TTIP to add half point of GDP over three years, consultancy estimates

Aug 01, 2015 1008

by Rossella Bocciarelli

An additional half point of GDP over three years and a 30,000 unit boost in employment - that's the potential impact that the TTIP (Transatlantic Trade and Investment Partnership) could have on Italy's economy.

According to an estimate by Prometeia, Italy's GDP would rise by €5.6 billion net of inflation if partners move ahead with the most expansive version of the transatlantic treaty, its three pillars being market access that would eliminate customs' duties, new rules on non-tariff barriers and untangling tortuous bureaucracy, and a series of regulations regarding intellectual property, sustainable development, small and mid-sized companies and capital movements.

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Fonte: Italy24

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