Transatlantic Trade and Investment Partnership
In June 2013, the European Union and the United States announced that they would begin negotiations toward the creation of a Transatlantic Trade and Investment Partnership, which would create the world’s largest free-trade area. The negotiations are likely to be complicated, in no small part because each party has negotiated many free trade agreements and is accustomed to conducting negotiations on the basis of its own text. The bilateral free trade agreements with the Republic of Korea that the European Union (entry into force 1 July 2011) and the United States (entry into force 15 March 2012) concluded are likely to serve as the competing models for the initial proposed texts.
Stakeholders should monitor the negotiations closely to evaluate how their interests will be affected. To assist stakeholders, Sidley’s International Trade group has prepared a side-by-side comparison showing how the European Union and the United States addressed each principal subject in their respective FTA with the Republic of Korea.
Please click on the links below to access the charts:
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