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US president Barack Obama's term is likely to end before TTIP is concluded, but there is no guarantee that the next administration would support it. (Photo: Reuters)

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Are the EU and US ready for free trade?

European business broadly backs the The Transatlantic Trade and Investment Partnership (TTIP), because the EU-US pact is expected to boost economic growth.

But Europe's engineering industry has lit an amber light, saying that the two markets are very unlike and that a lot of effort is needed to be able to achieve a good trade deal.

American firms would get direct access a single European market, which has the same rules and standards in all 28 countries. But the US market is not a...

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Author Bio

Lisbeth founded EUobserver in 2000 and is responsible to the Board for effective strategic leadership, planning and performance. After graduating from the Danish School of Media and Journalism, she worked as a journalist, analyst, and editor for Danish media.

US president Barack Obama's term is likely to end before TTIP is concluded, but there is no guarantee that the next administration would support it. (Photo: Reuters)

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Author Bio

Lisbeth founded EUobserver in 2000 and is responsible to the Board for effective strategic leadership, planning and performance. After graduating from the Danish School of Media and Journalism, she worked as a journalist, analyst, and editor for Danish media.

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