(4) The Transatlantic Tradeand Investment Partnership(TTIP) is a proposed free tradeagreement between the EuropeanUnion and the UnitedStates, with the aim of promotingmultilateral economicgrowth. The United Statesand European Union togetherrepresent 60% of globalGDP, 33% of world trade ingoods and 42% of world tradein services.