Bilateral Free Trade Agreements
(TTIP, EU/Japan, etc.)
DIGITALEUROPE aims to enhance access to third country markets for European digital technologies through bilateral agreements ; those are required to strengthen the EU’s international competitiveness.
There is no commercial artery in the world as large as the one binding the United States and Europe together. The transatlantic economy still accounts for over 50% of world GDP in terms of value and 41% in terms of purchasing power, is the largest and wealthiest market in the world, is at the forefront of global R&D, and drives global foreign direct investment and global mergers and acquisitions activity.
The US is one of the top country export destinations for EU goods and services, the EU’s leading source and destination of both Foreign Direct Investment and private portfolio investment, and a key innovation partner for European economies seeking to maintain their competitive position in knowledge-based activities.
DIGITALEUROPE wishes for an ambitious Digital Economy chapter in the Transatlantic Trade and Investment Partnership that will enable a strong cooperation for further innovation and complementarity between the European and US industries, ensuring also that the digital eco-system remains open to innovation and commerce globally.
A Digital Economy chapter in TTIP would be a flagship with a positive and creative agenda for the years to come between the two sides of the Atlantic.
DIGITALEUROPE has joined the TTIP twitter campaign (@Alliance4TTIP) to support the conclusion of the trade negotiations. The aim of the campaign is to be open-source and user friendly, so anyone (especially in the Member States) can use the materials we will provide (tweets, Q&As, infographics, etc.). The effort so far has the support of the following associations: AmCham EU; BUSINESSEUROPE, DIGITALEUROPE, EUROCHAMBRES, EuroCommerce, European Chemical Industry Council (CEFIC), European Federation of Pharmaceutical Industries and Associations (EFPIA), European Round Table of Industrialists (ERT), European Services Forum (ESF), European Small Business Alliance (ESBA) and Trans-Atlantic Business Council (TABC).
We will be tweeting to show our support for the conclusion of TTIP, using the hashtag #Yes2TTIP. Thanks in advance for following our account and don’t hesitate to spread our tweets! #Yes2TTIP.
As the world’s third largest national economy, and a major global trader and investor, it’s no surprise that Japan is one of the EU’s key trading partners. Japan is the EU’s second biggest trading partner in Asia, after China.
The EU Japan Free Trade Agreement (FTA) will undeniably integrate two of the world’s largest economies in terms of trade, economic growth, and political cooperation. A free trade deal with Japan would boost Europe's economy by as much as by 0.8% of its GDP. EU exports to Japan could increase by 32.7%, while Japanese exports to the EU would increase by 23.5%. This FTA could also create 420,000 additional jobs in the EU.
The next rounds will be key in solving remaining sensitive key tariffs and remaining non-tariff barriers (NTBs). Decision makers should aim at finishing the negotiations of an ambitious and balanced FTA by 2015.
DIGITALEUROPE believes the EU Japan FTA is as a means to increase production, generate economic development, boost international cooperation, improve resource allocation and increase business incentives.