This statistic shows the projections of the macroeconomic effects of the Transatlantic Trade and Investment Partnership (TTIP) on the European Union economy in 2030. As a result of an ambitious TTIP implementation this model predicts an additional 0.5 percent growth in EU GDP over baseline in 2030.
Macroeconomic effects of the Transatlantic Trade and Investment Partnership on the EU economy in 2030
The ambitious and less ambitious projections of TTIP are based on an updated version of the model from the 2013 Centre for Economic Policy Reasearch study on TTIP. The changes in the updated model used here include extending the economic forecasts from 2027 to 2030 as well as updating the baseline with which the TTIP-based projections are compared.
The model for the less ambitious TTIP scenario includes: 98 percent of tariffs eliminated; 10 percent of non-tariff barriers (NTBs) on good and services eliminated (20 percent actionable), except for processed foods where no reduction of NTBs has been modelled; a 25 percent reducation in procurement NTBs.
The model for the ambitious TTIP scenario includes: 100 percent of tariffs eliminated; 25 percent of NTBs on goods and services eliminated (50 percent of actionable), except for processed foods where no reduction of NTBs has been modelled; a 50 percent reduction in procurement NTBs.
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Ecorys, & European Commission. (May 13, 2016). Macroeconomic effects of the Transatlantic Trade and Investment Partnership on the EU economy in 2030 [Graph]. In Statista. Retrieved December 03, 2024, from https://www.statista.com/statistics/547612/macroeconomic-effects-of-ttip-on-eu-2030/
Ecorys, und European Commission. "Macroeconomic effects of the Transatlantic Trade and Investment Partnership on the EU economy in 2030." Chart. May 13, 2016. Statista. Accessed December 03, 2024. https://www.statista.com/statistics/547612/macroeconomic-effects-of-ttip-on-eu-2030/
Ecorys, European Commission. (2016). Macroeconomic effects of the Transatlantic Trade and Investment Partnership on the EU economy in 2030. Statista. Statista Inc.. Accessed: December 03, 2024. https://www.statista.com/statistics/547612/macroeconomic-effects-of-ttip-on-eu-2030/
Ecorys, and European Commission. "Macroeconomic Effects of The Transatlantic Trade and Investment Partnership on The Eu Economy in 2030." Statista, Statista Inc., 13 May 2016, https://www.statista.com/statistics/547612/macroeconomic-effects-of-ttip-on-eu-2030/
Ecorys & European Commission, Macroeconomic effects of the Transatlantic Trade and Investment Partnership on the EU economy in 2030 Statista, https://www.statista.com/statistics/547612/macroeconomic-effects-of-ttip-on-eu-2030/ (last visited December 03, 2024)
Macroeconomic effects of the Transatlantic Trade and Investment Partnership on the EU economy in 2030 [Graph], Ecorys, & European Commission, May 13, 2016. [Online]. Available: https://www.statista.com/statistics/547612/macroeconomic-effects-of-ttip-on-eu-2030/
