Tafta (Transatlantic Free Trade Agreement)

The Transatlantic Free Trade Agreement (TAFTA) was a proposed trade deal aimed at boosting economic ties and reducing barriers between the European Union and the United States. It sought to facilitate easier trade by lowering tariffs, harmonizing regulations, and promoting investment across the Atlantic. While intended to increase economic growth and job creation, negotiations faced challenges including concerns over regulatory standards, consumer protections, and sovereignty. The agreement was never finalized and remains a topic of debate, but its core goal was to create a large, integrated market enhancing cooperation and competitiveness between the worlds' two largest economies.