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

Advertising

the sting Milestone

Featured Stings

Can we feed everyone without unleashing disaster? Read on

These campaigners want to give a quarter of the UK back to nature

How to build a more resilient and inclusive global system

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

Grexit no longer a threat but how to manage a “tutti frutti” government if not with fear?

MEPs list conditions for new EU-Azerbaijan deal

From Policy to Reality: Discrepancies in Universal Health Care Systems across the European Union

EU Facility for Refugees in Turkey: €6 billion to support refugees and local communities in need fully mobilised

EU rewards organisations that make eco-innovation pay

Sweden to reach its 2030 renewable energy target this year

What will the US look like under Trump? Was his election campaign a big scam?

‘Being open about my mental health created a better work culture’

Huawei answers allegations about its selling prices

The EU Commission is lying to the “Right2Water” campaign

1 in 7 people would choose not to fly because of climate change

Quicker freezing and confiscation of criminal assets to fight organised crime

A European young student shares his thoughts on Quality Education

The space internet race is dawning. Here’s what to expect

Climate changes and the imminent public health crises

MEPs back plans to promote water reuse for agricultural irrigation

EU is now giving Google new monopolies to the detriment of European citizens and Internet companies

Decade ending 2019 likely to be hottest on record

Greenhouse gas levels in atmosphere break another record, UN report shows

UN launches ‘South-South Galaxy’ knowledge-sharing platform in Buenos Aires

One migrant child reported dead or missing every day, UN calls for more protection

Breaking news on European Youth Employment: European Youth Forum Guide tackles poor quality internships!

Is deflation a real danger for Eurozone?

Companies can help build a more inclusive world. Here’s how

Alarming level of reprisals against activists, human rights defenders, and victims – new UN report

Will 2020 be the year blockchain overcomes its hype?

This company is breeding millions of insects in the heart of London

London is planting a giant bee corridor to boost insect numbers

Yes, together we can make a change! YO!Fest and EYE 2016

Climate Change : An Already Health Emergency

UN agency hails Brazil ‘milestone’ decision over Venezuelan refugees

US pardons for accused war criminals, contrary to international law: UN rights office

Strengthening security through an EU-wide information system

‘Dire consequences’ for a million children in the Middle East, North Africa, as funding dwindles

These scientists are using sound waves to filter plastic fibres from washing machine wastewater

Schengen: MEPs ready for negotiations on temporary checks at national borders

There are more than 1 billion guns in the world and this is who owns them

Parliament elects the von der Leyen Commission

G20 told crucial COP24 climate change conference ‘must succeed’: Guterres

How India is harnessing technology to lead the Fourth Industrial Revolution

What is hydroponics – and is it the future of farming?

EU-U.S. trade talks – one year on, Commission presents progress report

A biodiversity scientist explains the problem with our neat lawns

Brazilian officer a ‘stellar example’ of why more women are needed in UN peacekeeping

The future of sustainability: recycling carbon through the power of the sun

E-Governance: A powerful tool to combat, mitigate and sustainably manage disaster risks

How to make later life happy, healthy and meaningful

EU finally to extend sanctions on Russia despite arguments; Greece again in Europe’s spotlight

The Ultimate Career Choice: General Practice Specialist

Caravan of Mothers of Missing Migrants kick off a global migration search movement

China is winning the electric vehicle race

Do the giant banks ‘tell’ Britain to choose a good soft Brexit and ‘remain’ or else…?

Why financial services can kickstart Africa’s digital economy

In Chad, top UN officials say humanitarian response must go ‘hand in hand’ with longer-term recovery

US-China trade war: Washington now wants control of the renminbi-yuan

Poland: €676 million worth of EU investments in better rails and roads

3 reasons all countries should embrace the Global Compact for Migration

Here’s how community lending could help refugees find their feet

ILO: Unemployment to increase by 8.1 million in 2013-2014

Rights of ‘gilets jaunes’ protesters in France, ‘disproportionately curtailed’, say UN independent experts

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