The document discusses the Transatlantic Trade and Investment Partnership (TTIP) being negotiated between the US and EU. The TTIP aims to eliminate tariffs and non-tariff barriers to boost trade between the two economic powers that make up half the world's GDP. It would create a free trade zone and increase regulatory compatibility, potentially providing an economic stimulus. However, challenges remain regarding political will and certain sectors. Negotiations are expected to continue through 2014 with the goal of finalizing an agreement.