The 27 governments of the European Union must unanimously approve the partnership in the Council of the European Union, in accordance with Articles 207 and 218 of the Treaty on the Functioning of the European Union, and the European Parliament is also invited to give its compliant opinion. The European Parliament has the power to approve or reject the agreement. In the event that the Council of the European Union, on the proposal of the European Commission, calls the TTIP a „mixed agreement“, the agreement of all parliaments of the EU Member States is required, in accordance with the various constitutional procedures, before the agreement enters into force. In the United States, both houses of Congress will have to pass the agreement before it can be ratified. [70] The content of draft treaties and reports on rounds of negotiations are classified by the public, an agreement that The Independent has criticized as „secret and undemocratic“. [16] As noted above, elected representatives can only consult the texts in a secure „reading room“ in Brussels, in order to avoid any new wave of information on the TTIP negotiations. „Europeans have reported a lack of interest in everything that is global in the trade area,“ said Bill Reinsch, senior advisor at the Center for Strategic and International Studies, in an interview. „They certainly intend to resolve open issues such as Airbus and the digital services tax, but do not seem enthusiastic about returning to something like the Transatlantic Trade and Investment Partnership. So if you`re not interested and Biden is busy, don`t expect much new. The United States and the European Union together account for 60% of global GDP, 33% of world trade in goods and 42% of world trade in services. There are a number of trade disputes between the two powers, but both depend on the economic market of the other, and disputes concern only 2% of total trade. A free trade area between the two countries would potentially be the largest regional free trade agreement in history and would cover 46% of global GDP.

[30] [31] „India cannot afford to have the Bombay Club that existed in the early 1990s, it is necessary to remain linked to other countries, including trade and economic cooperation,“ said Sanjaya Baru, economist and media advisor to former Prime Minister Manmohan Singh. The Bombay Club was made up of renowned Indian industrialists who, in 1993, supported the process of economic liberalization in order to create protection and measures for a level playing field. U.S. economist Dean Baker of the Center for Economic and Policy Research said the agreement would focus on unconventional barriers, such as national crash rules on hydraulic fracturing, GMOs and finance, as well as strengthening copyright laws.