US EU Flags

As recently reported by Politico, negotiations on the Transatlantic Trade Investment Partnership, or TTIP, are not even halfway complete, according to an internal assessment undertaken by the European Commission.

The TTIP is a trade and investment treaty being negotiated between the United States and the European Union, analogous to the North American Free Trade Agreement (NAFTA) between the US, Canada, and Mexico.

According to the European Commission’s report, the US and EU have not even exchanged positions, much less negotiated, on 10 of the 24 chapters of the proposed free trade agreement. With the eleventh round of negotiations set to take place mid-October, there is a renewed pressure to intensify the pace of the talks.

According to the article, EU sources allege that the US has been dragging its feet on TTIP because it has been focusing on the Trans-Pacific Partnership (TPP), currently being negotiated between the US and several Asian countries (including Japan, South-Korea, Vietnam and Singapore).

2017-12-20T20:03:45+00:00

About the Author:

Eric Z. Chang, firm founder and Principal, has extensive experience practicing both in civil law and common law systems. He is a former French Avocat à la cour and a current member of the New York and California Bars. He has practiced in Paris, New York and California on cross-border matters involving parties and disputes in Africa, Europe, the United States, Latin America, Asia and the Middle East. His experience covers a wide range of issues and industries: he has represented commercial clients in cases dealing with construction delays and disruptions, finance, securities and accounting fraud, shareholder disputes, maritime attachments, oil and energy, banking and telecommunications. He also represents clients on investor-state disputes, including bilateral investment treaty (BIT) arbitration.