TTIP-Myths and Realities According to AmCham Austria

Politics ♦ Published: June 3, 2014; 13:30 ♦ (Vindobona)

The American Chamber of Commerce in Austria (AmCham Austria) promotes the expansion and strengthening of trade and commerce relations between Austria and the US. Talks on a future EU-US trade deal started in July 2013 and are set to continue throughout 2014. The talks are part of a trade and investment deal, known as the Transatlantic Trade and Investment Partnership, or TTIP.

TTIP-Myths and -Realities According to AmCham Austria / Picture: © American and Austrian crossed flags by Vindobona

An EU-US trade agreement would cut businesses' costs and generate enough growth and jobs to boost the EU economy by up to €120 bn.

And it would do so whilst respecting both sides' environmental, labour and consumer protection standards.

Negotiators are discussing trade in goods and services, investment (however without investment protection/ISDS), regulatory…