Its front pain daily basically all european papers and the equivalent in social media. Its a huge debate and many people are very concerned about it. The debate has shown that people are concerned about theth what shay see as possible impacts. Public services, regulatory, investment arbitration environment, et cetera. Men of those fears north justified aft all by facts bit they show that people feel distanced from politics, from trade policymaking, they want to be involved and this is something we need to address. So our challenge is to provide a broad response to this and other challenges. And we are doing that by asking questions about four groups of issues. First, how do we find a way to seek broader engagement and broader trust from the public . This has bun one of my priorities so far. We have put basically all documents on the european side online so that everybody can see what we are negotiating and what we north negotiating. So were looking at now how we can be more transparent
Information. Well, this is indeed very important part of the negotiations because that da flows across the atlantic every second, and we continue to do so. So its important we facilitate trading data and data flows in companies. This is the future in many ways and we will be discussing this in the ttip negotiations as well. When it becomes difficult is when we talk about personal data and how it is used, and thats we have so far that the Data Protection regime of europe is nose going to be negotiated with ttip. Were operating our rules. We also have the safe harbor, as i understand this is about to be very soon and i welcome that. And we are also negotiating that my colleague who is responsible for justice and the issue of an umbrella agreement between the u. S. And eu. Why that is not part of ttip it would be very beneficial to set the standard and the umbrella conditions there. So we will find a way to facilitate and is treated in accordance with u. S. The president has been very act
Services generated as a result. We support 400,000 jobs directly across the country in all 50 states on basis of the grants given out. Those are high quality jobs. You asked about global competitiveness. We were the up question leader of the world in the research until recently. Thats not longer to be taken for granted. When you see our losing ground, and we see countries like china, india india, singapore, and south korea upping their investments sometimes in double digits, we are losing that. Quick question on that. When they make increases in investments, do they have an eye on us as a target to beat us . You bet they do. Or doing it in a regime way . Its a little of both. They read our playbook from 20 years ago, and they saw what it did for americas economy and for the spinning off of Small Businesses that come out of this effort, and they want to do what we did, and so i dont know if youd say they are gunning for us, but they are basically trying to learn from our experience and
Back on track on its funding . Well, first, let me say we were thrilled, also to see whats in the 211st century cure, its the 2 billion a year of mandatory, gave a great jolt of excitement and some relief to a community thats. Really quite stressed over the last 12 years as we lost ground but to get back on a stable trajectory that would result in a healthy Biomedical Research ecosystem, which our country depended on with Great Success over 50 years, i estimate in my professional judgment, we need to be in the space of inflation plus 4 or 5 a year. Thats pretty much that dotted line plus inflation plus 3. 7 i guess, a healthy way to make sure all the talent and capabilities of this country in terms of Biomedical Research, where we led the world for decades, would be sustained, encouraged, and innovation going forth in the ways we want it to. Thank you, dr. Collins. it 2 billion a year for five years is better than nothing, but not pretend that a small temporary investment billions of d
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