The Transatlantic Trade and Investment Partnership: The Services Dimension

CEPS Special Report, No. 106 / May 2015

23 Pages Posted: 4 Jun 2015

See all articles by Patrick A. Messerlin

Patrick A. Messerlin

Groupe d'Economie Mondiale at Sciences Po (GEM Paris)

Date Written: May 8, 2015

Abstract

This CEPS Special Report examines the main facets of the debate about TTIP and services. First, it looks at the political and economic context and the various alternatives in terms of political support, stressing that only a partnership that ensures substantial economic gains will attract the support of the top policy-makers. Second, the paper makes the point that large economic gains in services require deep discussions on regulatory issues, and third, such discussions cannot rely on the negotiating techniques normally used for goods. There is thus a need to adopt a new approach, based on the mutual recognition and equivalence of regulations enforced in the services concerned, preceded by a mutual evaluation to grant such equivalence – all measures to be carried out by the regulatory bodies concerned, not by trade negotiators. This new game is a complex one but it has huge side benefits: it induces each TTIP partner to review the quality of their own regulations; it is at ease with the notion of a 'living' (evolving) agreement; and it can easily be open to third countries. All these benefits should reassure a general public that is fearful of a hastily baked deal.

Keywords: TTIP, services

Suggested Citation

Messerlin, Patrick A., The Transatlantic Trade and Investment Partnership: The Services Dimension (May 8, 2015). CEPS Special Report, No. 106 / May 2015, Available at SSRN: https://ssrn.com/abstract=2613340

Patrick A. Messerlin (Contact Author)

Groupe d'Economie Mondiale at Sciences Po (GEM Paris) ( email )

197 Boulevard Saint Germain
197 Bd St Germain Paris 75007, 75007
France

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
42
Abstract Views
324
PlumX Metrics