New Issue Brief Finds that Even Projections for Paltry Gains from TTIP Are Greatly Overstated | Press Releases | Press Center | The Center for Economic and Policy Research

15.8.15

New Issue Brief Finds that Even Projections for Paltry Gains from TTIP Are Greatly Overstated | Press Releases | Press Center | The Center for Economic and Policy Research: Washington, D.C.- A new issue brief from the Center for Economic and Policy Research (CEPR) examines widely cited studies on the potential gains from the Trans-Atlantic Trade and Investment Partnership (TTIP) and finds that they would deliver just 40 cents per person per day in the U.S., and 0.2 euros per person per day in the EU. Supporters of the deal between the U.S. and EU have touted the supposed gains, but the CEPR brief notes that these gains would easily be dwarfed by losses the great majority of workers would experience due to increased inequality, and also that the original studies did not examine the costs from protections for pharmaceuticals and other non-tariff barriers (NTB).

“The projected gains from the proposed TTIP would be so small that it would take 38 TTIPs to make up for the long-term damage the U.S. economy has suffered over the last decade,” CEPR Co-Director Mark Weisbrot said.