The TAFTA is not a smart opportunity for the European Union. The so-called Trans-Atlantic Free-Trade Agreement (TAFTA) is a free-trade deal in negotiation between the countries of the European Union and the United States of America ; its main goal is to emphasize business between the both parties by making their norms more uniform and deleting any tax fence between their intern markets, the two biggest in the world following their GEP’s ; in a few words, the agreement should build an gigantic single market. But this negotiation between Brussels and Washington may have deep consequences on the european common market and may extinguishe the european ideal for a long-term.
First of all, the european idea is more than just a free-trade issue ; the construction is also about common policies and institutions, with technologic, diplomatic, security and even social and cultural sides. The common market is one of those ‘concrete actions’ according to Jean Monnet, one of the father of Europe, which allows the abstracted European idea to be continued.Europe and America have not at all the same view on the society. On the issue of norms, Europe is more in an avant-garde spirit than America on numerous issues, including organic farming, pollution from cars or even with fracking gaz ban. However, one of the key points of the agreement is the introduction of the standardization of norms ; here, the harmonization should be achieved by an alignement towards the lowest norms in force in both parties. But we noticed earlier the market deregulation is more important in the United States of America than in the European Union.
Moreover, it may induce a positive supply shock for American corporations which already have the suitable economic structure. Those companies will be in a station of strength to compete with european industries which will need adapt their structures in accordance with the theory of the creative destruction conceived by American economist Joseph Schumpeter. And we can even discuss if it is a desirable option because an intensified production may causes dramatic environmental issues as it is already underway in some european States ; expansive farming caused pollution in Southern Spain and in Western France with, per example, non-potable water in Catalonia and the spreading of toxic algues in Bretagne.
Finally, those points are just an overview of a more general issues. But it is enough to see how this agreement may change our production modes. The European Union is mainly based on the capacity of thesingle market to gives jobs and generates activities. Its fragilisation may have deep consequences on a project already unsettled by a lack of political consensus.
By : Paul REÏSSI, M00602378, Exchange student