The United States and the EU are making headway on negotiations towards a transatlantic agreement to liberalize trade and investment flows.
The United States and the European Union (EU) held the 11th round of negotiations for the Transatlantic Trade and Investment Partnership (TTIP) on October 23 in Miami. The discussions focused on the three pillars of the agreement: market access, regulatory cooperation, and trade rules. With regard to the first pillar, the exchange of offers on tariff reductions and proposals on rules of origin for specific products are of particular note. Both sides agreed to exchange offers on public procurement in February 2016.
As regards regulatory cooperation, there were meetings between the relevant EU and US agencies responsible for regulations on road safety, communications, food, pharmaceuticals, and health, among others.