TTIP Impacts on European Energy Markets and Manufacturing Industries

12-01-2015

This study, provided by the Policy Department A at the request of the Industry, Research and Energy Committee (ITRE), aims to assess whether and to which extent European energy markets and manufacturing industries would be affected by the Transatlantic Trade and Investment Partnership (TTIP). Although the negotiations are currenly on-going, the analysis shows that the TTIP will improve the EU’s security of energy supply through adding liquidity and competition to the natural gas market. The TTIP will not directly lower either environmental or social legislation, but the study recommends the ITRE Committee to be aware of the potential for weakening of legislation implementation such as REACH and FQD.

This study, provided by the Policy Department A at the request of the Industry, Research and Energy Committee (ITRE), aims to assess whether and to which extent European energy markets and manufacturing industries would be affected by the Transatlantic Trade and Investment Partnership (TTIP). Although the negotiations are currenly on-going, the analysis shows that the TTIP will improve the EU’s security of energy supply through adding liquidity and competition to the natural gas market. The TTIP will not directly lower either environmental or social legislation, but the study recommends the ITRE Committee to be aware of the potential for weakening of legislation implementation such as REACH and FQD.