Maximizing Innovation Should be Central Goal of T-TIP Agreement
WASHINGTON (October 10, 2013) - The Information Technology and Innovation Foundation (ITIF) has released a report arguing that the United States and Europe should leverage the Transatlantic Trade and Investment Partnership (T-TIP) Agreement to create a model framework for global trade. How to Craft an Innovation Maximizing T-TIP Agreement proposes a series of recommendations for the agreement not just to maximize innovation in both regions, but to strengthen the entire international innovation ecosystem.
"Traditionalists argue that trade agreements should focus solely on reducing barriers to trade and increasing the flow of goods, mainly by decreasing tariffs," notes Michelle Wein, Research Analyst with ITIF and co-author of the report. "However, in a globally integrated economy where an increasing share of trade occurs in innovation-based industries, the rationale for trade must now be about