there are tons of reasons for ttip to fail. but my view is that ttip cannot fail.it would be a strategic disaster for the u.s. and europe if they fail to reach this agreement. and because this is recognized by leadership on both sides of the atlantic we will reach a conclusion on the agreement. we do face a very serious uphill battle in europe about certain views on the arrangement. but as i talk about in this i think those are, in fact, part of the strategic battles that are being waged in europe right now. when ttip was launched it was seen primarily in terms of jobs and growth in fact some of us have been advocating for kind of but it would be called not ttip at the jobs and growth pact. but at that time the european economy was really struggling, and although the us economy was getting better we were heading into, we were looking at recent elections and the obama administration certainly wanted more, more growth over here. but from the very beginning it was clear that ttip was going to be strategical accord. the first reason is just simply its size. we've heard

first, it's actually to put ttip in a bit of a context. in my view ttip is often oversold. it's often very, very large arguments and you're mixing apples and oranges. i'm a little bit more on the frederick -- if you remember from the first panel, that is a very important fta, it's very important for the participants, it's very important for the world because the participants are so incredibly important for the global economy. but in the end it's an fta. and there are a lot of ftas out there, so when you describe the effect of ttip you also have to take into account the fact that we're not starting fr inin inin. it's not in a vacuum. first point. when it comes to the effect of ttip on the countries and the global trading system and i would like to distinguish that from the multilateral trading system meaning wto, if you start with the effects on third countries at least from my point of view i have to differentiate between tariffs and the regulatory agenda. if i start with the tariffs part which unfortunately often overlooked, if this is aserious free trade agreement with su

and so given that, what is ttip?i think the negotiations have been organized into three areas, three broad areas. market access for goods and services, that's tariffs and rules of origin, regulatory issues and procedures and the rules concerning investment, intellectual property, labor, the environment and what we might call new issues such as state-owned enterprises and regulatory coherence. but the one thing to remember about ttip is that both the u.s. and the e.u. have been using regional free trade agreements or regional trade agreements as susan said this morning to introduce new issues. it's put -- and now they've pushed themselves into these precedent-setting regional trade agreements. now they've got an opportunity to pursue a similar agreement transatlanticly. so the u.s. tends to use the model of the korea trade agreement. the e.u. is model with the the african caribbean pacific is very, very different. it's revising its first generation agreement with mexico, and it has some stronger wto-plus commitments t

ttip will extend it in some ways. the problem that i want to look at, how do we move to multilateralize the results of ttip? ttip is at a very important juncture because something around the corner is waiting to happen with ftpa with china and u.s. both involved in it. one is that there are certain developments which will be negotiated like privacy, investment, competition, policy, transparency, mechanisms by virtue of the fact they're negotiated between the u.s. and e.u., the rest of the world will have to look at them the kind of disciplines to follow. another is the framework which will come up. and they can be in regulatory initiative as well as sme platform. today sme and jobs is a very major issue in every economy. and we need to have some special efforts to deal with them. so this is going to be the normal process. we need to add to that, the negotiators have to keep in mind the fact that. they have to come up with the system that is inclusive rather than fragmenting or exclusion sorry. mutual recognition, conf

but this again relates to the whole debate we have about ttip that were having trouble selling ttip on basis of how much it will generate, how much income will generate. so we are tempted to use these more geopolitical arguments, china arguments in a way to sell ttip. >> this issue is very prominent i don't think we will result if you do if you want resolution go to our website at cato and you will be convinced. i want to bring us out of the we can talk with some of the other issues. we are not going to get everything i hoped we would, but to me these agreements, i find these negotiations can i find the european decoration is to be at my side because they're trying to open up my market. they want to get out our government. they want jones act reform, financial services reform. these are things that are important to u.s. consumers and businesses. and so what are your thoughts? what are your thoughts, phil, about some movement in those areas? is the u.s. going to agree to some reforms on jones act, on government procurement, financial services told off the table? what should we expect an

