EU digital market plans to rile US internet firms

2015 ◽  
Keyword(s):  
United States ◽  
Business Models ◽  
The United States ◽  
Content Type ◽  
Economic Diplomacy ◽  
Internet Firms ◽  
Transatlantic Trade ◽  
Sensitive Issue ◽  
Trade And Investment ◽  
The Eu

Significance The Commission aims to stimulate an economic field where the EU lags the United States. It estimates that a completed digital single market would boost EU GDP by around 3%. However, the project potentially challenges both national and sectoral preferences inside the EU, and the positions of major US internet firms. Impacts The Commission's plans are seen in the industry as deliberately undermining the business models of major US-based internet firms. Alongside separate EU actions on tax, anti-trust and data protection, they will aggravate a sensitive issue in EU-US economic diplomacy. This could damage the ongoing negotiations on the EU-US Transatlantic Trade and Investment Partnership.

EU-US TTIP talks are unlikely to progress

2016 ◽  
Keyword(s):  
United States ◽  
Trade Agreements ◽  
The United States ◽  
The Political ◽  
Content Type ◽  
Transatlantic Trade ◽  
The Us ◽  
Trade And Investment ◽  
The Eu ◽  
Public Opposition

Subject The prospects for finalising TTIP. Significance While the EU as a whole -- the European Commission, most member states and a majority of members of the European Parliament (EP) -- appears to remain committed to a wide-ranging agreement with the United States, there are growing indications that public opposition may render the proposed Transatlantic Trade and Investment Partnership (TTIP) agreement politically unviable. Impacts TTIP is estimated to raise the EU's GDP by 0.5%. European governments may decide that such a modest growth boost is not worth the political problems generated by the negotiations. If implemented, its terms could serve as a blueprint for future trade agreements between the EU and other countries. The deal's prospects will be diminished by the US election cycle's appeals to protectionist sentiment.

Negotiating 21st Century Rules on Energy: What Is at Stake for the European Union, the United States and the BRICS?

2018 ◽  
Vol 19 (3) ◽  
pp. 415-443 ◽  
Author(s):  
Ilaria Espa ◽  
Kateryna Holzer
Keyword(s):  
United States ◽  
European Union ◽  
Renewable Energy ◽  
The United States ◽  
Energy Market ◽  
The European Union ◽  
Transatlantic Trade ◽  
Energy Trade ◽  
Trade And Investment ◽  
The Eu

Abstract In the context of the Transatlantic Trade and Investment Partnership (TTIP), the European Union (EU) has taken the lead in promoting the inclusion of a specific chapter on energy trade and investment in order to enhance energy security and promote renewable energy. Irrespective of the success of the TTIP negotiations, the EU proposal can contribute to developing multilateral rules on energy trade and investment. This is especially important given the increased number of energy disputes filed by the EU and the United States against other leading energy market players, including the BRICS. This article provides a normative analysis of the new rules proposed by the EU and reflects on potential responses of BRICS energy regulators. It argues that, while these rules are unlikely to immediately affect BRICS energy practices, they may eventually be ‘imported’ in BRICS domestic jurisdictions in order to promote renewable energy and attract investment in energy infrastructure.

European Parliament vote will raise more TTIP doubts

2015 ◽  
Keyword(s):  
The United States ◽  
European Parliament ◽  
Content Type ◽  
Transatlantic Trade ◽  
Eu Membership ◽  
Deep Integration ◽  
Economic Ties ◽  
Trade Deals ◽  
Trade And Investment ◽  
The Eu

Subject The European Parliament and the Transatlantic Trade and Investment Partnership. Significance The last-minute decision of the European Parliament (EP) to postpone a June 10 debate and vote on the Transatlantic Trade and Investment Partnership (TTIP) has exposed important divisions among its members (MEPs) over whether and how closer EU-US economic ties can be secured. While non-binding at this stage, the debate and vote would have provided important guidance to the European Commission on its priorities and room for manoeuvre as it engages in further negotiations with the United States. TTIP must ultimately be ratified by the EP, which has voted down international agreements in the past. Impacts The EP's difficulties in finalising its views could constrain the Commission in the TTIP negotiations. However, given the EP's ultimate veto over the deal, time spent now on hammering out an ISDS formula it could accept may not be wasted. Any rejection of TTIP, particularly over ISDS, could raise questions over future international trade deals premised on deep integration. TTIP rejection could even jeopardise concluded trade deals awaiting ratification, such as that between the EU and Canada. Progress on TTIP is among the measures sought by UK Prime Minister David Cameron before his EU membership referendum.

ECJ ruling further dims EU-US data protection outlook

2015 ◽  
Keyword(s):  
Data Storage ◽  
Data Protection ◽  
The United States ◽  
The Internet ◽  
Content Type ◽  
Transatlantic Trade ◽  
Data Flows ◽  
The Us ◽  
Trade And Investment ◽  
The Eu

Significance The ECJ ruling could add to potential disruptions to transatlantic commercial data flows arising from the EU's developing data protection regime that a study for the US Chamber of Commerce valued at 0.8-1.3% of EU GDP. The ruling weakens the United States in negotiations over the new EU regime, as well as over the Transatlantic Trade and Investment Partnership (TTIP). Impacts The ruling may bolster development of EU-based cloud facilities as EU users seek to avoid the risks of US-based data storage. This could reduce US firms' estimated 76% share of the EU cloud market. It would also lead to further fragmentation of the internet as a global resource.

