Oireachtas Joint and Select Committees

Tuesday, 26 January 2016

Joint Oireachtas Committee on Jobs, Enterprise and Innovation

Transatlantic Trade and Investment Partnership: Discussion

1:30 pm

Ms Darina Allen:

There were many points. Jobs growth was one of the big arguments made for TTIP. At this stage, the movement with concerns about TTIP has demonstrated successfully that the economic model used to calculate job growth from TTIP is based on a series of impractical assumptions. An example is that a person who loses his or her job in the beef industry or beef farming in Ireland would at no cost and overnight move to a job at a chemical plant in Germany. The Commission's independent research indicates a best case scenario of a 0.05% rise per year in economic growth after full TTIP implementation. That is negligible.

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