The Impact of Transatlantic Trade and Investment Partnership (Ttip) On the usa and European Union Strategic Cooperation

Abstract

Abstract:The main aim of the paper is presentation of the impact of TTIP on the USA and European Union strategic cooperation. It has been emphasized that the talks will make reducing regulatory barriers. New agreements to remove trade barriers aim at reducing dead-weight costs and at increasing net social gains from international trade. The paper examined in particular, investor-state dispute resolution mechanisms in reducing the power of national governments to regulate and elimination of market inequality. The article offers examples of successful regulatory cooperation efforts in the hope that it will shed light on possible approaches to addressing regulatory divergences. Ideally, the best way to address problems arising from regulatory divergence would be on a multilateral basis. The particulary objective of the research task are the regulatory trade barriers in USA -EU foreign trade policy, the nature and the promoters of the TTIP, interrelationship between regulatory standards and international cooperation in the TTIP. The general theoretical approach will be of broad interest to economists interested in international questions especially transatlantic cooperation as well as to political scientists. It was used the institutional method, comparative method, the documentation method and statistical methods. Additionally, it used also, the methods of deductive and inductive forecasting.