Conference: The Transatlantic Economic Cooperation for Competitiveness and Growth

Event Resources

Conference: The Transatlantic Economic Cooperation for Competitiveness and Growth
Oct
24

Date/Time
Date(s) - 24/10/2013
9:00 am - 12:00 pm

Location
Sofia Hotel Balkan


 

The American Chamber of Commerce in Bulgaria has the pleasure to invite you to
one-day conference:

The Transatlantic Economic Cooperation for Competitiveness and Growth
TTIP Agreement: Bulgaria’s Perspective
on October 24, 2013, Thursday, 9:00 a.m., Sheraton Sofia Hotel

The conference will discuss the proper governance in key areas of the global and Bulgaria’s economy in the light of the transatlantic commerce.

Our speakers: Bulgaria’s President Rosen Plevneliev, Daniela Bobeva, Deputy Prime Minister for Economic Development, Joseph Quinlan, Managing Director & Chief Market Strategist, U.S. Trust, Bank of America Private Wealth Management; Ms. Susan Danger, Executive Director of AmCham EU and Mr. Hendrik Bourgeois, President of AmCham to the European Union and Vice-president of General Electric Corporation.

Register here: Registration Form
The Transatlantic Trade and Investment Partnership (TTIP) is the name of a trade agreement that is going to be negotiated between the European Union and the United States. The negotiations will aim at removing trade barriers (tariffs, unnecessary regulations, restrictions on investment, etc.) in a wide range of economic sectors as to make easier to buy and sell goods and services between the EU and the U.S. The EU and U.S. also want to make it easier for their companies to invest in each other’s economy.

 

Background:

During the first round of the talks, which took place in Washington between 8 and 12 July 2013, negotiating groups have set out respective approaches in various areas that the TTIP is set to cover: market access for agricultural and industrial goods, government procurement, investment, energy and raw materials, regulatory issues, sanitary and phytosanitary measures, services, intellectual property rights, sustainable development, small- and medium-sized enterprises, dispute settlement, competition, customs/trade facilitation, and state-owned enterprises.

The EU and the US make up 40% of global economic output and their bilateral economic relationship is the world’s largest. The aim of the Transatlantic Trade and Investment Partnership is to liberalize as much as possible trade and investment between the two blocs that will result in more jobs and more growth on both sides.

Overall, U.S. FDI outflows to Europe were $188 billion in 2012, a 17% decline from 2011, but still the 3rd strongest annual level on record. In the first half of 2013, U.S. FDI outflows to Europe totaled $92 billion. Though this figure is down 8% from the same time last year, we see the possibility for a stronger second half of the year based on the improving earnings outlook in Europe and gains in consumer and manufacturing sentiment, reads the data from Transatlantic Business Council.

 

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