On 14 June 2013, the Council of the European Union, which is made up of government ministers of the Member States, gave the European Commission a mandate to conduct negotiations with the United States on a transatlantic trade and investment agreement.
There are several names for this draft partnership in English (TAFTA - Trans Atlantic Free Trade Agreement; TTIP - Transatlantic Trade and Investment Partnership) and French (PTCI - Partenariat transatlantique de commerce et d’investissement).
The negotiations are based on three pillars:
- market access (agricultural and industrial goods, services, public procurement);
- non-tariff barriers to trade, animal and plant health measures, and regulatory cooperation;
- rules (intellectual property and geographical indications, energy and raw materials, competition, rules of origin, trade facilitation, sustainable development).
Last updated: 09/10/2015