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April 2015

 

The members of Cercle de l'Industrie have adopted a common position on the future Transatlantic Trade and Investment Partnership (TTIP) , which has been negoctiated by the European Commission on behalf of the EU with the USA since 2013.

 

The Transatlantic Trade and Investment Partnership (TTIP) stands for the European manufacturing industry as an opportunity the EU must seize, in order to offer an easier and cheaper access to the US market, while the EU has to remain vigilant to preserve its legal environmental, health and safety acquis, and to ensure a real enforcement of the future deal.


For this reason, members of Cercle de l’Industrie wish for the conclusion of an ambitious agreement, that delivers results on three major aspects of the negotiations:

 

  • Reducing custom duties and technical barriers to trade (regulatory and administrative obligations applying to companies wishing to trade goods or services on a national territory, that duplicate or differ with equivalent results between the EU and the US);
  • Accessing US public procurement markets;
  • Establishing a system enabling regulatory convergence, in order to prevent new technical barriers to trade from emerging.

 

Enforcing the agreement will mean ensuring a real EU-US, if not global, level playing field, given that regulations enforced by both parties within the agreement could become global benchmarks.


More precisely, members of Cercle de l’Industrie wish that TTIP will:

 

 

  • Enforce a lowering of custom duties, that would be negotiated on a sector by sector basis, and would, for every product, be coherent with the reduction of technical barriers to trade;

 

  • Guarantee EU companies (EU based companies and their US branches) real access to all US public procurement (at federal, sub-federal and local levels) without discrimination;

 

  • Include a reduction of technical barriers to trade, through case by case solutions, favoring international standards recognition, mutual recognition or the creation of common standards, always in close coordination with concerned industrial sectors;

 

  • Set up a transparent and open to stakeholders forum for dialogue in charge of preventing new non-tariff barriers to trade from emerging in TTIP covered-sectors;

 

  • Include a chapter on energy, that ensure the liberalization of natural gas and oil exports from the US to the EU;

 

  • Insure an effective investment protection, based on the recognition of four rights granted to investors: non-discrimination, fair and equitable treatment, non-expropriation and capital transfer allowance. This protection (through an ISDS or any other option) will have to guarantee a high level of legal security to both parties (investors and States);

 

  • Commit the US to transparency regarding subsidies and State aids to American companies, at every administrative level (federal, sub federal, independent bodies such as administrative agencies), in order to initiate in Europe a discussion on forms and terms of the EU State aid policy.
     

The Position of Cercle de l'Industrie  (of April 2015) is available here (in French).

 

 

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