Transatlantic Trade and Investment Partnership between
the United States and the European Union as an instrument
of the international economic cooperation
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Transatlantic Trade and Investment Partnership between
the United States and the European Union as an instrument
of the international economic cooperation
Publication date: 05.01.2015
International Business and Global Economy, 2014, Volume 33, pp. 199-213
https://doi.org/10.4467/23539496IB.13.014.2399Authors
Umowa o Partnerstwie Handlowo-Inwestycyjnym między Stanami Zjednoczonymi i Unią Europejską jako narzędzie międzynarodowej współpracy gospodarczej
In the paper we analyze the Trade and Investment Partnership between the United States and the European Union indicating its specific character. It comes with the parties’ particular characteristics (i.a. one party to a contract, the EU, is a collective entity).Weexamine both parties to the agreement and their position in the international trade in goods and services. The point of reference is global economy and BRIC countries (Brazil, Russia, India, and China). We also examine the EU and the USA trade relations. The examination covers the years 1995–2012.Weprove that the unification allows both the EU and the USA to take advantage of their significant role in the world trade to increase their impact on the global economic order. EU-US free trade and the agreement conclusion shall allow to intensify trade in services, and FDI flow shall allow to increase the advantage over BRIC countries (primarily China) and to make their economies independent from the instability of the emerging markets.
Information: International Business and Global Economy, 2014, Volume 33, pp. 199-213
Article type: Original article
Titles:
Umowa o Partnerstwie Handlowo-Inwestycyjnym między Stanami Zjednoczonymi i Unią Europejską jako narzędzie międzynarodowej współpracy gospodarczej
Transatlantic Trade and Investment Partnership between
the United States and the European Union as an instrument
of the international economic cooperation
Kolegium Gospodarki Światowej, Szkoła Główna Handlowa w Warszawie, Al. Niepodległości 162, 02-554 Warszawa
SGH Warsaw School of Economics
Poland
University of Warsaw, Krakowskie Przedmieście 30, 00-927 Warszawa, Poland
Published at: 05.01.2015
Article status: Open
Licence: None
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English