The draft TTIP energy chapter was sent to the Guardian in July 2016. [107] According to The Guardian, this project could „sabotage“ European efforts to implement binding energy-saving measures and promote the transition to renewable electricity generation. The draft text obliges the two trading blocs to „promote the self-regulation of energy efficiency requirements for industrial goods, for which such self-regulation can achieve policy objectives more quickly or at a lower cost than mandatory requirements.“ [107] The project also provides that energy system managers provide access to gas and electricity „under reasonable, transparent and non-discriminatory commercial conditions, including between types of energy. [107] Feed-in tariffs would thus be open to trade challenges, including those used by Germany. „These proposals are completely unacceptable,“ he said. They would sabotage the ability of EU lawmakers to prioritise renewable energy and energy efficiency over unsustainable fossil fuels. This is an attempt to undermine democracy in Europe. [107] Successive initiatives by European policy-makers and the US government included the creation in 1995 of a business interest group, the Transatlantic Trade Dialogue (TABD) by authorities on both sides of the Atlantic; 1998, the creation of an advisory committee, the Transatlantic Economic Partnership; The Transatlantic Economic Council was established in 2007, bringing together business representatives from both sides of the Atlantic to advise the European Commission and the US government – and finally, in 2011, the creation of a high-level panel of experts whose conclusions, presented on 11 February 2013, recommended the opening of negotiations for a large-scale free trade agreement. On February 12, 2013, in his annual State of the Union address, President Barack Obama called for such an agreement. [27] The next day, the President of the European Commission, Jose Manuel Barroso, announced discussions on negotiating the agreement.

[28] [29] Economic barriers between the EU and the US are relatively weak, not only because of long-standing membership of the World Trade Organization (WTO), but also because of recent agreements such as the EU-US Open Skies Agreement and the work of the Transatlantic Economic Council. The European Commission says the adoption of a transatlantic trade pact could boost overall trade between the various blocs by up to 50%. [23] The economic benefits of a trade agreement were predicted in the joint report of the White House and the European Commission. [24] The EU Framework Report (Other Languages) published in November 2020 and foreword by DG Trade Director-General Sabine Weyand (other languages) takes stock of the successes in 2019 and the 36 main EU preferential trade agreements. The accompanying staff working document provides detailed information in accordance with the trade agreement and trading partners. At France`s request, trade in audiovisual services has been excluded from the EU`s negotiating mandate. [131] The European side insisted that the agreement include a chapter on the regulation of financial services; but this is rejected by the United States, which recently passed the Dodd-Frank Act in this area. [132] U.S. Ambassador to the European Union Anthony L.