This is a press release submitted to the Las Vegas Sun. It has not been verified or edited by the Sun.
Government Shutdown postpones agreement that could mean over 9,000 jobs for Nevada
Published on Tue, Oct 8, 2013 (2:01 p.m.)An ambitious Transatlantic Trade and Investment Partnership (TTIP) currently under negotiation could provide hundreds of thousands of American jobs, benefiting every US state, according to "TTIP and the Fifty States: Jobs and Growth from Coast to Coast", a study commissioned by the Bertelsmann Foundation, the Atlantic Council and the British Embassy in Washington. Such a pact would also increase exports to the European Union (EU) for each state and industrial sector.
This study concludes that an ambitious agreement—one that eliminates trans-Atlantic tariffs, reduces costs of non-tariff regulatory barriers by 25 percent and cuts public-procurement barriers by 50 percent—could lead, when fully implemented, to more than 740,000 TTIP-related US jobs.
The study estimates that 9,400 new jobs would be TTIP-related in Nevada. The majority of these would be in the services sector. The study also estimates an increase of 14 percent in exports from Nevada to the EU. In 2012 Nevada exported 688 million dollars worth in 2012 and 2.4 billion in services in 2011.
TTIP negotiations between the US and the EU began in July. A second round of talks was slated for October but were canceled due to the government shutdown. For such an ambitious agreement, this is problematic, particularly since both sides would like to see a conclusion by 2014 and no later than 2016.
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