The impact of the proposed trade agreement between the EU and the US will be positive for all EU member states except Malta, according to a study revealed by Labour MEP Alfred Sant.
He said the study was carried out by the World Trade Institute and a number of universities commissioned by the American Chamber of Commerce in the EU.
Addressing the general meeting of the Labour Party’s Valletta section yesterday, Dr Sant said the study, published last week, looked at the impact that the Transatlantic Trade and Investment Partnership (TTIP) would have on EU member states.
“In Malta’s case, the authors of the study predict that there will be a decrease of 0.3 per cent of the Maltese economy as a result of TTIP, if it is concluded. Also, they predict that there will be a decline of 0.7 per cent in Malta’s investment,” said Dr Sant.
He said the matter deserved full debate and study in Malta. People needed to be aware of the stakes and of what a reasonable position on the matter could be that would enhance Malta’s interests.