i wonder what donald trump look make of ttip. if ttp is a disaster, what would he make of ttip? i came up with some fun quotes, sort of imagining him speaking. then i switched off and moved on to something else. there is potential risk of air. i think 2017 is the more in terms ofar the political timeline. this gets into why i don't think this will get done in the obama administration. i think that has more to do with european politics. rather than here domestically. there are three monumental votes and europe in 2017. that is the german election, the national election, the french-presidential election. equally importantly, the u.k. referendum on whether or not to be, to remain in the eu. in each of those elections i would expect ttip will be an issue that will be vigorously debated. 150,000-200,000 people on the streets of berlin protesting against ttip. that tells you they are certainly many whose feel strongly about this in germany. angela merkel has been treading carefully. 3ross europe, there are now million signatures against ttip. that is starting to become a big number. i

, our policymakers are trying to sell ttip. right? we need this in order to set the global standard. with regard to isds and ttip, a lot of attention is on china. right? we need isds because we are negotiating these two treaties, the u.s. and the eu with china. but we are forgetting that china's doing this since the late is t late 1990s with. they include isds in their treaties. they are interested in having these things in their treys. china just recently concluded a treaty with australia with isds. you may know australia is one of those companies that excluded isds from a treaty with the u.s. so i think this precedence argument is a weak argument but this then relates to the whole debate about ttip. we are having trouble selling ttip on the basis of how much exports will it generate, how much income will it generate. so we are tempted to use these more geopolitical arguments. china bashing arguments, in a way, to sell ttip. >> well, this issue is very prominent. i don't think we'll resolve it here. if you want resolution, go

people have talked about ttip, i think there are two lines that really come to mind with ttip. one was the let's get this done on a single tank of gas. that has gone away. the argument now perhaps with an electric car instead of a gas guzzler. after vw, certainly not a diesel. i think they were making this point a year ago, there was an early harvest deal to have. and the regulation should be viewed as a longer term project. i think there's -- when i talk or listen or ask questions on regulation, it is still striking to me how much the question of regulation on things like food and auto safety and so on is kind of a mars and venus thing. i'm not sure you solve that in a trade agreement immediately. i think the acceleration point, right now, next week, we'll see an exchange of tariff offers, the first one didn't go so well. they first agreed to set a 97% threshold. so turn this into a negotiation over the remaining 3% of sensitive tariff lines. so if you're going to go in a closing mode in 2016 you need to meet more quickly than they plan to at this point. to tariff offers next

in ttip unit the hard one shot off the back.'s no pc, maybe that's why we are in the mid-game because there was no beginning. you get right to the difficult issues. yes, it would be great to tackle these things. there are entrenched political interests are behind them. it's why we have acted on these things. and you have a question which is either you sort of summon the political will to overcome those which would be remarkable if they do, or well, you come up with something that is much more modest than he first intended and declare victory, or you walk away. i think those of the difficult choices for the ttip spent does anybody else have any thoughts? >> i think the reason why some of these have stuck around as you said, you really wanted to intractable. in some sense there's a reason for that and maybe it's not necessary a bad thing. the other option is to have absolutely no regulation at the extreme so that there's no conflict over what that regulation is, and anything goes. if that's not what we're trying to set up, a sort

as i said, i think we will need to find ways to keep ptas, including ttip, in check. make sure that they are transparent to third parties, including developing countries. and at the same time find ways to update this wto which is really a little bit frozen in time. perspective is that we need to stop looking at it as a fight between the wto and ptas . this clearly has to become a division of labor. i was talking to an ambassador from a developing country who like the trade facilitation agreement that the u.s. is so vulnerable. there might be something wrong about it. i think you need to have an agreement that actually benefits both sides. mentioned by several people this morning, in the wto we used to work with hard law, treaties enacted with the settlement links as gary was mentioning. i see ttip as a long-term process, and as much as i am a lawyer and i like litigation i think we will have to have soft there to move- in this forward. two very brief points on legal issues. what i am worried about is double ptas. tcp is not precluded you have nasa. the legal issues of

