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Characteristics and expected effects of the Transatlantic Trade and Investment Partnership

Author

Listed:
  • Sanja Franc

    (Faculty of Economics and Business,University of Zagreb)

  • Maja Kušćer

    (student at the Faculty of Economics and Business, University of Zagreb)

Abstract

Free trade is an important factor in economic development and the creation of new jobs. Transatlantic relations and trade have a global impact, and their significance has increased after the establishment of the European Community. The EU and the United States have been undergone different development models and phases which have in turn determined the nature of their cooperation. The aim of this paper is to give an overview of key features of the new Transatlantic Trade and Investment Partnership and its potential impact on members, as well as on the third countries. The expected effects are not equal or evenly distributed and will depend upon the type of goods exchanged, regulation divergence and the overall scope of the agreement. The conclusion is that the elimination of tariff barriers will not have the same significant effects as elimination or reduction of non-tariff barriers on trade and investments.

Suggested Citation

  • Sanja Franc & Maja Kušćer, 2016. "Characteristics and expected effects of the Transatlantic Trade and Investment Partnership," Notitia - journal for economic, business and social issues, Notitia Ltd., vol. 1(2), pages 63-76, December.
    • Handle: RePEc:noa:journl:y:2016:i:2:p:63-76
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    File URL: http://www.notitia.hr/RePEc/noa/journl/06_2016.pdf
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    Citations

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    Cited by:

    1. Sergey V. Tretyakov, 2014. "Between efficiency and effectiveness," HSE Working papers WP BRP 31/LAW/2014, National Research University Higher School of Economics.

    More about this item

    Keywords

    transatlantic partnership; trade liberalization; EU; USA;
    All these keywords.

    JEL classification:

    • F1 - International Economics - - Trade

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