The EU - US trade deal, currently being negotiated by the two blocs, should be open for other countries to join, according to this report.
Trade expert Pedro Schwarz says that the Transatlantic Trade and Investment Partnership, launched by President Obama and EU leaders last year, should be designed to allow third countries to join as the best way to encourage global free trade with standards set by Europe and America.
The report, Open Atlantic – A Global Future for the EU-US Trade & Investment Partnership, argues that the deal should enshrine an ‘Open Atlantic Prosperity Area’ based on a new application of the Most Favoured Nation principle – allowing any country to participate in the trade partnership as long as they met conditions established by the EU and US. As a result no country would be disadvantaged by TTIP, which would not conflict with Word Trade Organisation rules.DOWNLOAD DOCUMENT
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