Liberalization of trading in insurance services between the US and the EU

Olga Anatolyevna Kozlova and Denis Andreevich Strokatov
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Olga Anatolyevna Kozlova: Moscow State Institute of International Relations MFA Russia
Denis Andreevich Strokatov: Moscow State Institute of International Relations MFA Russia

Russian Foreign Economic Journal, 2017, issue 12, 54-67

Abstract: The article deals with the progress of negotiations on the Transatlantic Trade and Investment Partnership and on the Trade in Services Agreement, the current status of mutual trade in US and EU insurance services, the expectations of both parties from the agreements and the possible consequences of their signing. Possible ways to liberalize trade in insurance services are shown.The assessment of possible consequences is carried out on the basis of the analysis of the results of econometric models devoted to the abolition of tariff and non-tariff barriers in trade between the US and the EU. The reasons for the interest of the European side in these agreements and their rejection by the other party have been identified.

Keywords: Transatlantic Trade and Investment Partnership (TTIP); Trade in Services Agreement (TiSA); insurance market; preferential trade agreement; foreign trade; tariff and nontariff barriers. (search for similar items in EconPapers)
Date: 2017
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