What is the Transatlantic Trade and Investment Partnership?

The TTIP is a proposed free trade agreement between the EU and the US. It is a ground breaking proposal which could result in multilateral economic growth, with predictions that it could generate over £10bn of revenue for the UK alone. However, little information is publicly available to allow companies to understand what it will mean for them.

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What will TTIP cover?

The proposal covers three broad areas:

Market Access - Removing custom duties and tariffs on goods and restrictions on services, gaining better access to public markets, and making it easier to invest.

Industry-specific regulation - Improved regulatory coherence and cooperation by dismantling unnecessary regulatory barriers such as bureaucratic duplication of effort. This could lead to the development of specific sectorial agreements.

Broader rules and principles and modes of co-operation - Improved cooperation when it comes to setting international standards.

How will TTIP affect my business?

The agreement is still very much in draft form and timescales for its implementation are hazy, with some saying it could be finalised this year, therefore understanding what the implications are is difficult.

Trade law expert Dominic Watkins has been speaking at a number of events across Europe including the EU's leading sustainable food conference in Amsterdam. Read his latest interview in»

Dominic has also spoken in Brussels at the ‘TTIP Conference: Increased Trade for Better Living?’ discussing the impact of TTIP on organic agriculture, seeds and animal welfare.

DWF recently hosted a panel debate which outlined the proposals from the draft agreement and discussed the implications and potential legal issues arising from the proposal.

Presentations were delivered by David Henig from BIS, as well as DWF’s Hilary Ross and Jonathan Branton. Our panel featured representatives from Shore Capital, Citi Group, Lloyds of London and Pernod Ricard.

We will be sharing the outcomes of the event shortly, so watch this space...

Have your say!

We are very interested to hear your views on the proposal and how you think your business could be affected.

Please take a few minutes to complete our short survey, to help us understand how you feel about TTIP.