Obama’s Trade Policy: is there space for both TPP and TTIP?
On July 16, GMF’s Warsaw office and demosEUROPA organized a small expert-level discussion “Obama’s trade policy: is there space for both TPP and TTIP?” to take stock of progress in the two most extensive trade talks ever conducted. It examined prospects for renewed momentum after the upcoming Congressional elections in November and identified the extent to which both projects can be seen as complimentary. In the course of the discussion, experts analyzed the necessary ingredients for ensuring both TPP and TTIP’s success by the end of Obama’s presidency.
Many influential members of the Warsaw policy community attended the meeting, including a former prime minister, former cabinet ministers, and ambassadors. The meeting was moderated by Michal Baranowski, director of GMF’s Warsaw office, and Paweł Świeboda, president of demosEUROPA. Bruce Stokes, director of Global Economic Attitudes at the Pew Research Center in Washington, DC, a GMF non-resident transatlantic fellow, and a former member of President Clinton's Commission on United States-Pacific Trade and Investment Policy, gave the opening remarks.
Stokes presented the latest poll results regarding U.S. domestic and foreign policy issues. Americans are more opposed to than supportive of TTIP goals, with 76 percent agreeing that TTIP should make European and U.S. standards as similar as possible and 49 percent disagreeing over the removal of all restrictions on investment between the United States and the EU. Equally, 49 percent would prefer the removal of all duties and tarrifs that increase the price of goods imported from the EU. More than four-in-ten Americans see China’s economic rise as a major reason for pressing forward with TTIP (43 percent) rather than as a help for own economy (32 percent) or for an opportunity to strengthen ties between the United States and the EU (22 percent).