What does TTIP means?
A stronger economy.
Economic activity could increase by €119 billion per year in the EU and €95 billion in the US, with the elimination of tariffs increasing business productivity by €107 billion per year in the EU and €71 billion in the US.
Less red tape.
Cooperation on customs and regulations will reduce the amount of paperwork and administration needed to export products and services.
The elimination of tariffs, streamlining of customs procedures and aligning regulations will make it cheaper and easier to export and bring new products to the market.
Benefits for large and small companies.
By making it easier export and reducing the cost of doing business internationally, TTIP will benefit companies large and small.
Maintaining standards and consumer protections.
By cooperating on standards and rules where possible, the EU and US ensure the highest protections while making it easier to do business on both sides of the Atlantic.
More money in consumers' pockets.
The average European family could see their income increase by €545 per year.
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