Naslov
Impacts and perspectives of trade integration between the European Union and the USA

Autori
Cvečić, Igor ; Tomljanović, Marko ; Milotić, Melani

Vrsta, podvrsta i kategorija rada
Radovi u zbornicima skupova, cjeloviti rad (in extenso), znanstveni

Izvornik
Zbornik radova sa 8. Međunarodnog znanstvenog simpozija GOSPODARSTVO ISTOČNE HRVATSKE -VIZIJA I RAZVOJ/ Proceedings of 8th INTERNATIONAL SCIENTIFIC SYMPOSIUM ECONOMY OF EASTERN CROATIA – VISION AND GROWTH / - Osijek : Ekonomski fakultet Sveučilišta Josipa Jurja Strossmayera u Osijeku, 2019, 51-63

Skup
8. međunarodni znanstveni simpozij: Gospodarstvo istočne Hrvatske – vizija i razvoj = 8th International Scientific Symposium: Economy of Eastern Croatia – Vision and Growth

Mjesto i datum
Osijek, Hrvatska, 30.05.2019. - 31.05.2019

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
EU, trade integration, TTIP, USA

Sažetak
The research problem stems from the constraints on the precise identification of the potential impacts of the implementation of the Transatlantic Trade and Investment Partnership (TTIP) between the EU and the USA, especially on EU trade and its Common Trade Policy. The aim of the research is to review the prospects for its further implementation by analysing the current trade relations between the EU and the USA and by examining key TTIP elements. The purpose of the research is to examine all relevant and to point out crucial effects of this Agreement. The research has identified potential key impacts of TTIP, especially economic effects, effects on small and medium enterprises and effects on the global economy. Key economic effects include impacts on GDP, employment and exports, manifested for example through changes in wages and prosperity. Furthermore, the implementation of this Agreement would open up the possibility of even better inclusion of small and medium-sized enterprises in world trade flows, thereby contributing to the achievement of their higher level of innovation and competitiveness. The effects on the global economy are primarily manifested through the abolition of regulatory and other constraints and the overall incentives for liberalization, which could have an effect on increasing the volumes of international trade and further global economic integration. Based on our research, it is possible to conclude that the TTIP destiny is largely uncertain and that its further implementation will largely be determined by political factors – such as national interests or internal, as well as external, political pressures. The research is mainly based on secondary data collected from relevant international statistical databases and official publications and research of international trade organizations.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA