The Transatlantic Trade and Investment Partnership (T-TIP) is a proposed free trade area between the US and EU. It represents potentially the largest free trade area in history, covering large shares of the world GDP, trade and investment. If the T-TIP is realized, it could alter global commerce in a broad variety of ways.
T-TIP will be an ambitious, comprehensive, high-standard trade and investment agreement that offers significant benefits toward trade and investment between the US and EU. The second round of T-TIP negotiations took place on November 11-15, 2013, covering services, energy, raw materials and regulatory issues, among others.
We at KResearch have assessed that what the US and EU want from T-TIP is:
1) The removal of various obstacles to trade, i.e., tariffs and non-tariff barriers
2) Improved regulatory cooperation aimed at regulatory commonality on both sides of the Atlantic.
We urge Thai businesses to closely monitor that second point.
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