[20171130]IF10120_跨大西洋贸易和投资伙伴关系（T-TIP）.pdf

https:/crsreports.congress.gov Updated November 30, 2017Transatlantic Trade and Investment Partnership (T-TIP)Background T-TIP is a potential “comprehensive and high-standard” free trade agreement (FTA) under negotiation since 2013 between the United States and European Union (EU), each others largest overall trade and investment partner. T-TIP aims to liberalize U.S.-EU trade and investment; address barriers to trade in goods, services, and agriculture; and set globally relevant rules and disciplines to support economic growth and multilateral trade liberalization. The 15th and latest negotiating round was in October 2016. Negotiations presently are on pause as both sides evaluate T-TIPs status. Role of Congress. Congress has a constitutional responsibility to regulate foreign commerce. It establishes overall U.S. trade negotiating objectives, updated in 2015 in Trade Promotion Authority (TPA) (P.L. 114-26), and would need to pass implementing legislation for a final T-TIP to take effect. The negotiations and a potential agreements implementation and enforcement present oversight issues. Figure 1. U.S. and EU-28 Economic Snapshot, 2016 Sources: (a) World Bank; (b) U.S. Bureau of