Format for Write-up (Macro) Case Solution
4: Alternative Solutions or Options:
If TTIP would happen between the US and the EU; it will not only boost the US or EU economy but would also improve the entire world's economy by 80 billion,which would increase one third of the world global trade and would create millions of employments as well.
Regulatory Issues:
- Health: Food and Medicines products should be made according to both the markets’consumers.
- Safety: Car safety guidelines should be modified according to the respective market,for example both the US and EU have different but similar safety guidelines,such as: car lights, door locks and electric windows.
- Environment:Producing goods in safe and healthy environment for the worker and the consumers, for example: opening in a factory outside the city so the goods’ production would not cause environmental hazards. .
Tariff:
- There should be a policy where a particular amount of duty should be implied on the goods, which will automatically build more severity among the world’s two biggest economies.
Recommendation(s) and Implementation:
I for one suggest that if TTIP tends to increase the numbers of trade opportunities and investments opportunities which the countries are looking for in order to flourish, then TTIP the best fit that should be chosen.
Basically TTIP would increase the employment opportunities, leading to millions of people getting employment around the world and helping the underdeveloped and developing countries to increase their resources for a better future.
TTIP would help the developing countries in having an increase in their market presence in both the untapped markets of EU and US, which would benefit the countries in:
- Improves their Domestic Infrastructure.
- Diversifies their Export Market.
6: Monitor and Control:
Transatlantic trade & Investments Partnership (TTIP) would increase the presence of other countries in the untapped market in EU and US, which will bring more investment in all the countries who would have strong relationship with the US and EU, which would help them in increasing their overall economy. TTIP has the potential to create employment opportunities in many countries throughout the world. TTIP will increase the jobs for millions of people around the world.And will increase the employment rate, and asthe employment rate increases, so does the overall growth of the country.
Domestic Infrastructure will also be improved as other countries would invest, which would raise the FDI will be raised, improving the overall economy. FDI has the tendency of improving the economic conditions not just in present but in future as well, which will promote the imports and exports between multiple countries........................
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