European Institute

On April 13, 2015, The European Institute, in cooperation with the European Free Trade Association (EFTA) Secretariat, held a discussion on the implications of the Transatlantic Trade and Investment Partnership (TTIP) for EFTA states. Georges Baur, Assistant Secretary-General of EFTA, presented opening remarks on the history and trade relations of EFTA, followed by a panel of experts, moderated by Michael Smart, Vice President of the Rock Creek Global Advisors LLC. The Honorable Gunnar Gunderson, Member of the Norwegian Parliament (Strotinget), discussed the economic opportunity that TTIP has for EFTA and underlined the importance for EFTA to acquire an equal preferential treatment from both the U.S. and EU. The Honorable Thomas Aeschi, Member of the Swiss House of Representatives (Nationalrat), highlighted EFTA’s openness to trade, exemplified by its current 25 FTAs with 35 countries, and encouraged a docking mechanism into TTIP for EFTA, Mexico, and Canada. Ambassador Miriam Sapiro, Founder of Summit Strategies International and a Non-Resident Senior Fellow at the Brookings Institution’s Global Economy and Development program, outlined the premise of TTIP and the opportunity for the initiative to have an open architecture accessible to third countries. Lastly, Gary Clyde Hufbauer, Reginald Jones Senior Fellow at the Peterson Institute for International Economics, discussed the obstacles of having TTIP as an open architecture for trade, underlining that most accession clauses in FTAs have never been acted upon.