TTIP: why it is worth not to pull the covers over your head?

malmstrom-commission-for-trade

Cecilia Malmström, EU Commissioner responsible for Trade. Date: 09/11/2016 Reference: P-032907/00-14 Location: Brussels – EC/Berlaymont. © European Union , 2016 / Source: EC – Audiovisual Service / Photo: Georges Boulougouris.

This article was exclusively written for the Sting by Mrs Mona Herter, Secretary General of the European Confederation of Junior Enterprises (JADE). The article is published in view of the famous Generations Club of JADE, which is taking place today in Brussels. JADE is a cordial partner of The European Sting. The opinions expressed within reflect only the writer’s views and not The European Sting’s position on the issue. 

The free trade agreement between Europe and the USA is a highly controversial topic. Supporters of the agreement see it as the opportunity for Europe’s SME’s and entrepreneurs to enter the pitch together with EU’s big brother USA.[1] Opponents feel threats for the European security and health also they see public interests in danger to be disrespected and legislation processes of European governments bypassed by the interests of big corporations.[2]

Especially Small and Medium Size Enterprises as well as Start-ups would be impacted by this danger but also positively by the opportunities that come with it. In the European Union, over 20 million companies in the EU are SMEs and they provide two-thirds of all private sector jobs. Naturally they have a tremendous capacity to create new employment. 85% of net new jobs between 2002 and 2010 were created by SMEs.[3] By basically eliminating the trade barriers and tariffs caused by minimal legislative adoptions thanks to T-TIP, SME’s and start-ups – the drivers of innovation in Europe- would be able to extensively expand into the US market. However, with the newest change of course in the government of the United States, these attempts might be suspended.

If we take a step back and reflect about why the European Commission is negotiating this agreement, we understand that all these efforts are done to foster collaboration across borders, which should bring the two biggest economic powers of the world closer together and engage the global mind set. In addition, the approximation of the two powers is crucial to remain competitive as other powers are growing. This does not only apply collaboration in terms of trade but also means the exchange of knowledge, ideas and intercultural thoughts. The latter are essential when it comes to entrepreneurship, especially among young people – only the synergies of collaboration are enabling us to achieve big goals, to learn and succeed. Nowadays, when starting a business of whatever nature, it is inevitable to preconceive an international orientation, not least thanks to a digitalized world with industry 4.0 and the internet 2.0.

Looking at Junior Entrepreneurs who are future Intra- and Entrepreneurs, a global facilitation for export and electronic commerce while reaffirming their intellectual property rights, will be a huge opportunity. European Junior Entrepreneurs are actually taking the lead and are in a pro-active stage of joining their forces with American Junior Entrepreneurs, which can be taken as a good example by the big players.

With accepting CETA[4] we have done one step towards this approach, whether T-TIP will be moved forward or not – the important fact is the idea behind it, which is the positive impact on society caused by collaboration. To quote the words of Phil Condit, former CEO of Boeing: “We are moving toward a global economy. One way of approaching that is to pull the covers over your head. Another is to say: It may be more complicated – but that’s the world I am going to live in, I might as well be good at it.” So this means for the Entrepreneurs of tomorrow: If we take the lead to co-create our future, it will be global and it will be collaborative.

 

[1] http://ec.europa.eu/trade/policy/in-focus/ttip/about-ttip/index_de.htm

[2] https://stop-ttip.org/de/wo-liegt-das-problem/

[3] Brochure „T-TIP opportunities for Small and Medium Sized Enterprises“ found in https://ustr.gov/about-us/policy-offices/press-office/reports-and-publications/2015/t-tip-opportunities-small-and

[4] http://www.theglobeandmail.com/report-on-business/rob-commentary/after-a-tortuous-two-decades-ceta-is-a-trade-deal-worth-celebrating/article33053341/

About the author

mona-herter

Mrs Mona Herter is the Secretary General of JADE

 

Ms. Mona Herter is the current Secretary General of JADE – the European Confederation of Junior Enterprises. She is direction the departments Communication, Enlargement, International Relations and Training of the organization.
After her graduation as a Bachelor of Engineering in Textile Technology and Management, she worked for an international Sports- and Fashion corporation. At the moment she is finishing her Master of Science in Management Engineering as a double degree modality at UPC BarcelonaTech (Spain) and Politècnico di Torino (Italy).

