Since industrial giants from China and the US are becoming dominant players in certain sectors of global and EU markets, 19 EU governments proposed revising the EU’s antitrust rules with the aim to support and facilitate the emergence of so-called “European champions” to make the EU competitive vis-à-vis major world economies.
READ MOREBeing designed to promote trade and multilateral economic growth, the Transatlantic Trade and Investment Partnership (TTIP) is a proposed trade agreement between the United States and the European Union. In its essence, the agreement aims to boost the trade by removing trade barriers as well as to expand corporate profits through the standardization of the legal regulations in the US and EU.
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