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Transatlantic Proj- Role of TAFTA/TTIP on Chemicals Industry

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Transatlantic Proj- Role of TAFTA/TTIP on Chemicals Industry
Transatlantic Management Project
Berlin School of Economics and Law (HWR) & San Diego State
University (SDSU)
June, 2014

The Transatlantic Trade and Investment
Partnership (TTIP) and the Chemical Industry:
A Case Study of 3M and BASF

John Wood - HWR
Lars Scholtyssyk - HWR
Laura Ho - SDSU
Sarathy Kalaichelvan - HWR

Page 1 of 25

Contents
1. Dimensions of FTA between the EU and US: The Transatlantic Trade and
Investment Partnership (TTIP) .................................................................................. 3
1.1. Existing free trade agreements .................................................................... 3
1.2. TTIP Outcome – U.S. & E.U......................................................................... 5
1.3. Benefactors of TTIP ..................................................................................... 6
2.

Sector Analysis: TTIP and the Chemicals industry............................................. 7
2.1. The European Union: ‘No data, no market’ ................................................ 11
2.2. The United States: Reform underway ........................................................ 13
2.3. Global Regulatory Models .......................................................................... 14
2.3.1 Comparison: U.S. Regulation vs. E.U. Regulation .................................. 14
2.4. Conclusions: Uncertainties/Barriers to trade for Chemical companies ....... 15

3.

Recommendations from the Sector Analysis ................................................... 16

4.

Case Study ...................................................................................................... 17
4.1. Products ..................................................................................................... 18

5.

Innovation and Corporate Governance Styles ................................................. 20
5.1. Speed of technological and commercial innovation:
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