CE, „Geographic Indications,“ ec.europa.eu/trade/policy/accessing-markets/intellectual-property/geographical-indications/. The draft EU text on trade and sustainable development was also sent to the Guardian in July 2016. [108] The Project of 23 June 2016, described as „restricted“, reveals new gaps in the G20`s commitment to phase out inefficient fossil fuel subsidies by 2025. The IMF estimates these subsidies at $10 million per minute worldwide[109] and G7 ministers meeting in Japan promised to eliminate them in May 2016. [110] However, the project states that „this end of supply may take into account security of supply.“ [108] The Guardian believes that this passage could be open to abuse and will be used to slow the exit of subsidies. The TTIP is aiming for a formal agreement that would „liberalize one-third of world trade“ and, according to supporters, create millions of new paid jobs. [8] „Given that tariffs between the United States and the European Union are already low, the London-based Centre for Economic Policy Research estimates that 80% of the potential economic benefits of the TTIP agreement depend on reducing the double conflicts between EU and US rules on these and other regulatory issues, ranging from food safety to cars.“ [8] A successful strategy (according to Thomas Bollyky of the Council on Foreign Relations and Anu Bradford of Columbia Law School) will focus on areas of activity where transatlantic trade laws and local regulations can often overlap, among other things. B pharmaceutical, agricultural and financial exchanges. [8] This ensures that the United States and Europe remain „standard producers and not standard takers“ in the global economy, and will then ensure that producers around the world continue to tend to adopt common standards between the United States and the EU. [8] U.S. economist Dean Baker of the Center for Economic and Policy Research said the agreement would focus on unconventional barriers, such as strengthening copyright laws, if conventional barriers between the US and the EU were already weak. He adds that while the forecasts are less ambitious, the economic benefits per household are not impressed: „If we apply the 0.21% increase in projected average personal income to 2027, it is just over $50 per year. That`s just under 15 cents a day.

Don`t spend everything in one place. [12] Critics of TTIP argue that „ISDS rules undermine the power of national governments to act in the interests of their citizens“[14] that „TTIP could even undermine the democratic authority of local government“[17] and threaten democracy. [86] France and Germany have stated that they want to remove TTIP`s access to investor-state dispute settlement. [87] In December 2013, a coalition of more than 200 environmentalists sent, Trade unions and consumer associations on both sides of the Atlantic have sent a letter to the USTR and the European Commission calling for the settlement of investor-state disputes to be withdrawn from trade negotiations, saying that ISDS is „a one-way street where companies can challenge government policy, but neither governments nor individuals are given comparable rights to bring companies to justice.“ [88] [89] Some point to the „potential for abuse“ that may be inherent in the trade agreement because of its investor protection clauses. [90] [91] A recent study shows that there is indeed remarkably strong and consistent opposition to the trade agreement in investor-state dispute settlement (ISDR), and that this dispute settlement effect is characterized by characteristic cuts to key attributes of the individual, including qualification levels, information and national mood, which have been considered key factors in the business attitude. [92] At France`s request, trade in audiovisual services has been excluded from the EU`s negotiating mandate. [131] The European side insisted that the agreement include a chapter on the regulation of financial services