TTIP pros and cons
The main advantages that the TTIP may bring to the US and EU are:
- The TTIP agreement is expected to boost the US and EU economies.
- Create new business and trade opportunities on both sides of the Atlantic.
- Opportunity to set common standards and similar regulations that may facilitate the action of companies.
- Removal of some market barriers and promoting the free-market.
- As a consequence of the removal of tariffs, many products will be cheaper for consumers.
- The new common standards will probably be lower than those previously existing (mainly in Europe).
- The new investor-state dispute settlement (ISDS) procedures may infringe principles of sovereignty and, in cases, go against the democratic rules of countries.
- Red tape: since companies may sue governments and officials, the latter may become more cautious and bureaucratic to avoid legal troubles.
- The lack of transparency during the process of negotiations reduces accountability and the capacity of citizens to understand its potential impact.
- In some regions, where the industry is less competitive, many jobs may be lost.
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One Ring to rule them all, One Ring to find them,
One Ring to bring them all and in the darkness bind them
One Ring to bring them all and in the darkness bind them

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