Brexit Effect

TTIP’s Last Stand?

President Barack Obama and Britain's Prime Minister David Cameron wave from the steps of 10 Downing Street, London before a meeting Friday, April, 22, 2016. (AP Photo/Kirsty Wigglesworth)
Britain's Prime Minister David Cameron and U.S. President Barack Obama. Would a Brexit doom TTIP?
  • Why it matters

    Why it matters

    A British departure from the European Union would likely doom prospects for TTIP, the proposed trans-Atlantic trade pact with the United States that would create the world’s largest free-trade zone.

  • Facts

    Facts

    • Experts on both sides of the Atlantic agree that if Britain leaves the European Union, the proposed Transatlantic Trade and Partnership Pact with the United States is likely dead.
    • U.S. and E.U. governments have promised to deliver a trans-Atlantic free trade deal by the end of this year.
    • A British departure from the European Union would also complicate efforts to harmonize rules in E.U. capital markets, which is currently being led by Britain’s E.U. commissioner, Jonathan Hill.
  • Audio

    Audio

  • Pdf

Alexander Graf-Lambsdorff, a German politician, is a big fan of Britain and a big fan of the European Union’s proposed transatlantic trade deal with the United States. This week, he’s worried about losing both.

“The U.K. economy is the mother of liberalism. They are a wonderful country,” Mr. Lambsdorff, vice president of the European Parliament and a member of Free Democratic Party, said recently in Berlin. “As liberals, we want to keep them in the European Union.”

Mr. Lambsdorff has good reason to be worried about Britain’s E.U. referendum Thursday.

The departure of the bloc’s most avid free-market economy would remove Europe’s most vocal advocate for liberalizing trade and economic relations.

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