No. 87 – August 2016
Authors: Alberto Cossu, Filippo Romeo, Eleonora Drudi
The Transatlantic Trade and Investment Partnership (TTIP) presents an historic opportunity for the European Union and the United States to remove regulatory divergence – today’s most prominent obstacle to trade exchanges – thereby increasing economic growth for the citizens of both polities. Yet, with great promises come challenges too. The EU and the US have been attempting to reduce trade barriers since the 1970s, and parliamentarians as well as regulators from both sides of the Atlantic have since the 1990s been working to institutionalise these efforts through a variety of dialogues and committees, as epitomised by the Transatlantic Legislators’ Dialogue (TLD). The negotiations on the TTIP started in 2013 and today 13 rounds of negotiations have been concluded. Throughout there are 23 main subjects that are being discussed during the negotiations. Including: services and investment, regulatory issues, intellectual property rights and so on. This report provides a detailed overview of the EU-US agricultural trade, but more specifically includes a general discussion of the opportunities and risks of the TTIP for the EU and Italian agricultural sector. In fact, the agri-food sector is one of the most important subjects of this bilateral treaty, since the bilateral trade between America and Europe in this sector amounts to 30 billion dollars. It will therefore be heavily involved on the outcome of the Treaty. As for Europe, but especially for Italy, agriculture represents a fundamental element of the national economy. It is a very sensitive issue because it concerns complex aspects related to topics such as food security. The issue at stake for Italy is very high, especially for the phenomenon of the IGP of origin which must be safeguarded.