The EU and the US negotiate the Transatlantic Trade and Investment Partnership (TTIP). The following are the core theses of our talk on what the EU and the US aim for with TTIP and why the state isn't simply chased by big business when making its external trade policy as a core of its economic and foreign policy.
The points here are presented as claims—in the workshop we will explain them in more detail.
- TTIP aims to make market access easier for capitalist companies from the respective other side of the Atlantic, to lower any barriers and costs of trade between the two big markets and to give investors from the other side more safety.
- Capitalist states want their economy to grow and succeed as it is their basis of power. On their territory, states simply set the conditions for capitalist growth.
- Elsewhere in the world, a state needs to make arrangements with others states to determine the conditions they set for foreign capital.
- With TTIP, new conditions for trade between the world power and one of the leading economic blocks are being negotiated: the EU and the US with their respective calculations aim to agree on new conditions for their respective national economies to accumulate.
- Both want to enhance the conditions for their own capitalist companies active abroad. They also want to attract foreign capital with a particular interest in strengthening their respective currency.
- EU and US aim to draw a blueprint for trade deals worldwide. By the mere strength of their economies and the pressure they create for other states, they hope to be able to lay down the ground work for a more liberalised trade regime worldwide.