The Transatlantic Trade and Investment Partnership (TTIP) is a free trade exchange agreement still on the negotiating table between the European Union and the United States of America. Its aim is that of integrating markets and reducing administrative burdens for exporting companies and to draw up new regulations to make it easier to export, import and invest on both sides of the ocean.
According to its supporters, the TTIP will stimulate economic growth, increase employment and enhance European leadership in world trade: if approved the agreement would create the world's largest free trade area (EU and US accounting for about half of global GDP and one-third of global trade), forcing all other countries into adapting their own standards to the quality levels of the West.
However, some of the TTIP standards in the agricultural, food, health, tendering and employment sectors have raised doubts and fears about the possibility of maintaining the European system of protection in the area of food, agriculture, biodiversity, employment, and safeguarding of culture. Moreover, according to the opponents of the TTIP, the new system for resolving international disputes would lead to a weakening of governments' prerogatives. Members of the European Parliament have tabled no fewer than 898 amendments to the wording of the agreement.