question of whether ttip can pass.o there isn't all that much room for error. if i look at these things historically, my read is that the gio political importance of an agreement like ttp or ttip, if it's concluded is so enormous that even some of those who are skeptical in congress are inclined to support it because saying now at that stage is such a blow to an important ally. t tip to the european nations that are the closest american allies. i should throw in canada and mexico, so at the end of the day, congress will support this, but the timing is really difficult. the obama administration would like to do this in the spring. if we're still in a situation in the spring where donald trump has done well in the first couple of primaries, obviously secretary clinton is now come out against tpp. rather awkwardly, i think, given her historic position on this. but she has and so, that's going to make it harder for some democrats. i think there's the possibility of the election year pushing all of this back even farther. t

we've said all along we will not negotiate protection rules as such in ttip and still, ttip is seen as this trojan horse that will bring all these bad things for the u.s. i'm sure we can do more. commissioner has doing much more. we'll keep on doing more, there will be a limit to what with we can do as long as negotiations haven't progressed out. you can sell a concept. aim to do this and not do this, but for the rest, giver us a bit of time and we need to work on the negotiation, get them done and then sell them. i want you to agree on some things, then i'll know to what exek tent you can support. also important to remember that ttip was launched in a period where there was stronger trade position than there is today. european commission was a former president of the european commission was very forceful in pursuing a trade agenda. it's part of an agenda. it's not a single project. ind india in the soil countries. you crane. african countries, we're very am birth certificate trade policy agenda across the world and probably launched negotiations with australia and new zealand, with me

controversially, say campaigners ttip is being negotiated in secret. a trojan horse being driven into the heart of our economy and our lives. no one knows what's inside. jonah hull, al jazeera, berlin. >>> harari international street carnival is aimed at promoting tourism and cultural exchange. haru mutasa is there. >> welcome to the harari international street carnival. to show dma zimbabwe. people from all over the world, this particular group is from india, they show zimbabwens how they do things. they're from sowrveg. south africa. >> we need people to be happy. we need people you know to forget about the problems we are facing as a country. >> reporter: some people are getting a little bit out of hand. as you can see the riot police trying to keep them back. people are excited. they say they're trying to have fun at the street carnival but some of them are getting out of hand, but on the whole people say they're really happy about this carnival to celebrate something good for a change. >> finally, the skies of the u.s. state of new mexico were a f

we have said all along we would not negotiate data protection rules as such in ttip. and still it's seen as this trojan horse that will bring all these bad things from the u.s. there's an effort to be made. i'm sure we can do more. as been doing much more than previous commissioners on transparency and communication. and we will keep on doing more. there will be a limit on what we can do as long as the negotiations haven't progressed enough as one of the fficulties we are confronted with of course is that as long as there is no negotiation while you can sell anything, you can say we aim to do this and we will not do that but for the rest give us a bit of time, and we need to work on the negotiation get them done and then we will be able to sell hem. also important to remember that t tip was launched in a period where i think there was much stronger support for the trade position in europe than there is today. all the european commission was a former commission was very forcele in ensuing a trade agenda going -- t tip is part of an agenda. it's not a single project for

. >> when it's concluded possibly next year, ttip, as it is known will create the world's largest freerade zone, a market of 800 million people that could add $100,000,000,000 a year to economic output on both sides of the atlantic. until practice, it could affect everything from jobs to your income, healthcare, to the food you eat, and there are many critics. >>> i am not sure if it will happen all that weekly but my urgent advice to everybody who wants rules for globalization is you can't be nervous when it comes to negotable toing with the motherland of globalization. as a european, you must consciously engage with this issue. >> we hear that the social standards, especially the standards for workers, will decrease. >> undermining our democracy and giving more power to big companies. >> you don't remember you don't believe what the government tells you? is the government telling you anything? >> they don't tell us enough and everything we have seen that has been leaked, it's looking bad. >> they argue in seeking parity between the eu and the u.s., all that will be achieved is medioc

