The Croatian Ministry of Foreign and European Affairs announced in a statement on Tuesday it had posted a study on the impact of the Transatlantic Trade and Investment Partnership (TTIP) on Croatia on its website.
The study includes sections on the history of TTIP, negotiating rounds and positions, trade between Croatia and the United States, a macroeconomic analysis of the effects of TTIP, and conclusions on the impact of TTIP on Croatia.
Thirteen rounds of TTIP negotiations have been held to date, the last one taking place in New York on April 25-29. The statement says that good progress has been achieved in different negotiating chapters.
The agreement consists of three key components which are being negotiated in parallel, those being market access, regulatory cooperation and technical barriers, and rules.
The EU's aim is to conclude a balanced, ambitious and comprehensive trade agreement with the US, the ministry says.
The study was drawn up by a consortium of bidders comprising PricewaterhouseCoopers Zagreb and the Centre for International Development Zagreb.
TTIP has caused dissatisfaction among EU member states, including Croatia, as well as among Americans. Earlier this month, Greenpeace released a large amount of documents from confidential TTIP negotiations, but both the European Commission and the US have dismissed claims by this environmental organisation that the agreement will lower the EU consumer protection standards on sanitary and environmental protection.
Apart from the US, the EU is currently negotiating with Japan, Malaysia, India, Thailand, Mercosur (Argentina, Brazil, Paraguay, Uruguay and Venezuela), the Gulf Cooperation Council (Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates) and several African nations.
The EU applies several free trade agreements with 46 countries, covering 36 percent of the bloc's total trade. With the entry into force of agreements which are currently being negotiated, the EU will eventually have free trade agreements with 126 countries which will cover over 66 percent of its trade with third countries, the ministry said.
More information on TTIP and negotiations is available here.
Monday, May 23, 2016 - 18:52