After a 2 year preparation period, on 14th of June 2013, the European Commission, on behalf of the respective European Member States, initiated talks with the United States regarding the set up of a Transatlantic Trade & Investment Partnership between the US and the EU.
The second round of negotiations is to take place between the 7th to the 11th of October 2013 in Brussels. (1)
This trade agreement, - allegedly the biggest bilateral trade deal ever negotiated as the US and EU already engage in a daily trade of goods and services with an estimated amount of 2 billion euros - is previewed as financially most advantageous, both for the American as well as the European economies.
During the first negotiation rounds in Washington which took place between the 8th &12th of July earlier this year, the EU presented its initial position papers, which hold technical documentation on various aspects of the negotiations, for example;
- Cross-cutting and Institutional provisions on regulatory issues;
- Technical barriers to trade;
- Sanitary and Phytosanitary measures (i.e. barriers to trade in food
and agriculture products;
- Public Procurement;
- Raw materials and energy;
- Trade and sustainable development.
Critics point to a deviation from the World Trade Organization (WTO) efforts to reboot the Doha Round of trade negotiations and a history of EU-US contention over trade policies governing global agriculture, intellectual property and information technology, as possible complications. (2)
In defending the choice to advance TTIP negotiations to the World Trade Organization and global critics, senior officials from the EU and U.S, point to the potential outcome of the bilateral trade negotiations as key to the economic revitalization of the global economy and world-wide job creation. (2)
As production can only function when coupled with sales, there are subvention plans available throughout Europe and the United States. As well as a wide range of companies, so called 'SICAVS' specializing in investment opportunities, providing capital to small and medium-sized companies, from development capital to control buyouts.
Transcribing: ... 'A SICAV is an open-ended collective investment scheme common in Western Europe, especially Luzembourg, Switzerland, Italy, Spain, Belgium, Malta, France and Czech Republic. SICAV is an acronym for French société d'investissement à capital variable, which
can be translated as 'investment company with variable capital'.' (3)
can be translated as 'investment company with variable capital'.' (3)
It is similar to an open-ended mutual fund (4) in the United States, while a sociedad de inversión de capital fijo or société d'investissement à capital fixe (SICAF) is similar to a closed-end fund.(5)
As in the case of other open-end collective investment schemes (such as contractual funds), the investor is in principle entitled at all times to request the redemption of his units and payment of the redemption amount in cash. SICAVs are increasingly being cross-border marketed in the EU under the UCITS directive.' (6) ...'
The Madrid Bourse under control of the CNMV (Comisión Nacional del Mercado de Valores) index is responding favourable to the foreseen investments, as it looks that brighter times are arising after the tempests of storm, rain and austerity that have been striking Spain.
Yes, if all goes as foreseen, - the pain in Spain, will soon be over.
During the following writings we'll provide more information on Transatlantic Trade and the Investment Partnership Policies, as to be implemented by the US and EU, subventions and a view of potential Spanish companies.
Please do not hesitate to contact us.
© Mevr. mr. drª Marian Aletta Does
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