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TTIP: Unanswered Questions for British Business, says BCC

Speaking as the BCC prepares to give evidence to the House of Commons BIS Committee inquiry on the EU US free trade talks, John Longworth, Director General of the British Chambers of Commerce (BCC) said:

“While it is true that freer trade between the EU and the United States would unlock opportunities for many British businesses, it could create challenges for others. The cheerleaders for TTIP are overly optimistic — and its detractors too categorical in their opposition.

“Businesses want far more transparency and consultation in the TTIP process, and some tell us they have many unanswered questions. Could TTIP undermine the UK’s existing trading advantages with the USA?  Could it affect the benefits the UK has had as a ‘front door’ to Europe for US investment? Will our companies really get access to opportunities in US states? How can we have a TTIP when the EU has no effective internal market? Businesses want these sorts of questions addressed, but feel they are caught in a black-and-white debate between multi-nationals on one side, and anti-TTIP campaign groups on the other."

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