingNAO allies. German and French leaders threaten to delay IP negotiations until trust isrestored.20

July 8th-12th, 2013- Te rst round o IP negotiations commence in Washington, D.C. Teconversations discussed a variety o topics, including investment, government procurement,energy and raw materials, and industrial goods. Negotiators also took time to meet with about350 stakeholders rom academia, private institutions, labor groups, and NGOs.21

October, 2013- Te next IP meeting is scheduled in Brussels, Belgium.22

President Obama announces his intent to launch TT

negotiations

Source: United States Trade Representative


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U.S-EU Trade by the Numbers:

Te European Union and the United States are the two largest economies in the world, representinga combined 46.7% o global GDP and 30.4% o world trade. 23

Te transatlantic economic relationship is the largest in the world, accounting or over 50% o global

GDP in terms o value and 41% in terms o purchasing power.24

American-European trade represents 30% o world trade, with $2.7 billion worth o goods and ser-

vices traded each day.25

An estimated 15 million jobs are supported by the transatlantic economy, representing $5.3 trillionin commercial sales.26

Te European Union is the United States largest trading partner, representing 16.1% o Americantrade in 2012.27

Te United States is the European Unions largest trading partner, accounting or 14.3% o all EU

trade.28

U.S.-EU merchandise trade has increasedby 68% since 2000, estimated at $650billion in 2012.29

Despite economic turbulence in Europeand growth in China, 45 American statesstill export more to the European Unionthan they do to China, many by substan-tial margins.30

Since 2000, the European Union has ac-counted or 56% U.S. oreign direct in-vest (FDI). American FDI in China rep-resented just 1.1%.31

In 2011, global output o American afli-ates was $1.3 trillion. Europe represented$598 billion, or 46%.32

European investment in the United States reached $1.8 trillion in 2011, accounting or 71% o FDIin the United States.33

European and American taris vary by sector, but are still airly low. Although generally EU tarisare only marginally higher than U.S. taris, taxes on imported American motor vehicles (8%) andprocessed oods (14.6%) are much greater than those imposed by the United States (1.2% and 3.3%respectively).34


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Economic Impact o the TTIP

Several studies have examined the economic impact o a trade agreement such as the IP, although mostrom the perspective o the European Union. wo comprehensive studies, however, have been released bthe Bertelsmann Stitungs Global Economic Dynamics (GED) project and the Centre or Economic PolicResearch (CEPR).

Te GED study examined the impacts o two scenarios: the elimination o taris in transatlantic trade and comprehensive trade agreement that also eliminates non-tari barriers. Te report estimates that the UniteStates stands to gain signicantly rom a trade agreement. Eliminating taris would cause real per-capiincome to grow by 0.8%, while a liberalization o non-tari barriers would result in an increase o 13.4%. Emembers would also experience gains, while non-participating countries would likely experience an advereect.

Additionally, in the trade-liberalization scenario, the unemployment rate will drop in both the United Statby 0.71%. American real wages will increase 0.93%. A trade agreement would create more than a millio

American jobs and over two million in all OECD nations.35

Te CEPR report concluded that a comprehensive trade agreement would lead to annual economic gains 95 billion (roughly $125.5 billion) or the United States. Each American amily would have an addition655 ($865) each year o spending money. Moreover, the deal could raise wages and increase employment oboth sides o the Atlantic.36

Both studies emphasize that a trade deal must not only include the reduction o taris, but also the eliminatioo non-tari barriers such as regulations. Te CEPR study estimates that reducing non-tari hindrances otrade represents 80% o the potential gains.37


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Impact on National Security

In addition to providing signicant economic benets, the completion o the IP would enhance Americannational security.38

Several key ways in which the trade deal would be benecial to national security

include: Promoting peace between allies and economic partners and strength-

ening the transatlantic relationship that has prospered since the end oWorld War II

Enhancing American and European inuence through the establishmento global standards and a promoted ideology o democracy and openeconomic activity

Improving conditions or struggling European economies in order toreduce political turbulence and consequently increase global stability

Securing the success o the deense industrial base through easier accessto deense technologies or both the United States and its allies

Strengthening national deense through enhanced economic security

Conclusion

Te European Parliaments resolution in May exempted audiovisual industries rom the IP negotiations.Tis alleviated concerns that a trade agreement would harm the French lm industry. However, there are still

several obstacles that will have to be overcome in order or the trade discussions to be successul.

