Challenges and Possible Consequences of Transatlantic Trade and Investment Partnership

Hande Kurtul () and Erkut Akkartal
Additional contact information
Hande Kurtul: Yeditepe University
Erkut Akkartal: Yeditepe University

A chapter in Financial Environment and Business Development, 2017, pp 189-197 from Springer

Abstract: Abstract In recent years, the European Union (EU) and the USA change their trade policy, and also they began negotiations for signing the most comprehensive free trade agreement. Its negotiations began in the second half of 2013 and is called Transatlantic Trade and Investment Partnership (TTIP), whose key points are transparency, coherence, and nondiscriminatory. With these types of qualifications, EU and US administration believes that this partnership will boost economic power, and not only the EU and the USA but also all countries in the world will benefit from the outputs of the agreement. On the other hand, although their intensions are widely on the same direction, sometimes controversial platforms occur, because both parties do not want to change their implementations at some topics such as conformity assessments, genetically modified products, and hormone-treated meat. Accordingly, the objective of this paper is to identify mainly the key challenges of the TTIP with qualitative and quantitative data. Descriptive analysis of the data will be displayed. The agreement has two main bodies as horizontal side which means regulatory cooperation and sectorial side. In this paper, regulatory cooperation and its context are considered as essential subjects. Sectors have more details and it is hard to explain all situations in sectors. After focusing on the reasons of the existence of the TTIP, the need will be explained. Then the main elements, such as market access, regulatory coherence, and improved cooperation, are mentioned. As a conclusion, mostly recommendations and expectations take part because of the fact that negotiations are going on.

Keywords: Transatlantic Trade and Investment Partnership; Transparency; Coherence (search for similar items in EconPapers)
Date: 2017
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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:spr:eurchp:978-3-319-39919-5_15

Ordering information: This item can be ordered from
http://www.springer.com/9783319399195

DOI: 10.1007/978-3-319-39919-5_15

Access Statistics for this chapter

More chapters in Eurasian Studies in Business and Economics from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().