Perspectives on Growth, Trade, and Social Agenda Expenditures in the Eurozone During the Rest of this Decade, With and Without the EU-US Transatlantic Trade and Investment Partnership (TTIP)

Author(s):  
Fred Campano ◽  
Lucio Laureti ◽  
Dominick Salvatore
2018 ◽  
Vol 19 (3) ◽  
pp. 415-443 ◽  
Author(s):  
Ilaria Espa ◽  
Kateryna Holzer

Abstract In the context of the Transatlantic Trade and Investment Partnership (TTIP), the European Union (EU) has taken the lead in promoting the inclusion of a specific chapter on energy trade and investment in order to enhance energy security and promote renewable energy. Irrespective of the success of the TTIP negotiations, the EU proposal can contribute to developing multilateral rules on energy trade and investment. This is especially important given the increased number of energy disputes filed by the EU and the United States against other leading energy market players, including the BRICS. This article provides a normative analysis of the new rules proposed by the EU and reflects on potential responses of BRICS energy regulators. It argues that, while these rules are unlikely to immediately affect BRICS energy practices, they may eventually be ‘imported’ in BRICS domestic jurisdictions in order to promote renewable energy and attract investment in energy infrastructure.


2017 ◽  
Vol 59 (1) ◽  
pp. 35-51
Author(s):  
Nadia Naim

Purpose The purpose of this paper is to examine the transatlantic trade and investment partnership (TTIP). The EU and the USA are negotiating the TTIP, a trade agreement that aims to remove trade barriers across different economic sectors to increase trade between the EU and the USA. The TTIP will have spill over effects on the MENA region, the GCC, Australia and the Asian sub-continent, as it raises key questions for intellectual property and international trade agreements. For instance, will the USA and EU be on an equal footing or will one triumph over the other, will third party countries like the GCC states be expected to adopt new standards. Design/methodology/approach The research design is a paper and online data collection method to find literature to date on intellectual property law development in the GCC states in relation to the three research objectives as set out above. The literature is the population, and this could prove problematic. Different databases have been used to cover all sources where data can be found. Findings As the EU-USA TTIP is aiming to conclude by the end of 2015, the GCC has an opportunity to reassess its relationship with both the EU and GCC. Up until now, the GCC was able to enter into negotiations with the EU and USA relatively independently. However, where the EU and USA can agree, there will be a harmonisation of regulations. This therefore has repercussions for the GCC. The TTIP has three main aims: to increase trade and investment through market access, increase employment and competitiveness and create a harmonised approach to global trade. To harmonise global trade, the EU and USA aim to harmonise their intellectual property rights through an intellectual property rights chapter that deals specifically with enhancing protection and recognition for geographical indications, build on TRIPS and patentability. Research limitations/implications This study is non-empirical. Originality/value The TTIP will have spill over effects for the GCC, as it has yet to finalise the EU-GCC free trade agreement and USA-GCC framework agreement. The power dynamics between the USA and EU will be a deciding factor on the intellectual property chapter in the TTIP in terms of what the provisions for intellectual property will look like and what powers will be available to investors to bring investor-state-dispute settlement claims against foreign countries.


Subject The European Parliament and the Transatlantic Trade and Investment Partnership. Significance The last-minute decision of the European Parliament (EP) to postpone a June 10 debate and vote on the Transatlantic Trade and Investment Partnership (TTIP) has exposed important divisions among its members (MEPs) over whether and how closer EU-US economic ties can be secured. While non-binding at this stage, the debate and vote would have provided important guidance to the European Commission on its priorities and room for manoeuvre as it engages in further negotiations with the United States. TTIP must ultimately be ratified by the EP, which has voted down international agreements in the past. Impacts The EP's difficulties in finalising its views could constrain the Commission in the TTIP negotiations. However, given the EP's ultimate veto over the deal, time spent now on hammering out an ISDS formula it could accept may not be wasted. Any rejection of TTIP, particularly over ISDS, could raise questions over future international trade deals premised on deep integration. TTIP rejection could even jeopardise concluded trade deals awaiting ratification, such as that between the EU and Canada. Progress on TTIP is among the measures sought by UK Prime Minister David Cameron before his EU membership referendum.