Agricultural issues are likely to be the greatest impediment to completing a trade agreement. Negotiators mustaddress European restrictions on genetically modied organisms (GMOs). In a letter to the USR, the SenateFinance Committee called or the European Union to lit some o these restrictions.39 Tese requests may notbe welcome overseas, as the European Commission has vowed not to alter its laws on GMOs.40 Sanitary andphyto-sanitary (SPS) measures (standards to ensure ood saety as well as animal and plant health) remainhighly contentious, according to Robert D. Hormats, the Undersecretary or Economic Growth, Energy, andthe Environment.41

European industry leaders also believe that the task o addressing the 35,000 existing standards will bedaunting, and likely the greatest obstacle or the completion o the IP. 42 Other groups have additionallyexpressed concern about the eectiveness o actions taken to protect intellectual property rights, as specicamendments related to IPRs were let out o the European Parliaments International rade Committeesresolution.43

Chief Negotiators Dan Mullane

Ignacio Garcia-Bercero at the oround of negotiations

Source: United States Trad

Representative


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Yet these obstacles will likely be overcome. I estimates are reasonably accurate, the potential economic beneo completing a trade deal are too great or the Americans and Europeans to ignore.

A Pew 2010 survey demonstrated that there is also public support or a trade agreement such as the IAccording to the survey, 58% o Americans support increased trade with the European Union, while only 28are opposed.44

Te United States and Europe must capitalize on any chance to boost their lagging economies. With signicaeconomic and national security benets, as well and public support,

Te ransatlantic rade and Investment Partnership may very well be their golden opportunity.

Justin Winikof is a Research Assistant at the American Security Project in American Competitiveness. He will ba senior at Rice University this year, working towards a degree in Mathematical Economic Analysis and Policy

Studies. Following graduation, Justin hopes to pursue a career in economic and policy research.

Endnotes

1. United States rade Representative. (February 13, 2013). Fact Sheet: United States to Negotiate ransatlantic rade aInvestment Partnership with the European Union. http://www.ustr.gov/about-us/press-ofce/act-sheets/2013/ebruary/UEU-IP [Accessed July 25, 2013].

2. Te White House. (June 17, 2013). FAC SHEE: ransatlantic rade and Investment Partnership. http://www.whitehougov/the-press-ofce/2013/06/17/act-sheet-transatlantic-trade-and-investment-partnership-t-tip [Accessed July 25, 2013].

3. Cronin, Zack. (July 8, 2013). Negotiations or the ransatlantic rade and Investment Partnership Have Begun, UnitStates rade Representative, http://www.ustr.gov/about-us/press-ofce/blog/2013/july/IP-negotiations-begin [Accessed Ju25, 2013].

4. European Commission. (June 28, 2013). Questions and Answers-IP. http://ec.europa.eu/trade/policy/in-ocus/ttip/qutions-and-answers/ [Accessed July 25, 2013].

5. Cronin, Zack. Negotiations or the ransatlantic rade and Investment Partnership Have Begun.

6. Emmott, Robin. (February 27, 2013). EU rade Chie Hopes to Clinch U.S. rade Deal by Late 2014, Reuters. httpuk.reuters.com/article/2013/02/27/us-euro-summit-trade-idUKBRE91Q0QM20130227 [Accessed July 25, 2013].

7. Marantis, Demetrios. (March 20, 2013). Letter to the Honorable John Boehner, Te United States rade Representative. Ava
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able at: http://www.ustr.gov/sites/deault/les/03202013%20IP%20Notication%20Letter.PDF [Accessed July 25, 2013].

8. Ahearn, Raymond J. (August 24, 2009). ransatlantic Regulatory Cooperation: Background and Analysis, CongressionalResearch Service, p. 13. Available at: http://www.as.org/sgp/crs/row/RL34717.pd [Accessed July 25th, 2013].

9. European Commission.(October, 2000). Te ransatlantic Economic Partnership: Overview and Assessment. Available at:http://trade.ec.europa.eu/doclib/docs/2003/october/tradoc_111712.pd[Accessed July 25, 2013].

10. Ahearn, Raymond J. ransatlantic Regulatory Cooperation, p. 16.

11. European Commission. (April 2002). Guidelines on Regulatory Cooperation and ransparency, p. 1. Available at: http://ec.europa.eu/enterprise/policies/international/les/guidelines3_en.pd[Accessed July 25, 2013].

