LORDS

Transatlantic Trade and Investment Partnership

17 June 2014

On Tuesday 17 June the House of Lords will debate the report on the Transatlantic Trade and Investment Partnership (TTIP) by the Lords EU Sub Committee on External Affairs.

The report identified the gains, potentially enormous, from the EU/US trade deal, but also warned of the challenges ahead in making it happen, and the real risk of letting the opportunity slip away.

Lord Tugendhat, who chaired the Committee, will open the debate. 

Lord Livingston of Parkhead will respond for the Government.

Committee Chairman

Commenting ahead of the debate Lord Tugendhat said:

“The Committee found that TTIP has huge potential to generate both trade and investment on both sides of the Atlantic. But the timing of the deal is going to be critical, and we will be urging the new EU Commission, responsible for conducting the negotiations on behalf the EU, not to waste any time in making it happen.

The Committee also believes that the UK Government needs to generate an appropriate level of awareness of the sheer scale of the benefits, and actively sell this deal to the public and small businesses.

This debate will be a good opportunity to remind the Government of the important role they will have to play in making the deal happen, and of the overall urgency involved.”

Speakers in the debate

Other Members of the House of Lords due to speak in the debate include:

Further information

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Publications

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    Glossary

    • Reports and associated evidence - reports and evidence featuring written submissions and corrected oral evidence published at the conclusion of Committee inquiries. Evidence is periodically updated over the course of an inquiry and is not finalised until the relevant Report is published.
    • Uncorrected oral evidence - transcripts of oral evidence not yet approved by the Committee or witnesses.
    • Other oral evidence - corrected transcripts of oral evidence, usually taken for scrutiny purposes or for ad hoc/regular evidence sessions with Ministers.
    • Evidence - written submissions and corrected oral evidence published for scrutiny purposes or for ad hoc/regular evidence sessions with Ministers.
    • Responses to Reports - Government Department and European Commission responses to reports.
    • Call for Evidence - request to submit evidence to a Committee inquiry.
    • Correspondence - correspondence received and sent by the Committee excluding ministerial correspondence.
    • Correspondence with Ministers - Ministerial correspondence received and sent by the Committee.
    • Progress of Scrutiny - records the decisions taken by the EU Committee on European documents that have been deposited in Parliament for scrutiny.

Related information

Members' interests

The Members of the Sub-Committee have declared the following interests in relation to their inquiry into the Transatlantic Trade and Investment Partnership: