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EU to step up TTIP communication efforts

Published: March 16, 2015
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Source: Euractive

European leaders want to step up communication efforts around the Transatlantic Trade and Investment Partnership, the EU-US trade talks that have been marred by controversy.

Meeting on 19-20 March, EU leaders will discuss the state of play in the negotiations and will urge the European Commission to make a renewed effort to conclude them by the end of the year.

To succeed, the heads of state and government are basically ready to back a "whatever it takes" approach, said a diplomatic source.

“Member states and the Commission should step up efforts to communicate the benefits of the agreement and to embrace transparency and dialogue with civil society,” read the draft conclusions of the upcoming EU summit.

EU leaders consider TTIP one way to lift the ailing EU economy, together with the implementation of structural reforms and a big investment push through the Juncker plan.

According to an estimate drawn up by the Centre for Economic Policy Research for the European Commission, the TTIP agreement will boost the EU's combined gross domestic product by 0.5% in the ten years after its implementation.

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