Presentation on theme: "Trans-Atlantic Relations: New grounds for increased cooperation on Trans-Atlantic issues J.D. Gordon Senior Fellow Center for a Secure Free Society, Washington,"— Presentation transcript:
Trans-Atlantic Relations: New grounds for increased cooperation on Trans-Atlantic issues J.D. Gordon Senior Fellow Center for a Secure Free Society, Washington, DC EPP EIN – FAES, Madrid March 2014
How can TTIP strengthen strategic partnership between U.S.-E.U.?
Maximize economic potential through eliminating unnecessary regulatory barriers, tariffs and overly burdensome customs procedures Source: Heritage Foundation
Boost U.S. and E.U. economies, which combined account for almost 1/2 of the world GDP, at $16.5 and $16 trillion USD, respectively, and 1/3 of total world trade Source: U.K. Trade & Investment, U.S. State Department
Create jobs, adding 740,000 to 13 million U.S. workers already employed in Trans-Atlantic business sector Source: Atlantic Council, Bertelsmann Foundation
Strengthen Trans-Atlantic collective security through improved economic policies and resulting increased revenues
Why is this important?
Global Conflict is Growing...
…from those whose do not share U.S.-E.U. common values of respecting international law or territorial sovereignty…
…Nor respect the democratic process, its institutions, human rights and the rule of law
Annualized GDP Growth Rates: E.U.: 1.17% U.S: 1.90% China: 8.24% India: 6.19% Source: European Commission, Eurostat
Defense budget spending trends E.U.: Decreasing, dropped $263 billion to $220 billion, U.S: Decreasing $1 trillion over a decade, current $495 billion China: Increasing approx. 10% annually, current $132 billion Russia: Increasing approx. 44% since 2007, current $78 billion Source: Economist, CSIS, Jane’s Annual Defense Budgets
U.S., E.U. military spending 39% and 18% of world total, respectively – but in decline Source: CFR, Washington Post
If the U.S. and E.U. don’t stand together for a global freedom agenda, who will?
If the U.S. and E.U. cannot protect their own citizens from modern era radical Islam-inspired global terrorism, who will?
Conclusion Each and every Dollar, Euro, Pound saved through TTIP will result in stronger U.S. and E.U. to better face shared security and economic threats While differences still exist, the price of not enacting TTIP is too high considering current worldwide global trends Global freedom agenda depends on close U.S.-E.U. partnership
“We must all hang together, or assuredly will shall all hang separately” – Benjamin Franklin, 1776