Trade Talks Deal Could Double German Exports to US

The EU and the US are set to start negotiations on a trans-Atlantic free trade agreement in July. A deal could have huge benefits for Germany and the rest of the EU. But there would also be losers according to a new study.

Free Trade between EU and US -- Winners and Losers Long-term change in per capita income (in %)

Largest income winners Largest income losers
US + 13.4 Lebanon - 3.4
Great Britain + 9.7 Algeria - 3.5
Sweden + 7.3 Switzerland - 3.8
Ireland + 6.9 New Zealand - 3.8
Spain + 6.6 Norway - 3.9
Finland + 6.2 Iceland - 3.9
Malta + 6.2 Niger - 4.0
Estonia + 5.7 Malawi - 4.0
Latvia + 5.4 Botswana - 4.1
Denmark + 5.3 Panama - 4.2
Greece + 5.1 El Salvador - 4.4
Lithuania + 5.1 Guatemala - 4.4
Cyprus + 5.0 Honduras - 4.4
Portugal + 5.0 Barbados - 4.5
Italy + 4.9 Jamaica - 4.7
Bulgaria + 4.8 St. Lucia - 4.8
Germany + 4.7 Costa Rica - 5.5
Romania + 4.6 Israel - 5.5
Hungary + 4.4 Jordan - 5.5
Netherlands + 4.4 Chile - 5.6
Slovakia + 4.2 Japan - 5.9
Poland + 3.7 Belize - 6.0
Belgium + 3.6 Mexico - 7.2
Slovenia + 3.3 Australia - 7.4
Luxembourg + 3.0 Canada - 9.5
Source: Center for Economic Studies | Bertelsmann Foundation