| Summary/Abstract |
THE 23RD OF OCTOBER 2015 was the final day of the 11th round of negotiations between the European Union and the United States on a proposed free trade treaty. The full name of the accord, the Transatlantic Trade and Investment Partnership (TTIP), reflects its comprehensive character. The proposed agreement aims not only to remove customs barriers but also to harmonize various regulatory standards, protect investors, put restrictions on the use of subsidies, provide foreign companies with equal access to government procurement contracts, and solve a whole range of other sensitive problems. TTIP may bring into being a mega-bloc that would account for a nearly 40% share of the gross world product and run one-third of international trade.
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