EU-US Free Trade Agreement TTIP or TAFTA

03/07/2014 16:47

With David Cameron's blessing, the biggest free trade agreement in history, the Transatlantic Trade and Investment Partnership is currently being negotiated between the European Commission on behalf of member states and the US government. With tariffs between the two blocks already low, the deal is likely to focus on non-tariff barriers to trade such as "harmonising" regulations. What are the likely costs and benefits?

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