How to Craft an Innovation Maximizing T-TIP Agreement

August 11, 2015

The Transatlantic Trade and Investment Partnership (T-TIP) Agreement should be designed to maximize innovation in the United States and the European Union. Innovation is a central driver of economic growth, and thus a key focal point of U.S. and EU economic development strategies. Ideally, the T-TIP would eliminate all tariffs and non-tariff barriers to trade. However, realistically, both the European Union and the United States are going to make trade-offs, and it is important to make these trade-offs in a manner that promotes innovation-based trade as a fundamental driver of global growth.