TRANSATLANTIC TRADE AND INVESTMENT PARTNERSHIP: THE ROLE OF NON-TARIFF BARRIERS TO TRADE

Ionela Bălţătescu and Simona Moagar Poladian

Impact of Socio-economic and Technological Transformations at National, European and International Level (ISETT), 2015, vol. 10

Abstract: The main purpose of the present article is to critically assess, taking into account the presuppositions regarding the non-tariff barrier to trade, the findings of some well-known studies thathave evaluated the economic impact of Transatlantic Trade and Investment Partnership (TTIP). Thestudies considered are from: CEPR (2013), Ecorys (2009), CEPII (2013), Bertelsmann (2013). Anotherstudy taken into account in our analysis, assessing the impact of TTIP on Romania’s economy is realizedby Cernat & Lakatos (2015). According to these studies, the estimated gains from TTIP dependsignificantly on non-tariff barrier to trade reduction. The analysis of non-tariff measures in USA and EUin merchandise trade revealed that the non-tariff measures initiated exceeds the non-tariff measures inforce. This means that there is a very high probability of increasing non-tariff barrier to trade in both EUand USA. Also, the non-governmental organizations’ lobby, especially in EU, is in favor of the inclusionof stricter standards of quality (non-tariff measures) in the bilateral trade agreement between USA andEU. On this basis, we concluded that if the trend of increasing non-tariff barrier to trade will not bereversed, the estimated gains from TTIP will be significantly smaller.

Keywords: Transatlantic Trade and Investment Partnership (TTIP); non-tariff barrier to trade; economic gains of TTIP (search for similar items in EconPapers)
Date: 2015
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.iem.ro/rem/index.php/itset/article/view/231/307 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:iem:imptrs:v:10:y:2015:id:2822000009590007

Access Statistics for this article

Impact of Socio-economic and Technological Transformations at National, European and International Level (ISETT) is currently edited by Simona Moagar Poladian, PhD

More articles in Impact of Socio-economic and Technological Transformations at National, European and International Level (ISETT) from Institute for World Economy, Romanian Academy Contact information at EDIRC.
Bibliographic data for series maintained by Ionela Baltatescu ( this e-mail address is bad, please contact ).