The TTIP is an abbreviation for the Transatlantic Trade and Investment Partnership. This comes from the EU trying to establish a trade and investment deal with the USA. The TTIP is being negotiated to help the US open up to opportunities from EU firms. It will come up with new rules regarding exporting, importing, and investing overseas.These new rules will allow for the provisions of energy and materials to be accessible. They'll protect people's rights and the environment while saving time and money on paperwork. The TTIP would be used to promote world trade rules and to generate more jobs and growth, offering people more choices to choose from. TTIP can benefit everyone in the world but to get it right we need to listen everyone's concerns and take them into consideration.
Source: http://ec.europa.eu/trade/policy/in-focus/ttip/about-ttip/
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I'm surprised that a trade agreement between two of the largest economic forces is only recently being established, but it sounds beneficial to everyone involved.
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