"If the TTIP deal is reached, it will really be a new era in the way to conduct foreign trade. It will indeed affect everybody," Zasypkin said.
The senior diplomat noted that the European Union is one of Russia’s key partners.
"If the bloc starts to adjust its rules, procedures and everything else to have the same conditions as the United States, it will have an effect one way or another. But as of now, they are difficult to assess," Zasypkin stated.
Supporters of the agreement emphasize that it would create jobs and increase economic growth. Opponents warn that only big corporations would benefit from the agreement to the detriment of ordinary people.
The agreement aims to deregulate trade between the United States and the European Union, which together comprise 60 percent of global production.