12. Embassy o the United States. (June 2004). Strategy or Strengthening EU-U.S. Economic Partnership Outlined, http://dublin.usembassy.gov/ireland/euus_partnership.html [Accessed July 25, 2013].

13. Council o the European Union. (June 20, 2005). Initiative to Enhance ransatlantic Economic Integration and Growth,p. 2. Available at: http://www.europarl.europa.eu/document/activities/cont/201004/20100427A73625/20100427A73625EN.pd[Accessed July 25, 2013].

14. European Commission. (May 2, 2013). EU-US ransatlantic Economic Council. http://ec.europa.eu/enterprise/policies/international/cooperating-governments/usa/transatlantic-economic-council/[Accessed July 25, 2013].

15. ransatlantic Economic Council. (November 28 2011). EU-US Summit: Fact Sheet on High-Level Working Group onJobs and Growth. Available at: http://trade.ec.europa.eu/doclib/docs/2011/november/tradoc_148387.pd[Accessed July 25,2013].

16. High Level Working Group on Jobs and Growth. (February 11 2013). Final Report, ransatlantic Economic Council, p. 1.Available at: http://trade.ec.europa.eu/doclib/docs/2013/ebruary/tradoc_150519.pd[Accessed July 25, 2013].

17. Barrosso, Jose Manuel, Barack Obama, and Herman Van Rompuy. (February 13, 2013). U.S., EU Announce Decision toLaunch Negotiations on a ransatlantic rade and Investment Partnership, Te White House Ofce o the Press Secretary,http://www.ustr.gov/about-us/press-ofce/press-releases/2013/ebruary/statement-US-EU-Presidents [accessed July 25, 2013].

18. Marantis, Demetrios. Letter to the Honorable John Boehner.

19. European Parliament. (May 23 2013). European Parliament resolution o 23 May 2013 on EU trade and investment ne-gotiations with the United States o America. Available at: http://www.europarl.europa.eu/sides/getDoc.do?pubRe=-//EP//EX+A+P7-A-2013-0227+0+DOC+XML+V0//EN&language=EN [Accessed July 25, 2013].

20. raynor, Ian. (July 1, 2013). NSA Spying Row: Bugging Friends is Unacceptable, Warns Germans, Te Guardian. http://www.guardian.co.uk/world/2013/jul/01/nsa-spying-allegations-germany-us-rance [Accessed July 25, 2013].

21. United States rade Representative. (July, 2013). Readouts rom IP Negotiating Rounds. http://www.ustr.gov/trade-agreements/ree-trade-agreements/trans-pacic-partnership/readouts/round1 [Accessed July 25, 2013].

22. European Commission. (July 12 2013). EU and US Conclude First Round o IP Negotiations. http://online.wsj.com/article/PR-CO-20130712-909075.html [Accessed July 25, 2013].

23. Te World Bank. Data Indicator. Available through: http://data.worldbank.org/indicator [Accessed July 25, 2013].

24. Hamilton, Daniel S., and Joseph P. Quinlan (2013). Te ransatlantic Economy 2013, Center or ransatlantic Relations, p.1. Available at: http://transatlantic.sais-jhu.edu/publications/books/ransatlantic_Economy_2013/E2013%20pocket%20

version.pd[Accessed July 25, 2013].25. High Level Working Group on Jobs and Growth. Final Report, p. 1.

26. Hamilton and Quinlan. Te ransatlantic Economy 2013, p. 1.

27. Eurostat. (July 5, 2013). United States: EU Bilateral rade and rade with the World, European Commission, p. 4. Availableat: http://trade.ec.europa.eu/doclib/docs/2006/september/tradoc_113465.pd. [Accessed July 25, 2013].
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28. Ibid., p. 5.

29. Hamilton and Quinlan. Te ransatlantic Economy 2013, p. 9.

30. Ibid.

31. Ibid., p. 3.

32. Ibid., p. 5.

33. Ibid., p. 7.

34. Francois, Joseph. (March 2013). Reducing ransatlantic Barriers to rade and Investment: An Economic Assessment, Cenor Economic Policy Research, p. 14. Available at: http://trade.ec.europa.eu/doclib/docs/2013/march/tradoc_150737.pd[Acessed July 25, 2013].

