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Trade agreements with side-effects? : European Union and United States to negotiate Transatlantic Trade and Investment Partnership

Abkommen mit Nebenwirkungen? : Die EU und die USA stehen vor Verhandlungen über eine Transatlantische Handels- und Investitionspartnerschaft

Mildner, Stormy-Annika; Schmucker, Claudia

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Corporate Editor Stiftung Wissenschaft und Politik -SWP- Deutsches Institut für Internationale Politik und Sicherheit
Abstract "At the G8 summit in Northern Ireland on June 17, the European Union and the United States kicked off the negotiations for a comprehensive Transatlantic Trade and Investment Partnership (TTIP) to reduce tariffs and non-tariff trade barriers. While the expected economic benefits for both sides would be more than welcome in an era of gloomy growth forecasts, a TTIP is not entirely without risks for global trade and the multilateral trading system. The talks could tie up a considerable portion of EU and US negotiating capacity and divert attention from the WTO Doha Round. More broadly, potential trade-diverting effects could function to the detriment of other trading partners. Such side-effects should be avoided. The 'high road' of international trade policy must remain the WTO, with bilateral agreements making sense only as a stepping stone to multilateral liberalisation. Alongside the TTIP talks, the Transatlantic Partners should therefore continue to push for a conclusion of the Doha Round. And the TTIP must be designed to be compatible with WTO rules." (author's abstract)
Keywords EU; United States of America; economic relations; bilateral relations; commerce; liberalization; international agreement; WTO; direct investment; trade barrier; trade policy; transaction costs
Classification International Relations, International Politics, Foreign Affairs, Development Policy; Economic Policy
Free Keywords Marktzugang; Zölle; Nichttarifäre Handelshemmnisse; Auswirkung internationalen Abkommens; Internationale Handelsordnung; WTO-Welthandelsrunde 01. (Doha, 2001-11-09); Dienstleistungen; Handelsumlenkung; Streitbeilegungsverfahren (WTO)
Document language English
Publication Year 2013
City Berlin
Page/Pages 8 p.
Series SWP Comments, 18/2013
ISSN 1861-1761
Status Published Version; reviewed
Licence Deposit Licence - No Redistribution, No Modifications