EU-US economic ties will survive testing US policies

2018 ◽  
Keyword(s):  
United States ◽  
Trade Deficit ◽  
The United States ◽  
Content Type ◽  
Transatlantic Trade ◽  
The Us ◽  
Foreign Affiliates ◽  
Commission President ◽  
Economic Ties ◽  
The Eu

Subject EU-US ties. Significance Attracting the ire of US President Donald Trump, the US goods trade deficit with the EU has widened since 2009. While Trump blames the imbalance on the EU charging higher tariffs on its US imports than the United States charges on its EU imports, the deficit is instead driven by US demand. Most US-EU trade is between foreign affiliates and the declaration between Trump and European Commission President Jean-Claude Juncker in late July reaffirmed the close economic ties between the two blocs. Impacts The prospects for US exports of LNG to the EU will be higher if Chinese retaliatory restrictions remain in place. The US farm lobby will push for agriculture to be covered in the trade negotiations. The negotiations are unlikely to lead to a return to a comprehensive Transatlantic Trade and Investment Partnership-type deal. Renegotiating US-EU goods trade tariffs will necessarily involve other chapters including services or foreign investment. Escalating trade tariffs would damage the EU but would damage the United States more owing to the size of US-EU cross-border investments.

EU ePrivacy rules would alter digital business models

2018 ◽  
Keyword(s):  
United States ◽  
Business Models ◽  
Electronic Communication ◽  
The United States ◽  
Digital Economy ◽  
Single Market ◽  
Content Type ◽  
Agenda Setter ◽  
Digital Business Models ◽  
The Eu

Subject EU's ePrivacy proposal. Significance Austria, as president of the Council of the EU for the second half of 2018, has made finalising the Regulation on Privacy and Electronic Communication or ‘ePrivacy Regulation’ (EPR) for the European digital single market a core priority. Impacts Critics argue that the EPR will further undercut the EU’s attractiveness as a digital economy hub compared to the United States and Asia. Advocates counter that, as with the GDPR, the EPR will reinforce the EU’s status as the agenda-setter in regulating the digital economy. Privacy rules and security considerations may collide.

scholarly journals Advantages and threats of the Transatlantic Trade and Investment Partnership (TTIP)

2017 ◽  
Vol 3 (1) ◽  
pp. 81-87
Author(s):  
Oleh Ożarowski
Keyword(s):  
United States ◽  
European Union ◽  
The United States ◽  
Trade Barriers ◽  
The European Union ◽  
Goods And Services ◽  
Transatlantic Trade ◽  
Two Sides ◽  
Trade And Investment ◽  
The Eu

The Transatlantic Trade and Investment Partnership (TTIP) is a major trade pact created to further integration of the EU and US economies. In today’s low-tariff reality, the agreement concentrates on eliminating nontariff trade barriers between the states, such as the differing standards in the European union and in the United States for given consumer goods and services. Unfortunately, a number of barriers threaten ratification. The agreement remains far from implementation and it is hard to measure how the two sides would benefit from it equally.

Creeping authoritarianism is a real risk in Tunisia

2021 ◽  
Keyword(s):  
United States ◽  
United Arab Emirates ◽  
Prime Minister ◽  
The United States ◽  
Political Crisis ◽  
Content Type ◽  
Real Risk ◽  
Chief Prosecutor ◽  
Moderating Role ◽  
The Eu

Significance He did not name a new prime minister. Over July 25-26, Saied dismissed Prime Minister Hicham Mechichi, dissolved his government, suspended parliament for 30 days, lifted parliamentary immunity and declared himself chief prosecutor, triggering Tunisia’s worst political crisis in a decade. Impacts The Ennahda party could be persecuted once again, this time on corruption charges, as the reconciliation offered excludes its members. Tunisia may become a new ideological battleground, pitting Turkey and Qatar against the United Arab Emirates (UAE), Saudi Arabia and Egypt. The EU, the United States and Algeria have some influence on Tunisia and could perhaps play a moderating role.

EU may struggle to enforce social standards via trade

2021 ◽  
Keyword(s):  
United States ◽  
The United States ◽  
Environmental Standards ◽  
Content Type ◽  
Social Standards ◽  
Investment Agreement ◽  
Trade Deals ◽  
First Time ◽  
Trade Partners ◽  
The Eu

Significance In 2020 the European Commission appointed a Chief Trade Enforcement Officer for the first time, signalling that Brussels is intent on enhancing its capacity to enforce standards agreed in trade deals. However, the EU's experience with South Korea suggests that holding trade partners to account over breaching standards will be difficult. Impacts Relations with trade partners could deteriorate if the EU is seen to be aggressive in enforcing its standards. Concern over China’s willingness to improve labour and environmental standards could impede ratification the EU-China investment agreement. The EU may be reluctant to sanction some partners, such as the United States, that breach labour or environmental standards.

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