The Transatlantic Trade and Investment Partnership (TTIP) is a proposed free trade agreement between the EU and the US.This is a deal involving the world’s two biggest economies.
Some say the agreement would result in multilateral economic growth and raise incomes in the EU and the US. While some say it would increase corporate power, is an agenda driven by international business that threatens environmental, health and safety standards and would make it more difficult for governments to regulate markets for public benefit.
Among the issues raised are labeling requirements over the care instructions, the fiber names disclosed in a garment composition label and the use of the super S scheme for the labeling of wool products.Concerning consumer safety requirements, the European industry raises questions on children’s products and on flammability requirements that apply to clothing and other textile products such as home textiles and personal protective equipment.
TTIP will help unlock opportunity for American families, workers, businesses, farmers and ranchers through increased access to European markets for American made goods and services. It is a cutting edge agreement aimed at providing greater compatibility and transparency in trade and investment regulation while maintaining high levels of health, safety, and environmental protection.