Transcript Who We Are

Who We Are
“Transatlantic Economic Relations
and the TTIP”
Tyson Barker
Director, Transatlantic Relations
Bertelsmann Foundation North
America
4th Turkey-Europe Forum
TASAM
Who We Are
Who We Are
Established in 2008
Offices in Brussels, Barcelona,
and Guterslöh, Germany
Major projects:
• Transatlantic Relations
Project
• Global Futures Project
• Global Economic
Dynamics
• INCRA
Who We Are
US-EU Economic Relationship
60% of total FDI globally
40% of global GDP (in purchasing power
parity)
33% of global trade in goods and services
$600 billion in total trade flows annually
(larger than the entire GDP of Argentina)
Nearly $4 trillion in total investment stocks
(larger than the entire GDP of Germany)
13 million jobs in Europe and the United
States connected to transatlantic trade and
investment
Who We Are
The Transatlantic Trade and Investment
Partnership (TTIP): An “Economic NATO”
Goals of free trade negotiations
include:
Open US and EU markets
Strengthen rules-based investment
Eliminate all tariffs on trade
Tackle non-tariff barriers
Who We Are
TTIP: What’s at Stake?
Moving beyond the financial
crisis
Setting global norms and
standards
Addressing global challengers
Assumptions
Uses the CEPR “ambitious scenario”
100% reduction in tariffs
25% reduction in costs associated with non-tariff
barriers to trade
50% reduction in procurement barriers
Key Findings
All states gain jobs and increase exports
On average annual exports to Europe jump
33% per state
One new TTIP-related job generated for every
160 in existence
TTIP-related job growth tends to be highest in the
services sector
Estimated increase in individual state exports to the EU post implementation
of an ambitious TTIP (%)
Goods trade (in terms
of growth), particularly
advanced manufacturing,
stands to benefit more
from an ambitious TTIP.
The greatest gains in
exports occur in states
that are particularly well
integrated into the supply
chains of the transatlantic
motor vehicles market.
Motor vehicles is the top sector for export growth in 19 states
Michigan 95%
Alabama 138%
South Carolina 187%
Estimated increase in TTIP-reliant jobs by state (Number)
Top 5 states by estimated
number of jobs attributable to
TTIP
California
75,340
Texas
67,780
New York
50,520
Florida
47,540
Pennsylvania
33,960
Estimated proportion of TTIP-reliant jobs in the state labor
force (%)
Top States with TTIP
attributable jobs as a
proportion of overall state job
market (%)
Nevada
0.71
Hawaii
0.68
Florida
0.67
Washington
0.67
West Virginia
0.67
Montana
0.67
Maine
0.67
Who We Are
Bertelsmann Foundation-Atlantic Council
Stakeholder Survey
Do you think the US and EU will be
able to come to an agreement?
Which of the following scenarios do
you believe is most likely?
Who We Are
TTIP Stakeholder Survey: Potential Sticking Points