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The Ongoing Negotiation On The U.S.-Eu Bilateral Free Trade Agreement

Author

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  • George-Cornel Dumitrescu

Abstract

”America first” is the main driver of Donald Trump`s vision on international trade. Consequently, the American administration is currently engaged in an intensive process of renegotiating the existing trade agreements and negotiating new ones with the main trading partners. The U.S. aims at better protecting the American exporters while reducing its trade deficits with its commercial partners. Against the backdrop of several tariff wars triggered by Donald Trump, the U.S. and the EU started their negotiations with clear, but different objectives regarding some key positions. The paper offers a timeline of the main negotiation landmarks and emphasizes the leading positions, interests and turning points that could provide a boost to the bilateral negotiations. The analysis in our paper is based on insights from the current literature and relevant statistical data, as well as the positions of EU and U.S. officials. It finds that the future of the U.S.-EU free trade agreement is uncertain, due to both the bilateral tariff war and the diverging negotiation objectives.

Suggested Citation

  • George-Cornel Dumitrescu, 2019. "The Ongoing Negotiation On The U.S.-Eu Bilateral Free Trade Agreement," Revista de Economie Mondiala / The Journal of Global Economics, Institute for World Economy, Romanian Academy, vol. 11(2), pages 1-19.
    • Handle: RePEc:iem:journl:v:11:y:2019:i:2:p:1-19
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    File URL: http://iem.ro/rem/index.php/REM/article/view/734/817
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    Cited by:

    1. Daianu Dana Codruța, 2019. "Considerations Regarding The Influence Of Eu-Us Trade Relations On Eu Economic Development," Management Strategies Journal, Constantin Brancoveanu University, vol. 45(3), pages 26-33.

    More about this item

    Keywords

    trade; agreement; the U.S.; European Union; agriculture; investments;
    All these keywords.

    JEL classification:

    • F10 - International Economics - - Trade - - - General
    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • O24 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Trade Policy; Factor Movement; Foreign Exchange Policy
    • Q17 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agriculture in International Trade

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