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EU-US Trade Disputes

Author

Listed:
  • Cristina Veronica Andreescu
  • Mirela Radu

    ("Dimitrie Cantemir" Christian University)

Abstract

This paper presents the main transatlantic trade disputes, explaining the ways in which they were solved with the help of the WTO. The role of policy and legislative mechanisms that enable the operation of transatlantic trade were reviewed. The economic exchanges have sometimes generated disputes such as the banana dispute, the meat hormone dispute, the export of soybeans, and others of a lesser impact. Disputes between the two great powers must be seen, ultimately, as a natural consequence of the fact that both the EU and the U.S. are partners, but more than that, they cannot dissociate themselves from their regulatory systems which reflect their own economic choices. Thus, the two giants have become competitors, whose disputes leave their mark on global trade and investment.

Suggested Citation

  • Cristina Veronica Andreescu & Mirela Radu, 2013. "EU-US Trade Disputes," Knowledge Horizons - Economics, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 5(4), pages 93-100, December.
    • Handle: RePEc:khe:journl:v:5:y:2013:i:4:p:93-100
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    References listed on IDEAS

    as
    1. Anderson, Kym, 2002. "Peculiarities of retaliation in WTO dispute settlement," World Trade Review, Cambridge University Press, vol. 1(2), pages 123-134, July.
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    More about this item

    Keywords

    Trade; dispute; WTO; partners; competitors;
    All these keywords.

    JEL classification:

    • J51 - Labor and Demographic Economics - - Labor-Management Relations, Trade Unions, and Collective Bargaining - - - Trade Unions: Objectives, Structure, and Effects

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