Reports on the proposed Transatlantic Trade and Investment Partnership and its potential impact on the 50 states and 14 key sectors.
On 24 September 2013, the Atlantic Council, the Bertelsmann Foundation and the British Embassy in Washington announced the findings to a landmark study on the potential benefits of the Transatlantic Trade and Investment Partnership (TTIP) to each of the 50 states.
Key estimated benefits derived from Study:
TTIP could create more than 740,000 jobs across the United States – one new job generated for every 160 in existence
all states gain jobs
all states increase their exports to the EU, the average increase is 33% per state
all sectors benefit from increased exports
On 10 March 2014, the partners announced additional findings to the study based on the potential economic impact of TTIP on key industrial sectors. These sectors include business services, personal services, machinery, motor vehicles, metals, chemicals, processed foods and transportation services.
Key estimated benefits derived from the study:
the motor-vehicle industry could experience the largest growth in exports, up to 650 percent
the metals and processed-foods sectors could more than double their exports, with growth of more than 125 and 102 percent, respectively
chemicals, non-automotive transportation services, machinery, electrical machinery, communications services and insurance services could also see considerable export growth