TTIP treaty could double Dutch US trade, says think-tank

us flagIf the planned TTIP trade treaty comes into force, it could double trade between the Netherlands and the US, according to calculations by the government’s CPB economic policy think tank.

In addition, the extra trade could boost GDP by a ‘positive but moderate’ 1.7% by 2030, the CPB said in its report.

The CPB says the positive impact on the Netherlands will be higher than for other EU countries because the Dutch economy is trade driven. One important aspect of the treaty is the removal of customs duties which will reduce the cost of imports and exports.

Talks on the treaty have so far been ongoing for over three years. Because the negotiations are continuing, the CBP looked at the likely impact of several different outcomes.

Read the report (English)

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