Significance The ECJ ruling could add to potential disruptions to transatlantic commercial data flows arising from the EU's developing data protection regime that a study for the US Chamber of Commerce valued at 0.8-1.3% of EU GDP. The ruling weakens the United States in negotiations over the new EU regime, as well as over the Transatlantic Trade and Investment Partnership (TTIP). Impacts The ruling may bolster development of EU-based cloud facilities as EU users seek to avoid the risks of US-based data storage. This could reduce US firms' estimated 76% share of the EU cloud market. It would also lead to further fragmentation of the internet as a global resource.


2016 ◽  
pp. 73-79
Author(s):  
V. . Tayar

The subject of research is connected with the possibility that in the near future on the economic world map there can appear a new trading bloc - Transatlantic Trade and Investment Partnership (TTIP) between the EU and the USA. In article are analyzed challenges and prospects from this contract for Ibero-American countries (Spain, Portugal and Latin American y Caribbean countries).


Subject The prospects for finalising TTIP. Significance While the EU as a whole -- the European Commission, most member states and a majority of members of the European Parliament (EP) -- appears to remain committed to a wide-ranging agreement with the United States, there are growing indications that public opposition may render the proposed Transatlantic Trade and Investment Partnership (TTIP) agreement politically unviable. Impacts TTIP is estimated to raise the EU's GDP by 0.5%. European governments may decide that such a modest growth boost is not worth the political problems generated by the negotiations. If implemented, its terms could serve as a blueprint for future trade agreements between the EU and other countries. The deal's prospects will be diminished by the US election cycle's appeals to protectionist sentiment.


2017 ◽  
Vol 20 (3) ◽  
pp. 25-39
Author(s):  
Janina Witkowska

The Transatlantic Trade and Investment Partnership (TTIP) is a controversial subject, but at the same time it is perceived to be the most comprehensive international agreement on free trade and investment protection. Among the topics that evoke criticism on the part of different social groups is the investor‑state dispute‑settlement (ISDS), as well as its legal consequences for the EU Member states. A less discussed issue is the potential implications of the agreement on the state of economic co‑operation between the European Union and the USA in the field of investment flows, with special reference to foreign direct investment (FDI). The aim of this paper is to present the discussion related to the ISDS and examine some of the economic, political and legal implications of TTIP provisions for FDI flows between the EU and the USA. The proposals of the European Commission to change the investment protection system might be treated as an attempt to make the system of arbitrage more transparent and convincing to societies, and safer for states. The effects of the TTIP agreement for FDI between both partners might be dependent on the scale of trade creation and diversion effects, and the mirror effects of investment creation and diversion under a free trade area.


Author(s):  
Amanda M Countryman ◽  
Andrew Muhammad

AbstractImport policies in the European Union have greatly restricted beef imports from all sources. The presence of a binding tariff-rate quota (TRQ) on beef imports in tandem with sanitary and phytosanitary restrictions on biotechnological food products specifically inhibit beef imports from the United States and limit market access in the EU. Potential passage of the Transatlantic Trade and Investment Partnership may lead to a loosening of non-tariff measures (NTM) that serve as technical barriers to trade and give rise to the coexistence of hormone and non-hormone beef products in the EU marketplace. This research assesses the potential changes in import demand for beef under a trade agreement that allows for imports of conventional beef as well as an expansion of the existing TRQ in the EU beef import market. Results confirm that EU imports of beef will increase from all sources with an expansion of the TRQ and that elimination of the NTM related to beef production practices leads to an increase in competiveness of U.S. and Australian beef in the EU import market.


Sign in / Sign up

Export Citation Format

Share Document