ABSTRACT
In 2013 the European Commission and the government of the USA began to negotiate a Transatlantic Trade and Investment Partnership (TTIP). As its name suggests, the accord would not only eliminate remaining tariffs on trade in goods but also facilitate investments among the trading partners. It would lead to an even deeper integration of the already intensely enmeshed economies on both sides of the Atlantic which account for roughly 47 per cent of global gross domestic product (GDP), one-third of world trade flows and more than half of foreign direct investment.1
