Following David Cameron’s remarks to business leaders about the Transatlantic Trade & Investment Partnership at Bloomberg in New York, Chris Cummings, Chief Executive, TheCityUK, said:
The Prime Minister is right to underline the need for political leadership to complete the Transatlantic Trade & Investment Partnership (TTIP).
TTIP’s potential to create jobs and generate economic growth in Europe and the United States is enormous. At stake is the realisation of the range of positive benefits to citizens and businesses on both sides of the Atlantic that would come from a comprehensive and ambitious agreement. TTIP’s influence could also be felt beyond the transatlantic marketplace by providing a template for addressing global trade and investment rules. This is a prize well worth having.
While some major issues remain to be addressed in the negotiations, many of the arguments heard from those who do not wish to see TTIP concluded are misplaced. This is why the Prime Minister’s leadership is so welcome and why TheCityUK urges others to take up the challenge and deliver the economic boost that a successful TTIP promises.
The message is clear: don’t waste this chance.