35. Felbermayr, Gabriel, Benedikt Heid, and Sybille Lehwald. (June 17 2013). ransatlantic rade and Investment Partnersh(IP): Who benets rom a trade deal? Bartelsmann Stitung. Available at: http://www.bna.org/sites/deault/les/GED%20study%2017June%202013.pd[Accessed July 25, 2013].

36. Francois, Joseph, Reducing ransatlantic Barriers to rade and Investment.

37. Ibid., p. vii.

38. Cheney, Steve. (July 2013). rade Agreement Will Enhance National Security, E!Sharp. http://esharp.eu/big-debates/translantic-matters/129-trade-agreement-will-enhance-national-security/. [Accessed July 25, 2013].

39. Baucus, Max, and Orrin G. Hatch. (February 12, 2013). Letter to Ambassador Ron Kirk. United States Committee on nance. Available at: http://www.nance.senate.gov/newsroom/chairman/release/?id=17b2d73-067d-4a4a-a50-a00265eb[Accessed July 25, 2013].

40. European Commission. Questions and Answers-IP.

41. Hormats, Robert D. (April 23, 2013). Te ransatlantic rade and Investment Partnership: Americas New Opportunity Benet rom, and Revitalize its Leadership o the Global Economy, United States Department o State. Available at: http

www.state.gov/e/rls/rmk/207997.htm [Accessed July 25, 2013].

42. Beary, Brian. (May 08 2013). Biggest Challenges or IP are Regulatory, Says Industry, Europolitics. Available at: httpstatic.squarespace.com/static/50a35e4e4b072e097b3426/t/51964bb8e4b0e17712881a0b/1368804280081/Biggest%2challenges%20or%20IP%20are%20regulatory.pd[Accessed July 25, 2013].

43. ACA Blog. (April 25, 2013). EP rade Committee Rejects Meaningul IP Amendments, Foundation or a Free Inormtion Inrastructure. http://acta.fi.org/?p=1849 [Accessed July 25, 2013].

44. Pew Research Center. (February 15, 2013). Most Americans See More rade with European Union as Good or U.S. Avaable at: http://www.pewresearch.org/daily-number/most-americans-see-more-trade-with-european-union-as-good-or-u[Accessed July 25, 2013].
http://trade.ec.europa.eu/doclib/docs/2013/march/tradoc_150737.pdfhttp://www.bfna.org/sites/default/files/TTIP-GED%20study%2017June%202013.pdfhttp://www.bfna.org/sites/default/files/TTIP-GED%20study%2017June%202013.pdfhttp://esharp.eu/big-debates/transatlantic-matters/129-trade-agreement-will-enhance-national-security/http://esharp.eu/big-debates/transatlantic-matters/129-trade-agreement-will-enhance-national-security/http://www.finance.senate.gov/newsroom/chairman/release/?id=17b2fd73-067d-4a4a-a50f-a00265efbf67http://www.state.gov/e/rls/rmk/207997.htmhttp://www.state.gov/e/rls/rmk/207997.htmhttp://static.squarespace.com/static/50a3f5e4e4b072e097b3426f/t/51964bb8e4b0e17712881a0b/1368804280081/Biggest%20challenges%20for%20TTIP%20are%20regulatory.pdfhttp://static.squarespace.com/static/50a3f5e4e4b072e097b3426f/t/51964bb8e4b0e17712881a0b/1368804280081/Biggest%20challenges%20for%20TTIP%20are%20regulatory.pdfhttp://static.squarespace.com/static/50a3f5e4e4b072e097b3426f/t/51964bb8e4b0e17712881a0b/1368804280081/Biggest%20challenges%20for%20TTIP%20are%20regulatory.pdfhttp://acta.ffii.org/?p=1849http://www.pewresearch.org/daily-number/most-americans-see-more-trade-with-european-union-as-good-for-u-s/http://www.pewresearch.org/daily-number/most-americans-see-more-trade-with-european-union-as-good-for-u-s/http://acta.ffii.org/?p=1849http://static.squarespace.com/static/50a3f5e4e4b072e097b3426f/t/51964bb8e4b0e17712881a0b/1368804280081/Biggest%20challenges%20for%20TTIP%20are%20regulatory.pdfhttp://static.squarespace.com/static/50a3f5e4e4b072e097b3426f/t/51964bb8e4b0e17712881a0b/1368804280081/Biggest%20challenges%20for%20TTIP%20are%20regulatory.pdfhttp://static.squarespace.com/static/50a3f5e4e4b072e097b3426f/t/51964bb8e4b0e17712881a0b/1368804280081/Biggest%20challenges%20for%20TTIP%20are%20regulatory.pdfhttp://www.state.gov/e/rls/rmk/207997.htmhttp://www.state.gov/e/rls/rmk/207997.htmhttp://www.finance.senate.gov/newsroom/chairman/release/?id=17b2fd73-067d-4a4a-a50f-a00265efbf67http://esharp.eu/big-debates/transatlantic-matters/129-trade-agreement-will-enhance-national-security/http://esharp.eu/big-debates/transatlantic-matters/129-trade-agreement-will-enhance-national-security/http://www.bfna.org/sites/default/files/TTIP-GED%20study%2017June%202013.pdfhttp://www.bfna.org/sites/default/files/TTIP-GED%20study%2017June%202013.pdfhttp://trade.ec.europa.eu/doclib/docs/2013/march/tradoc_150737.pdf


