It is a proposed trade agreement between the European Union and the United States, with the aim of promoting trade and multilateral economic growth.
Its main three broad areas are market access, specific regulation, and broader rules and principles and modes of co-operation.
Common criticisms of TTIP contains "reducing the regulatory barriers to trade for big business, things like food safety law, environmental legislation, banking regulations and the sovereign powers of individual nations", or more critically as an "assault on European and US societies by transnational corporations".
The twenty-eight European Union-member governments will have to approve of the partnership, via unanimous voting.
The European Parliament is empowered to approve or reject the agreement.
Its main three broad areas are market access, specific regulation, and broader rules and principles and modes of co-operation.
Common criticisms of TTIP contains "reducing the regulatory barriers to trade for big business, things like food safety law, environmental legislation, banking regulations and the sovereign powers of individual nations", or more critically as an "assault on European and US societies by transnational corporations".
The twenty-eight European Union-member governments will have to approve of the partnership, via unanimous voting.
The European Parliament is empowered to approve or reject the agreement.
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