Doha, the BRICS, and Debt are the Main Motives for TTIP …
November 25, 2014
Free trade is not the central motive for TTIP; tariffs are already relatively low within the transatlantic community. But neither is deregulation the primary goal, as is feared by some. Instead, to understand the motivating forces behind TTIP, one should examine the negotiations within the context provided by factors such as
the stalling of the Doha Round of WTO negotiations,
the rise of the BRIC economies, and the need to
create growth without increasing public debt.
Beyond Deregulation: TTIP in the Age of Doha, BRICs, and Debt
As already noted in Dean Baker’s article on Atlantic Community, TTIP is not about trade. In fact, the ‘transatlantic tax‘ is already around 3%, and most negotiation rounds have focused very little on tariff rates overall.
While concerns that TTIP will lead to deregulation…
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