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

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Featured Stings

Apparently the EU Digital Single Market passes necessarily from China’s Digital Silk Road

Young people all over the world come together to demand paid good quality internships

G20 LIVE: World Leaders in Turkey for G20 Summit. Global Economy will be discussed in Antalya

Eurozone’s bank resolution mechanism takes a blow

The financial future of Eurozone on the agenda of Friday’s ECOFIN council

Access to health in the developping world

On Youth Education: “Just a normal day in the life of a medical student”

Eurozone stagnates after exporting its recession to trading partners

Germany hides its own banks’ problems

China-EU Special Report: Chinese Premier Li Keqiang endorses China’s big investment on Juncker’s plan at 10th China-EU Business Summit

Eurozone: In vicious cycle of disinflation and unemployment?

Is there a de facto impossibility for the Brexit to kick-start?

Canada and EU officially sign the trade agreement that could open-up the road to TTIP

“CETA is a game changer for major trade agreements”. The Sting reports live from EBS 2015

COP21 Breaking News_03 December: UNFCCC Secretariat Launches Forest Information Hub

2nd Global Consultation on Migrant Health 21-23 February 2017 in Sri Lanka

EU security and defence industry prepares positions for ‘producers’ and ‘customers’

G20 LIVE: “Our response needs to be robust…otherwise we will only find the fire we are trying to put out”, UN Secretary General Ban Ki-moon just lit up G20 in Antalya Turkey

JADE visits Lithuanian Junior Initiatives

ECB offers cheaper money despite reactions from Germany

The ECB proposes a swift solution for SMEs’ financing

October’s EU strong digital mix: From Safe Harbour to Net Neutrality, Roaming and Snowden

COP21 Breaking News_04 December: Commitments Made to Reduce Black Carbon, Methane and HFCs

Banks cannot die but can be fined

Is Eurozone preparing to abandon austerity and stagnation?

Except Poland, can climate change also wait until 2021 for the EU Market Stability Reserve to be launched?

More capital and liquidity for the banks

Economic sentiment and business climate stagnate in miserable euro area

Vĕra Jourová, European Commissioner in charge of Justice

The New EU-US “Shield” for data privacy is full of holes

The EU checks the multinationals for tax fraud but Britain may sail out of the EU via Panama

Why education and accountability are important for developing countries?

German political spillovers: ECB’s Draghi resists first attacks by AfD

Commission deepens criticism on German economic policies

Education expenditure in the EU not hurt much by crisis

MWC 2016 LIVE: Qualcomm looks to pick up Hamilton’s winning ways

EU leaders agree on 2030 Climate and Energy Package: is “flexible” brave enough?

Ukraine: The West and Russia negotiate shares of influence

“Health and environment first of all”, EU says with forced optimism after 7th round of TTIP talks

The scary EU elections result and the delayed Council’s repentance

While EU Open Days 2013 discuss the 2020 strategy, Microsoft shares a glimpse of EU 2060

A Sting Exclusive: “Leading by example! EU must push for UN deal to avoid dangerous climate change”, European Parliament Vice-President Ulrike Lunacek cries out from Brussels

The miserables and the untouchables of the economic crisis

The US banks drive the developing world to a catastrophe

Berlin repels proposal for cheaper euro

Eurobarometer: Not a single answer about what the Banking Union will cost to citizens

EUREKA @ European Business Summit 2014: A European patent system can help European businesses lead industrial research and innovation on a global scale

Intel @ MWC14: Our Love Story with Mobile – Transforming Wireless Networks

The DNA of the future retail CEO

European Young Innovators Forum @ European Business Summit 2014: Europe for StartUps, vision 2020

Beyond self-regulation: dealing with Europe’s consumption problem

How painful is the Greek tragedy for the Germans?

European Youth Capital 2019 announced: Novi Sad, Serbia

Tourism offers much to the EU gets a little

Will CETA be implemented after eight long years or it will be vetoed by the EU citizen?

Eurostat confirms a dangerously fast falling inflation in Eurozone

Is South Korea set to lose from its FTA with the EU?

MWC 2016 Live: Industrial world prepares to reap digital benefits

Commission considers anti-dumping duty on Chinese solar glass imports

Medical students as the critical link to address climate change

The way to entrepreneurship in the developing world

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 )

Twitter picture

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

Facebook photo

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

Google+ photo

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

Connecting to %s