TTIP Agreement and Its Impact on Estonian Companies

On October 16, over 80 participants gathered at the European Union House in Tallinn to participate in the Transatlantic Trade and Agreement (TTIP) conference “TTIP Agreement and Its Impact on European Companies”. 
We are glad that the event was actively attended by most of the Ministries, Universities, Embassies and businesses in Estonia.

Our first keynote speaker was Nele Eichhorn, member of the cabinet of Commissioner C. Malmström, European Commission, and addressed thetopic of Opportunities for Jobs and Growth. She explained the essence of the TTIP agreement, the current status of negotiations and what is going to change. For example, TTIP will fully uphold food safety standards and the way EU sets them!

The second keynote speaker was from the other side of the Atlantic – Thomas Reott, U.S. Mission to the European Union. He took the angle of TTIP’s impact on small and medium enterprises (SME’s). His message focused on the fact, that TTIP will mostly impact the SME’s as they comprise 99% of all companies on both sides of the Atlantic and once the Agreement has signed, a lot of the barriers will disappear and new opportunities will open for businesses of all sizes.

The Panel was represented by the academia, transport and ICT sectors. A well-known macroeconomist, University of Tartu Professor Urmas Varblane gave a thorough presentation on the geopolitical and macroeconomic impact of this agreement and an overall effect of the changing global power. He has also touched upon the effect of TPP that was just concluded in October 2015. Claudio Richardson from Kuehne & Nagel was pretty clear to say that the transport sector will not only benefit through the US-EU side but the results will be seen on the Asian markets as well. Carl Pucci from Datel introduced the participants to the new portal ‘Trade is Key’. This portal will in the future simplify and clarify many questions we currently have about the TTIP Agreement and, hopefully, it will be our guide to the US Market Access.

The event was co-hosted by the European Commission Representation in Estonia and moderated by AmCham President Andrus Alber.

Our sincere gratitude goes to our event partner – EC Representation in Estonia and the U.S. Embassy Tallinn.
Also, thank you to all the speakers and panelists for sharing your information and thoughts.

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Photos: Sergei Krasii, Fotki Inc. for AmCham Estonia (c)