11/12

11

Senator Hart served the State of Colorado in the

U.S. Senate and was a member of the Committee

on Armed Services during his tenure.

Brigadier General Stephen A. Cheney, USMC (Ret.)

Brigadier General Cheney is the Chief Executive

Norman R. Augustine

Mr. Augustine was Chairman and Principal

years and Chairman of the Council of the

National Academy of Engineering.

Lieutenant General Daniel Christman, USA (Ret.)

Lieutenant General Christman is Senior Vice

States Chamber of Commerce.

Lieutenant General John Castellaw, USMC (Ret.)

John Castellaw is President of the Crockett Policy

Institute (CPI), a non-partisan policy and research

organization headquartered in Tennessee.

Nelson W. Cunningham

Nelson Cunningham is President of

McLarty Associates.

BOARD OF DIRECTORS

Lee Cullum

Lee Cullum, at one time a commentator on the

on NPR, currently contributes to the DallasMorning News and hosts CEO.

Admiral William Fallon, USN (Ret.)

Admiral Fallon has led U.S. and Allied forces and

played a leadership role in military and diplomatic

matters at the highest levels of the U.S. government.

Raj Fernando

Raj Fernando is CEO and founder of

Chopper Trading, a technology based trading

Vice Admiral Lee Gunn, USN (Ret.)

Vice Admiral Gunn is the President of the

Institute of Public Research at the CNA

General Lester L. Lyles, USAF (Ret.)

General Lyles retired from the United States Air Force

after a distinguished 35 year career. He is presently

Chairman of USAA, a member of the Defense

Science Board, and a member of the Presidents

Intelligence Advisory Board.

Lieutenant General Claudia Kennedy, USA (Ret.)

to achieve the rank of three-star general in the

United States Army.

Dennis Mehiel

Dennis Mehiel is the Principal Shareholder

and Chairman of U.S. Corrugated, Inc.

Ed Reilly

Edward Reilly is CEO of Americas of FD

International Limited, a leading global

communications consultancy that is part of FTI

Consulting, Inc.

Governor Christine Todd Whitman

Christine Todd Whitman is the President of the

specializes in energy and environmental issues.


12/12

Building a New American Arsenal

Te American Security Project (ASP) is a nonpartisan initiative to educate

the American public about the changing nature o national security in the

21st century.

Gone are the days when a nations strength could be measured by bombers

and battleships. Security in this new era requires a New American Arsenal

harnessing all o Americas strengths: the orce o our diplomacy; the might o

our military; the vigor o our economy; and the power o our ideals.

We believe that America must lead other nations in the pursuit o our

common goals and shared security. We must conront international

challenges with all the tools at our disposal. We must address emerging

problems beore they become security crises. And to do this, we must orge a

new bipartisan consensus at home.

ASP brings together prominent American leaders, current and ormer

members o Congress, retired military ocers, and ormer government

ocials. Sta direct research on a broad range o issues and engages and

empowers the American public by taking its fndings directly to them.

We live in a time when the threats to our security are as complex and diverse

as terrorism, the spread o weapons o mass destruction, climate change,ailed and ailing states, disease, and pandemics. Te same-old solutions

and partisan bickering wont do. America needs an honest dialogue about

security that is as robust as it is realistic.

ASP exists to promote that dialogue, to orge consensus, and to spur

constructive action so that America meets the challenges to its security while

seizing the opportunities the new century oers.

www.americansecurityproject.org

Documents

TTIP - Transatlantic Trade andI investment Partnership Fact sheet