Publication

This report examines the underlying economics of the Trade and Investment Partnership (TTIP) between the US and the EU and the possibility of the TTIP generating spillovers for third countries. The authors 1) define spillovers and how they have been quantified in a previous empirical economic study; 2) propose a way to identify potential spillovers for a specific country; and 3) examine the export sectors in each country most sensitive to spillover influence. The authors conclude that the "closest neighbors" (NAFTA, EEA, Switzerland and Turkey) and the chemicals export sector have the biggest interest in aligning their own trade regulations to the TTIP to benefit from potential spillovers.