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by chiaro 3699 days ago
>The estimated benefit of TTIP is 400,000 jobs and 0.5% GDP for the EU.

My support for most post-globalisation trade liberalisation treaties tends to be lukewarm. However, this can't really be called "not much". 400,000 jobs against a working population of ~300M is a decrease in unemployment by .13 percentage points. 0.5% increase in GDP is still ~70B that otherwise wouldn't be there.
2 comments
skosch 3699 days ago
And those 70B are going to trickle down, aren't they?
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pizza234 3698 days ago
Estimates vary wildly. According to a Techdirt [1] article, the mentioned 0.5% is pure marketing.

Besides, you can't decontextualize the gains from the losses, both economical and cultural.

I can imagine for example, in worst case scenario, billions transferred from EU to tax havens because of the ISDS, and job losses because of [partial] loss of protection of Geographical indications.

[1]=https://www.techdirt.com/articles/20140417/09391926947/tafta...

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