Transatlantic Trade and Investment Partnership

With the current economic conditions and unemployment rates of both the United States and the European Union, the launch of talks for the Transatlantic Trade and Investment Partnership could not come at a more appropriate time. Despite the existing economic integration between the US and the EU, the issue of combining these two powerful economies with the “rule of law” in mind poses a difficult strategic challenge for the parties involved. Both entities need to consider the influence of and on the entire global economy, including Asia and other emerging markets. So far, the proposed agreements hope to significantly increase trade and add over 13 million European and American jobs by boosting economic growth through the transatlantic trade regions. How will the continuing Eurozone financial crisis and the slow-going US financial recovery affect future plans? How can the US and EU achieve their goals without significant government spending?