Prospects for the EU-US Trade Relations in the Light of the TTIP

Ružeková Viera ()
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Ružeková Viera: Assoc. Prof. Ing. Viera Ružeková, PhD.; University of Economics in Bratislave, Faculty of Commerce, Department of International Trade, Dolnozemská cesta 1, 852 35 Bratislava

Studia Commercialia Bratislavensia, 2016, vol. 9, issue 34, 211-221

Abstract: To success on international markets, individual economies are trying to take measures to increase their efficiency, flexibility and competitiveness. There is a liberalization of tariff and non-tariff barriers mainly due to trade based on regional integration. Among such agreements belong also the Transatlantic Trade and Investment Partnership (TTIP) between the EU and the USA, which represent the largest economies in the world. The paper analyses developed scientific studies that assess the economic impact, advantages and disadvantages of closer economic cooperation. However, it reflects not only the economic but also foreign policy importance of this partnership. In the case of signing the TTIP, it would become the most important bilateral trade agreement ever, both in terms of international trade as well as in terms of the impact on international trade as a whole.

Keywords: European Union; USA; regional integration; trade liberalization; Transatlantic Trade and Investment Partnership (TTIP) (search for similar items in EconPapers)
JEL-codes: F1 F4 F5 F6 (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:stcomb:v:9:y:2016:i:34:p:211-221:n:2

DOI: 10.1515/stcb-2016-0020

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