who we are tyson barker director, transatlantic relations bertelsmann foundation north america 4 th...
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Who We Are
Tyson BarkerDirector, Transatlantic RelationsBertelsmann Foundation North America
4th Turkey-Europe ForumTASAM
“Transatlantic Economic Relations and the TTIP”
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
Who We Are
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
US-EU Economic Relationship
Who We Are
Goals of free trade negotiations include:
Open US and EU markets
Strengthen rules-based investment
Eliminate all tariffs on trade
Tackle non-tariff barriers
The Transatlantic Trade and Investment Partnership (TTIP):
An “Economic NATO”
Who We Are
Moving beyond the financial crisis
Setting global norms and standards
Addressing global challengers
TTIP: What’s at Stake?
Assumptions
100% reduction in tariffs
25% reduction in costs associated with non-tariff barriers to trade
50% reduction in procurement barriers
Uses the CEPR “ambitious scenario”
All states gain jobs and increase exports
Key Findings
One new TTIP-related job generated for every
160 in existenceTTIP-related job growth tends to be highest in the services sector
On average annual exports to Europe jump 33% per state
The greatest gains in exports occur in states that are particularly well integrated into the supply chains of the transatlantic motor vehicles market.
Goods trade (in terms of growth), particularly advanced manufacturing,stands to benefit more from an ambitious TTIP.
Estimated increase in individual state exports to the EU post implementation of an ambitious TTIP (%)
Motor vehicles is the top sector for export growth in 19 states
Michigan 95%Alabama 138%South Carolina 187%
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 increase in TTIP-reliant jobs by state (Number)
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 AreBertelsmann 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?