GLOBAL TRADE. THE KEY TO TRANSATLANTIC COMPETITIVENESS

Mădălina Laura Cuciurianu
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Mădălina Laura Cuciurianu: SOP HRD/159/1.5/133675 Project Romanian Academy, Iasi Branch

SEA - Practical Application of Science, 2015, issue 7, 203-206

Abstract: Global trade has an important characteristic in terms of open global markets by means of eliminating barriers to trade and investment. The United States and the European Union, two major international actors and competitors in the economic field, have both the opportunity to change the global trade by concluding the negotiations of the Transatlantic Trade and Investment Partnership. For this reason, this paper tries to find the connections between global trade and transatlantic competitiveness in the way that the global trade can be considered a key to transatlantic competitiveness. The United States and the European Union are global actors and competitors in the global economy and the play field is the global trade. In order to be aware of the importance ofglobal trade in the transatlantic competitiveness, this paper includes also an analysis of the concrete actions that both economic powers are taking in key-sectors of the transatlantic economy.

Keywords: Global trade; United States; European Union; Transatlantic competitiveness; Transatlantic Trade and Investment Partnership (search for similar items in EconPapers)
JEL-codes: F10 F50 F60 (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:cmj:seapas:y:2015:i:7:p:203-206

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