by Theodore Bromund, et al.
The Heritage Foundation
December 05, 2013
The United States and the European Union (EU) have begun the negotiation of the Transatlantic Trade and Investment Partnership (TTIP), which could greatly reduce or eliminate both tariff and non-tariff barriers to trade between the U.S. and the EU, a trade relationship that accounts for about 30 percent of world trade. The promotion of economic freedom is a vital part of U.S. foreign and domestic policy. A TTIP that genuinely reduced trade barriers would contribute significantly to this aim. But, though negotiations are still at an early stage, there are reasons to be concerned that TTIP will not free trade but instead build a transatlantic managed market. This would reduce or even eliminate U.S. gains from TTIP and would not promote economic freedom. The U.S. should continue negotiating but be cautious and assess any agreement on its merits.

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