Trade post image

Trade

EU Co-Chair: Jan von Herff, BASF
U.S. Co-Chair: John Stephenson, SAP
Staff Contact: Tim Bennett and Cosimo Avesani

two business man handshaking before stack of containers

Trade liberalization stands at the core of the TABC’s goals and values, making he Trade Working Group central to the organization. Despite the recent economic and financial challenges, the U.S.-EU commercial partnership remains one of the most integrated in the world. Combined, the transatlantic economy is the largest and wealthiest market accounting for over 35% of fundamental pillar of EU-U.S. economic relations. The U.S. and Europe are each other’s primary source and destination for foreign direct investment. TABC looks to further these already vast transatlantic commercial ties by promoting a barrier-free transatlantic market place. Such liberalization would contribute to economic growth, innovation, security, while fostering common EU-U.S. standards and values in the global trading system.

Objectives:

TABC supports trade liberalization between the U.S. and EU across the board, recognizing that only a comprehensive trade agreement would bring most benefits in terms of economic growth and job creation on both sides of the Atlantic. Therefore, the Transatlantic Trade and Investment Partnership (TTIP) agreement is one of the primary focuses of the Working Group. The Trade Working Group is also the horizontal committee to which all other Working Groups can bring up issues that affect the transatlantic relationship including the EU-U.S. Privacy Shield, on-going work streams under the Transatlantic Economic Council as well as provisions in trade and investment agreements with third countries.

Working Group Priorities (no ranking):

  • TTIP
    • Communications and public outreach
    • Investment protection (e.g. Investment Court System and ISDS)
    • Monitoring horizontal issues (e.g. regulatory convergence, standards/TBT, procurement, services)
    • Implications of other trade agreements on TTIP (e.g. CETA, EU-Japan, EU-Mexico, TISA, TPP, EU-Turkey Customs Union Modernization, Regional Comprehensive Economic Partnership (RCEP)
  • Transatlantic Economic Council (TEC)
  • Cross Border Data Flows (in cooperation with the ICT WG)
  • EU-U.S. Privacy SHield (in cooperation with the ICT WG)
  • Other areas affecting transatlantic business
    • China
    • Forced Localization
    • Lifting of Iran Nuclear Sanctions
    • Regulatory cooperation in other trade agreements
    • Services
    • WTO

Instruments:

  • Position papers, submissions and letters
  • Stakeholder presentations
  • Bilateral meetings with policy makers
  • Congressional testimonies
  • Collaboration with other interested parties where useful such as sectoral and/or national associations, trade unions, consumer groups etc.

Letters, Papers & Submissions:

Other Resources on Trade: