Dáil Éireann Debate, Wednesday - 20 July 2016
50. Deputy Niall Collins asked the Minister for Jobs, Enterprise and Innovation to provide an update on the latest discussions on Transatlantic Trade and Investment Partnership; and if she will make a statement on the matter. [22786/16]
View answerThe 14th round of Transatlantic Trade and Investment Partnership negotiations between the EU the US took place from 11–15 July, 2016 in Brussels.
During this round, negotiators discussed all three pillars of the proposed agreement, namely, market access for EU and US companies, regulatory cooperation and trade rules. Both sides have now arrived at proposals covering 97% of tariff lines, and the remaining 3% will be addressed during end game negotiations.
A dedicated chapter for small and medium firms has been created, in order to facilitate trade for SMEs by eliminating excessive fees and charges, and by streamlining the processes involved in the export of goods.
Intensive discussions were held on trade and sustainable development, including labour and the environment. A proposal was put forward for a chapter on energy and raw materials which includes proposals to promote green innovations and trade of green technologies.
The objective for the forthcoming Rounds will be to continue the work of consolidation in all areas in order to end up with an ambitious, high standard and balanced TTIP agreement that responds to both EU and US interests.
