By Julia K. Hughes & Christian Ewert

TPA, TPP, AGOA, and TESA are just a few of the trade policy acronyms we’ve heard on Capitol Hill lately, but this week, the trade community is focusing on yet another acronym that could have an enormous benefit for both companies and consumers: TTIP, or the Transatlantic Trade & Investment Partnership. 

Trade negotiators from the United States and European Union are currently meeting in New York City for the ninth round of TTIP negotiations in hopes of strengthening the important partnership between the United States and Europe, which already supports 13 million jobs on both sides of the Atlantic.

While the U.S.-EU relationship is already quite strong, many obstacles to trade remain in place.

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