Our new study on the impact of the Transatlantic Trade and Investment Partnership (TTIP) released today, adds important findings on the impact of TTIP on developing countries. Exploring potential preference erosion effects from the largest multilateral free trade agreement in history, we present a variety of findings and policy recommendations.
Key findings of the study include:
On average, developing countries may expect a small reduction in real income of -0.06%.
The biggest winners from TTIP are to be found in the rest of Europe, Central Asia and the Eurasian Customs Union.
China, ASEAN countries, and East Asia will suffer the greatest negative impact.
Most countries in Africa, gain from TTIP, while a few countries in the South of the African continent will face welfare losses.
For more information on TTIP’s economic effects on third countries, see here a short video with the author of the study, Prof. Gabriel Felbermayr speaking on the economic spillover effects of TTIP.