State of Play of TTIP Negotiations after the 6th Round This European Commission documents highlights the major progress made and outstanding issues resulting from the recent round of negotiations completed last week in Brussels. The state of play covers all the major issues, including market access, regulatory cooperation, and sectoral approaches being considered by negotiators. (European Commission)
Argentina failed to meet its deadline for interest payments on $13 billion of securities bonds due in 2033, resulting in the country’s second default since 2001. Reaction from Atlantic Council experts:
“Nearly a decade ago, Argentina and 93 percent of its bondholders agreed to a deal that Argentina has so far respected. The remaining 7 percent are looking to force Argentina into making large payments on bonds they bought for pennies,” said Peter Schechter, director of the Adrienne Arsht Latin America Center. “While Argentina’s financial behavior has not been stellar, the vulture funds are now the ones thrusting a stick into the spokes of the international financial community’s bicycle wheels. Argentina has been making some slow progress; the small group of holdouts is now going to derail that. This will cause serious financial, political and, most importantly, human pain,” said Schechter.
A Twenty-First-Century Trade Agreement: Who Could Benefit?
July 30, 2014
The Trans-Pacific Partnership (TPP) began in 2004 as an inter-regional effort by four countries on the Pacific Rim to liberalize trade and investment. Ten years later it has grown to twelve member countries that represent 40 percent of global GDP, 26 percent of global trade, and 40 percent of US trade. It is the first major "twenty-first-century" trade negotiation encompassing not only tariffs and quotes but also new areas like regulatory cooperation, competition policy, environment and labor, and trade in digital goods and services. Find out what's at stake for the United States, who could benefit from TPP, and key sticking points of the agreement in the Atlantic Council's infographic.Trade Infographic(PDF)
Adrienne Arsht Latin America Center
Global Business and Economics Program
Global Trade and the Americas
TTIP Negotiations a Year on
July 29, 2014
From Trade Tariffs to Trust – TTIP a Year on
This analysis from EU Observer gives an excellent overview over the current state of play in TTIP negotiations as they enter year two. The article deftly addresses popular misperceptions concerning safety standards, consumer protection, food standards and particularly the ISDS mechanism. Despite TTIPs current struggles, the authors are convinced that both sides of the Atlantic will go well beyond tariffs on their negotiations. However, the current state of events also suggests that the conclusion of TTIP largely depends on changing public opinion and politicians' perceptions. (EU Observer)
Global Business and Economics Program
TTIP and a new Report on TPP
July 25, 2014
Today's blog entry focuses on news on TTIP, more specifically on the debate surrounding the ISDS mechanism and rights and labor standards under TTIP from an American perspective. In addition, the blog covers the launch of a new report named "Bridging the Pacific- Americas' new Frontier?", researched and issued by the Atlantic Council.
Bridging the Pacific- The Americas' New Economic Frontier?
A new Atlantic Council report authored by Peter Rashish suggests nine concrete steps to ensure that the United States and Latin America are primed to take best advantage of the Trans-Pacific Partnership. In times of increasing global competition, maintaining the status quo in global trade policy is simply not an option. Moreover, failing to conclude TPP will result in grave economic disadvantages for both the US and Latin America. (...