ttip. and as an important issue on the eu. u.s. agenda. and we have ongoing negotiations on this partnership. this straight agreement will really only stimulate economies, but both sides of the atlantic, but also strengthen our geopolitical partnership and strategic partnership. oecd continuing about economics, i would like to note that latvia is a growing economy which welcomes the u.s. businesses and we have everything what the u.s. business needs. for instance, we have one of the fastest internet in the world. an open business environment, developed tax policy, railroad infrastructure, and imports. we consider oecd membership and the succession process to the oecd is an opportunity for continuing and introducing forms and best practices, implementing social and economic policies, improving services to all our citizens. and hopefully, we will finish our technical discussions by the end of 2015 and join oecd in 2016. i would like to mention also energy policy and energy policy is of high significance on the latvia and transatlantic agenda

negotiated at the highest levels that aims to harm nuys -- when it's concluded possibly next year, ttip as it's known will create the world's largest free trade zone that could add $100 billion a year to economic output on both sides of the atlantic. in practice, it could affect everything from jobs, to income, to healthcare, to the food you eat. and there are many critics. >> i'm not sure if it will happen all that quickly that my urgent advice to everybody who wants rules to globalization, you can't be nervous when it comes to negotiating. as a european, you must consciously engage with this issue. >> we fear that the social standards, especially the standards for workers will decrease. >> it's under mining our democracy and giving more power to big companies. >>reporter: you don't believe what the government is telling you or they don't tell you anything? >> they don't tell us nothing. >>reporter: they argue that in seeking parity between the eu and the u.s., all that will be achieved is immediate i don't carety * the winners they say are big business and the banks. and that's not al

trade representative's office noted they were coming out again and they would be meeting on the ttip. more work to do. part of the recent was the focus from the united states almost entirely was on the pacific rim trade pact over the last couple years. this was kind of in the backseat. it i do think the focus will shift to this in a big way. i do not think when you talk to the administration officials, there is a lot of confidence this will get done in 15 month. there is going to be a lot of effort expended on capitol hill in the u.s. to mystically to pass trade, the pacific -- domestically to pass the pacific trade agreement. they want to lay the groundwork so the next administration can get this done and a quick fashion. tom: you see it with secretary cleanse comments. clearly political -- with secretary clinton's comments. vonnie: today we learn more details on how hillary clinton is going to come out chastising wall street, and her advisor is barney frank. phil: gary gensler, the former chairman of cftc is one of the senior people involved in this plan. according to the hillary cl

fourth, i already mentioned the ttip. another important issue on the eu/u.s. we have partnership, the agreement rea,kpzÑ will totally stimulate economies on both sides of the atlantic, but also strengthen our geostrategic partnership. i would like to note thatol&s a is a growing economy which and we we have everything that the u.s. businessnrb9y needs, f instance we have one of the fastest internet in the world. we have an open business environment, develop technology policy, railroad infrastructure and ports. we consider that oecd member and the accession process to the oecd is an opportunity for continuing and improving our practices, improving services to our citizens. and hopefully we will finish our technical discussions by the end of 2015 and join oecd in 2016. i would like to mention also energy policy. energy policy is of high significance on the latvia and transatlantic agenda. we believe it has an essential role in foreign policy, taking into account the close links between energy policy and geopolitics. the new eu energy union calls for increased c

