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Table 3. 
Macroeconomic effects of TTIP
Limited agreementComprehensive agreement
TariffsServicesProcurementLessMore
onlyonlyonlyambitiousambitious
(Million euros)      
Change in GDP:      
EU 23,753 5,298 6,367 68,274 119,212 
U.S. 9,447 7,356 1,875 49,543 94,904 
Bilateral exports, fob      
EU to U.S. 43,840 4,591 6,997 107,811 186,965 
U.S. to EU 53,777 2,859 3,411 100,909 159,098 
Total exports fob      
Extra-EU 43,740 5,777 7,136 125,232 219,970 
U.S. 57,330 5,488 5,942 142,071 239,543 
Limited agreementComprehensive agreement
TariffsServicesProcurementLessMore
onlyonlyonlyambitiousambitious
(Million euros)      
Change in GDP:      
EU 23,753 5,298 6,367 68,274 119,212 
U.S. 9,447 7,356 1,875 49,543 94,904 
Bilateral exports, fob      
EU to U.S. 43,840 4,591 6,997 107,811 186,965 
U.S. to EU 53,777 2,859 3,411 100,909 159,098 
Total exports fob      
Extra-EU 43,740 5,777 7,136 125,232 219,970 
U.S. 57,330 5,488 5,942 142,071 239,543 

Source: CEPR 2013.

Note: Estimates to be interpreted as changes relative to a projected 2027 global economy.

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