Advertising

Advertising

Advertising

Advertising

Advertising

the European Sting Milestones

Featured Stings

Stopping antimicrobial resistance would cost just USD 2 per person a year

The Banking Union may lead to a Germanic Europe

Youth policy in Europe not delivering for young people

IMF: Sorry Greece it was a mistake of 11% of your GDP

Why lay people don’t expect anything good from G20

Pesticides: MEPs propose blueprint to improve EU approval procedure

The Commission neglects the services sector and favours industry

South Asia can become an innovation hub. Here’s how

These 4 Nordic countries hold the secret to gender equality

China in My Suburbs

Earthquake: Monte Dei Paschi Di Siena

UK must make clear what it wants, MEPs say in Brexit debate

G7 summit: Trump Vs. G6 leaders on trade and climate change

Why a healthy planet and a healthy economy go hand-in-hand

Snowden is the “EU nomination” for this year’s Oscars

The challenge of maintaining interest in Primary Health Care in medical students

Cocaine and opium production worldwide hit ‘absolute record highs’ – major threat to public health says UN study

ECB readies itself for extraordinary monetary measures defying Germany

UK Labour Party leader Corbyn readies to change Brexit political backdrop

2019 EU Budget: Commission proposes a budget focused on continuity and delivery – for growth, solidarity, security

Online government services could change your life. But only if you have access to the internet

UN forum to bring ‘big space data’ benefits to disaster response in Africa

Use “blockchain” model to cut small firms’ costs and empower citizens, urge MEPs

Close to final agreement on the EU Banking Union

UN chief welcomes event reuniting families on the Korean Peninsula

EU-U.S. Trade Talks: European Commission presents draft negotiating mandates

Financial Transaction Tax: More money for future bank bailouts?

China, forever new adventures

MEPs agree on new rules to tax digital companies’ revenues

Ship Recycling is the Commission’s Titanic

Dreaming of China

Drought in Europe: Commission presents additional measures to support farmers

Young? You should work out the entrepreneurial heart before the mind

Quicker freezing and confiscation of criminal assets in the EU

Third Facebook-Cambridge Analytica hearing: data breach prevention and cures

Draghi’s 2018 compromise: enough money printing to revive inflation and check euro ascent

Why do medical students have to emigrate to become doctors in 2017?

Poverty data never tells the whole story

Spotlight Initiative – EU and UN fight against domestic violence in the Pacific region

Top UN political official updates Security Council on Iran nuclear deal

Stigmatized, shunned and shamed, International Widows’ Day draws attention to their unique needs

Our present and future tax payments usurped by banks

Commission caps charges on card and Internet payments and enforces competition

Greater support needed for refugees and migrants from Venezuela – UN

China’s cities are rapidly becoming more competitive. Here’s why

Fresh airstrikes kill dozens in conflict-ravaged Syria

EU Commission: The banks are not obliged to finance the real economy

Climate change is speeding up. Our response needs to be even faster

The West – the EU and the US – is writing off Turkey’s Erdogan

The New Year 2016 will not be benevolent to Europe

Everybody against Japan over yen’s devaluation

Syria: UN-backed watchdog says chemical weapon ‘likely used’ in February attack

Presentation of Juncker’s Investment Plan: Can 315 billion euros save the EU?

Brexit: the time has come for the UK to clarify its position

Here are 4 tips for governing by design in the Fourth Industrial Revolution

The Parliament paves the way for the creation of the European Banking Union

Top envoy to Yemen praises ‘flexibility’ of chief negotiators as new UN mission chief is named

Rising landmine blast toll in Afghanistan highlights long-term care needs of survivors

EU budget: Commission proposes most ambitious Research and Innovation programme yet

Capital Markets Union: Making it easier for insurers to invest in the real economy

Moves to create a Kosovo army have ‘deteriorated relations’ with Serbia: UN peacekeeping chief

More Stings?

Trackbacks

  1. […] Sale Dragon Pharma for Sale Dragon Pharma for Sale Dragon Pharma for Sale Dragon Pharma for Sale Dragon Pharma for Sale Dragon Pharma for Sale Dragon Pharma for Sale Dragon Pharma for Sale Dragon Pharma for Sale Dragon […]

Speak your Mind Here

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s