happy happy tip ice creamy creamy cream tip it up tip it up you gave a ttip ice ice ice cream creah cream you gave gave gave a tip tip tip thank you [ cheers and applause ] >> jimmy: you're welcome. you' yre welcome. say, what good is ice cream if you can't share it with a a friend? shall we? >> let's. let's. [ laughter ] >> jimmy: you're the best. you're the best. that's so good. up top? >> up top. [ cheers and applause ] [ laughter ] >> jimmy: now that i see it again, i guess you're right. they do look pretty real. >> yep. [ laughter ] >> jimmy: i'm sorry. you were right the whole time. >> yep. [ laughter ] >> jimmy: sandra bullock, everybody. "our brand is crisis." "our brand is crisis" opens friday. we'll be right back with rod stewart. [ cheers and applause ] when it's your job to protect the world's greatest nation, it's your responsibility to solve the world's greatest challenges. this is why we search for the best and brightest. why we train for every eventuality on land and water, in the air, space and even cyberspace. we operate in a complex world with one simple mission. hey. w

english-speaking ally in europe, and that could give them greater access to trans-atlantic deals, the ttip is called. they also like britain's etiquette they have called it. the way britain has dealt with cyber attacks, human rights abuses. they have been talking about them behind closed doors, rather than bringing them up in public like the u.s. us has sended to do. but britain is looking for cash, china, looking for, i guess a friend in the west. >> charlie thank you very much for the moment. live from there -- there from london on the chinese president's visit to the u.k. ♪ >>> now japan's health minister says a former worker at the fukushima nuclear plant has been diagnosed with radiation-linked cancer. he is believed to be the first worker to get a cancer-related illness linked to the disaster. the facility was shut down after being severely damaged from the 2011 earthquake and tsunami. >>> families from north and south korea have met during a rare reunion at a mountain resort in north korea, divided by the korean war, the relatives have not seen each other for more than 60 years. har

critics say the transatlantic trade and investment partnership, or ttip, will undermine safety and environmental regulations to serve corporate interests -- just like the tpp. the people's world conference on climate change and the defense of life has opened in bolivia, ahead of the united nations climate summit in paris, which begins november 30. bolivian president evo morales said the impact of climate change is being felt around the world. as governments, we have a responsibility to submit a document to the united nations called the national predetermined contribution from the multinational state of olivia, a document prepared by bolivia to take care of the mother earth, because what is happening to the planet is very serious. sometimes with drought, other times extreme cold. this year in the positive mother were times when we cannot tell if it was summer or winter. because it snowed all year long. this is happening all over the world. talks, expertshe say the pledges made by countries around the world to cut carbon emissions will fall far short of what is needed to stop the earth from exceed

whole industry and reflects on european industry throughout the world and across the atlantic in the ttipotiations. that said we have to prevent his fraud scandal from spreading. it wouldn't be a good idea to predict the end of diesel engines. there are farmers who use diesel vehicles, it would be a mistake here and now to condemn diesel and the car industry that uses deseal. madam commissioner, you made certain proposals and of course are awaiting the tests as quick as possible under real driving conditions. i'm also wondering about how realistic our environmental legislation is. are we not sometimes too ambitious? yes, certainly, when we're talking about air quality and health. we need to be ambitious. but we also need to be pragmatic. but let me conclude, our major industrial companies have to play the game of transparency and respect the rules if people are going to continue to trust them. thank you. thank you very much indeed. >> criminal behavior from any company at all, no matter the size is absolutely intolerable in the european union. not only it breaks the public's trust, it und

the negotiations around ttip aren't quite as advanced, but if there is an opportunity for us based on our consultations with friends in europe to reach an agreement that would have the same kind of economic potential for american businesses and american worker, then we wouldn't hesitate to pr sue it. but there is more work to be done on that before we'll reach completion. alexis, the last one. >> i just wanted to qualify -- in what way would the president reevaluate the assignment, the task and advantages that the vice president would have if he seeks to run for the presidency? >> well, obviously the vice president if he were to makt decision to enter the race would be confronted with the challenge of balancing the responsibilities that come with running a national campaign with the responsibilities that come with serving as vice president of the united states. so i would basically at this point about how he would do that or if any changes would be necessary. but vice president biden is certainly somebody who has demonstrated a willingness to%n. but vice president biden is certainly s