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Studia Commercialia Bratislavensia

The Journal of University of Economics in Bratislava

4 Issues per year

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Online
ISSN
1337-7493
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Prospects for the EU-US Trade Relations in the Light of the TTIP

Viera Ružeková
  • Assoc. Prof. Ing. Viera Ružeková, PhD.; University of Economics in Bratislave, Faculty of Commerce, Department of International Trade, Dolnozemská cesta 1, 852 35 Bratislava
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Published Online: 2016-12-18 | DOI: https://doi.org/10.1515/stcb-2016-0020

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.

Keywords: European Union; USA; regional integration; trade liberalization; Transatlantic Trade and Investment Partnership (TTIP)

JEL Classification: F1; F4; F5; F6

References

About the article

Published Online: 2016-12-18

Published in Print: 2016-12-01


Citation Information: Studia Commercialia Bratislavensia, ISSN (Online) 1337-7493, DOI: https://doi.org/10.1515/stcb-2016-0020.

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© 2016 Viera Ružeková, published by De Gruyter Open. This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License. BY-NC-ND 3.0

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