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Premises For Strengthening The Eu-Us Economic Partnership And Relieving Bilateral Tensions

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  • Iulia Monica Oehler-Șincai

Abstract

Trade and investment remain the solid foundations for the transatlantic relations. However, divergent positions on a multitude of issues have come to dominate bilateral relations. New tensions arose after president Donald Trump took office in January 2017. In the same year, the Transatlantic Trade andInvestment Partnership was finally abandoned, after 15 rounds of negotiations that took place between 2013and 2016. To the controversial subsidies directed towards aircraft manufacturers and the agricultural sector, other issues have been added, such as those related to the taxation of digital services by European countries. Divergent positions on the Covid-19 pandemic raised new questions about trust in bilateral relations. The main objective of this analysis is to identify the sources of conflict in bilateral relations, but also the ways to ease tensions, as a solid relationship based on mutual trust is to the advantage of both parties.

Suggested Citation

  • Iulia Monica Oehler-Șincai, 2020. "Premises For Strengthening The Eu-Us Economic Partnership And Relieving Bilateral Tensions," Revista de Economie Mondiala / The Journal of Global Economics, Institute for World Economy, Romanian Academy, vol. 12(2), pages 11-28.
    • Handle: RePEc:iem:journl:v:12:y:2020:i:2:p:11-28
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    File URL: http://www.iem.ro/rem/index.php/REM/article/view/779/863
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    More about this item

    Keywords

    USA; EU; transatlantic relations; trade; investment; trade policies;
    All these keywords.

    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F19 - International Economics - - Trade - - - Other
    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • F5 - International Economics - - International Relations, National Security, and International Political Economy

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