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Macroeconomic effects of TTIP on U.S. in 2030

This statistic shows the projections of the macroeconomic effects of the Transatlantic Trade and Investment Partnership (TTIP) on the United States economy in 2030. As a result of an ambitious TTIP implementation this model predicts a 0.4 percent growth in U.S. GDP over baseline in 2030.

Macroeconomic effects of the Transatlantic Trade and Investment Partnership on the U.S. economy in 2030

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Sources

Release date

May 2016

Region

United States

Survey time period

2030

Supplementary notes

The ambitious and less ambitious projections of TTIP are based on an updated version of the model from the 2013 Centre for Economic Policy Reasearch study on TTIP. The changes in the updated model used here include extending the economic forecasts from 2027 to 2030 as well as updating the baseline with which the TTIP-based projections are compared.
The model for the less ambitious TTIP scenario includes: 98 percent of tariffs eliminated; 10 percent of non-tariff barriers (NTBs) on good and services eliminated (20 percent actionable), except for processed foods where no reduction of NTBs has been modelled; a 25 percent reducation in procurement NTBs.
The model for the ambitious TTIP scenario includes: 100 percent of tariffs eliminated; 25 percent of NTBs on goods and services eliminated (50 percent of actionable), except for processed foods where no reduction of NTBs has been modelled; a 50 percent reduction in procurement NTBs.

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Statistics on "Transatlantic Trade and Investment Partnership"

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