Bernard Durkan (Kildare North, Fine Gael) | Oireachtas source

I welcome our guests. Regarding trade between Europe and the United States, will the benefits that accrue from cost reductions contribute to growth? Notwithstanding the reservations of Dr. Raza, what will TTIP deliver? Dr. Raza suggested certain things cannot happen because they will not improve growth, but this again raises the question of whether a reduction in costs could be an incentive to generate growth. The removal of barriers to trade will allow direct access, smoother operations and a reduction in bureaucracy. Some people say bureaucracy and others refer to red tape, but surely cost reductions mean growth can improve.