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Prospects for the EU-US Trade Relations in the Light of the TTIP

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  • Ružeková Viera

    (Assoc. Prof. Ing. Viera Ružeková, PhD.; University of Economics in Bratislave, Faculty of Commerce, Department of International Trade, Dolnozemská cesta 1, 852 35 Bratislava)

Abstract

To success on international markets, individual economies are trying to take measures to increase their efficiency, flexibility and competitiveness. There is a liberalization of tariff and non-tariff barriers mainly due to trade based on regional integration. Among such agreements belong also the Transatlantic Trade and Investment Partnership (TTIP) between the EU and the USA, which represent the largest economies in the world. The paper analyses developed scientific studies that assess the economic impact, advantages and disadvantages of closer economic cooperation. However, it reflects not only the economic but also foreign policy importance of this partnership. In the case of signing the TTIP, it would become the most important bilateral trade agreement ever, both in terms of international trade as well as in terms of the impact on international trade as a whole.

Suggested Citation

  • Ružeková Viera, 2016. "Prospects for the EU-US Trade Relations in the Light of the TTIP," Studia Commercialia Bratislavensia, Sciendo, vol. 9(34), pages 211-221, December.
    • Handle: RePEc:vrs:stcomb:v:9:y:2016:i:34:p:211-221:n:2
    DOI: 10.1515/stcb-2016-0020
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    References listed on IDEAS

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    1. Pascal Lamy, 2002. "Stepping Stones or Stumbling Blocks? The EU’s Approach Towards the Problem of Multilateralism vs Regionalism in Trade Policy," The World Economy, Wiley Blackwell, vol. 25(10), pages 1399-1413, November.
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    More about this item

    Keywords

    European Union; USA; regional integration; trade liberalization; Transatlantic Trade and Investment Partnership (TTIP);
    All these keywords.

    JEL classification:

    • F1 - International Economics - - Trade
    • F4 - International Economics - - Macroeconomic Aspects of International Trade and Finance
    • F5 - International Economics - - International Relations, National Security, and International Political Economy
    • F6 - International Economics - - Economic Impacts of Globalization

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