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World Trade Institute publishes updated results for Malta in TTIP study
The World Trade Institute (WTI), authors of the study “TTIP and the EU Member States (2016),” has published updated country-specific results of the impact of an ambitious TTIP on the Maltese economy. Utilising the latest economic data for Malta from 2015, the new findings conclude that TTIP could lead to a marginal increase in GDP and investment in the country.
In the original findings, the authors found that TTIP could lead to a marginal decrease in GDP of around -0.3 percent. Investment was also projected to decrease slightly. These findings were based upon economic data for the Maltese economy from 2011. The decreases in the original findings were driven in particular by a decline in the electrical machinery sector in Malta from TTIP. However, the authors found that the importance of this sector relevant to the Maltese economy has declined in recent years. This shift in the Maltese economy leads to changes in the results for the Maltese economy from a comprehensive TTIP agreement, notably an increase in GDP of approximately 0.2 percent, and an increase in investment of around 0.51 percent. Wage- and consumer price effects remain the same.
You can read the results in more detail in the policy brief prepared by WTI here.