America's Mega-Regional Trade Diplomacy: Comparing TPP and TTIP

  • Hamilton D
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Abstract

The United States is currently negotiating two massive regional economic agreements, one with 11 Asian and Pacific Rim countries and the other with the 28-member European Union. The Trans-Pacific Partnership (TPP) and the Transatlantic Trade and Investment Partnership (TTIP) herald a substantial shift in US foreign economic policy as Washington turns its focus from the stalemated Doha Round of multilateral trade negotiations and scattered bilateral trade agreements to 'mega-regional' trade diplomacy. As the only party to both negotiations, Washington seeks to leverage issues in one to advance its interests in the other, while reinvigorating US global leadership. © 2014 © 2014 Istituto Affari Internazionale.

Author-supplied keywords

  • China
  • European Union
  • Japan
  • TPP
  • TTIP
  • United States
  • foreign policy
  • investment
  • services
  • trade

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Authors

  • Daniel S. Hamilton

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