Go Back   GameFront Forums > General Chit-Chat > The Pub

Remember Me?

The Pub Intelligent discussion and debate on real-life issues. You can also visit the History and Warfare forum | This is not a game support forum.

Reply
 
LinkBack Thread Tools Display Modes
Old January 16th, 2014   #1
Notable Loser
 
Commissar MercZ's Avatar
 
Join Date: January 28th, 2005
Location: Texas
Status: Available
Posts: 7,958
Rep Power: 30
Commissar MercZ knows no limitCommissar MercZ knows no limitCommissar MercZ knows no limitCommissar MercZ knows no limitCommissar MercZ knows no limitCommissar MercZ knows no limitCommissar MercZ knows no limitCommissar MercZ knows no limitCommissar MercZ knows no limitCommissar MercZ knows no limitCommissar MercZ knows no limit
Send a message via MSN to Commissar MercZ Send a message via Yahoo to Commissar MercZ
Default Transatlantic Trade and Investment Partnership

Representatives of the US government and the EU have been looking towards breaking down barriers between their two markets for both goods and investments, with the eventual aim of making a free-trade agreement between the two akin to NAFTA that is across North America. This has also driven Canada to seek agreements with the EU and EFTA (Iceland, Norway, Switzerland, and Liechtenstein), while Mexico has already negotiated free trade agreements with both entities.

There is also the concern from nations who have trade agreements with the EU, such as Turkey, who will now be open to American goods without a reciprocating agreement for Turkish goods in the American market.

This was not the first time the agreement was suggested. Back in the mid-90s there was a similar suggestion pushed by the US to ensure that ties between the US and Europe remain strong in the post-Cold War world, but this stalled with the unpopularity of NAFTA taking hold in the US as domestic industries were whittled down. This agreement had been floated since then but was not seriously considered again until late last year, shortly after President Obama pledged to lower trade barriers in major markets for US businesses.

Looking at this current episode, "TAFTA" isn't being discussed much in the US but it is getting more attention in some EU member states, particularly among the farming sector who worry about American agricultural goods overwhelming them. Both the US and EU have protections on their agricultural goods, and it'll likely be one area that will be discussed to lower the trade barriers there or eliminate it all together- something that'd benefit the US more as farmers say. As such opposition in Europe has mostly taken the form of farmers protesting it in agricultural-heavy countries like France and Germany, often with the local green parties in those countries working alongside them taking the angle that US agricultural goods are not clean and under the same restrictions in the European market. There is also the issue of NSA activities in European governments which has added skepticism among some people about the US's intentions for this agreement.

Some people in the media and tech end of things are alleging that there'll be provisions for overreaching IP protection like with ACTA which the EU basically torpedoed after too much public attention came on it. In combination with the US also pursuing the Trans-Pacific Partnership for its interests in the pacific countries with similar concerns of IP provisions, there is worry of a double whammy hitting if both go into full effect.
Commissar MercZ is offline   Reply With Quote
Old January 17th, 2014   #2
Victim of Forgotten Hope
Forum bystander

 
Rikupsoni's Avatar
 
Join Date: April 26th, 2004
Location: Finland
Status: Available
Posts: 3,011
Rep Power: 24
Rikupsoni has a sound reputationRikupsoni has a sound reputationRikupsoni has a sound reputationRikupsoni has a sound reputationRikupsoni has a sound reputation
Default Re: Transatlantic Trade and Investment Partnership

The trade is already pretty liberal between the US and EU, so probably there are no drastic changes. The criticism from leftist-green groups focus on food regulation (GMOs), investor protection and intellectual property. I don't really like the EU's restrictive line on GMOs, it's mostly based on pseudoscientific scaremongering - if you hate the laws granting ridiculous IP rights to GMO producers or the big companies, you don't have to say the invention itself is bad or dangerous.

Investor protection is reasonable. Say a restaurant company invests in new night clubs and then the government soon introduces new legislation forcing night clubs to close sillily early (there actually has been such legislative proposals), I'd say it's only reasonable the government would pay compensation on wasted investment that couldn't have been foreseen. In the critiques the investor protection is said to include absurd things that would bring court cases, but those seem like overexaggerations. Certainly the investor protector shouldn't be excessive, however, in any case.

IP protection shouldn't be strictened when it comes to drugs. But probably it's better that the patents expire at the same time in the US and the EU and the US wouldn't grant ridiculous patent extensions - so it should rather be changed that way.


Taking away government grants to state-owned companies is a good thing. It's not very good to have unfair state-monopolies in a free trade area, or state-capitalist enterprises like how privatised British railways were in some cases bought by other European state-owned rail monopolies. What has happened between the US and the EU with Boeing vs. Airbus is ridiculous and hopefully these agreements would lessen that.

Last edited by Rikupsoni; January 17th, 2014 at 11:39 AM.
Rikupsoni is online now   Reply With Quote
Old January 19th, 2014   #3
Wanna go Double Dutch?
Multi Award Winner
 
Admiral Donutz's Avatar
 
Join Date: December 9th, 2003
Location: Under Arnhem bridge (act. Leiden/Zoeterwoude, NL)
Status: Supplying you with hot fresh coffee and chocolate cake! :coffee:
Posts: 31,353
Rep Power: 58
Admiral Donutz is Gaming Forumsí finestAdmiral Donutz is Gaming Forumsí finestAdmiral Donutz is Gaming Forumsí finestAdmiral Donutz is Gaming Forumsí finestAdmiral Donutz is Gaming Forumsí finestAdmiral Donutz is Gaming Forumsí finestAdmiral Donutz is Gaming Forumsí finestAdmiral Donutz is Gaming Forumsí finestAdmiral Donutz is Gaming Forumsí finestAdmiral Donutz is Gaming Forumsí finestAdmiral Donutz is Gaming Forumsí finest
Send a message via MSN to Admiral Donutz
Default Re: Transatlantic Trade and Investment Partnership

Lowering protectionism slowely, brick by brick sounds fair enough to me. Though it should not only concern North-American and the EU (western Europe). Protectionis isn't doing the farmers and industrial companies in other parts of the world any good either. Problem is ofcourse who starts first by decreasing protective measures (both taxing imported goods and subsidizing export or local products). Protectionsim only makes sense if you need to protect vital parts of the economy as not to become dependant on a questionable country or company... And I don't see the harm in some state monopolies when it comes on vital parts of the infrastructure or essential resources as to ensure that these essential items will always be available at the lowest cost possible with the least risk of any hickups. I wouldn't want to rely on profit organisations when it comes to the supply of water or various infrastructural items for instance.
Admiral Donutz is offline   Reply With Quote
Reply

Bookmarks

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On



All times are GMT -7.







   
 
The best serving of video game culture, since 2001. Whether you're looking for news, reviews, walkthroughs, or the biggest collection of PC gaming files on the planet, Game Front has you covered. We also make no illusions about gaming: it's supposed to be fun. Browse gaming galleries, humor lists, and honest, short-form reporting. Game on!

GameFront Forums - Terms of Service - Top
Copyright © 2002-2012 Game Front. All rights reserved. Powered by vBulletin®
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
SEO by vBSEO 3.6.0 ©2011, Crawlability, Inc.
Forum Theme by Danny King (FileTrekker), Sheepeep & Graeme(rs)