Edited By Elżbieta Czarny, Andżelika Kuźnar and Jerzy Menkes
This book gathers Polish and foreign scholars to consider diverse aspects of Transatlantic Trade and Investment Partnership (TTIP). It examines key general areas such as the improvement of the position of the negotiating parties in the world economy, in politics and in international organisations. The contributors analyze possible acceleration of non-discriminatory liberalisation negotiations, creation of new international standards or reducing regulatory differences, such as «Investor-state dispute settlement» (ISDS), public health, geographical indications. The contributions focus also on specific issues, such as the impact of TTIP on Polish and EU economy, on merchandise and services trade, energy supply, research and development, Information and Communication Technologies (ICT), or on the third parties.
Chapter 10. The Potential Effects of the TTIP on Polish and other CEEC Exports to the United States
Negotiations on the Transatlantic Trade and Investment Partnership may lead to the creation of the largest free trade area in the world. Free access to commodity markets may contribute to an increase in mutual trade of negotiating partners.
The purpose of this chapter is to discuss the changes that may occur in the structure of Polish exports to the US and to compare these exports with the exports from selected Central and Eastern European countries. The main analysis covers the years 2010–2014. In the initial section of this chapter, taking into consideration the changes occurring in the trade exchange of Poland and other Central and Eastern European countries following their accession to the European Union, the period of under study was extended to the years 2004–2014.
1. Consequences of the free trade area
As defined by Balassa (1973), free trade areas (FTAs) are institutionalized forms of international economic integration. In the classical approach, their formation involves liberalization of tariff barriers to bilateral trade and applies to commerce in ready-made industrial products, raw materials, food, and – to a lesser extent – parts, subassemblies, and components. It implies a growth in horizontal connections and generates advantages based on comparative cost differences. Today, the scope of such agreements increasingly goes beyond commodity trade and also covers other areas of economic integration, facilitating the free flow of capital and services, access to public procurement opportunities, and intellectual property rights protection, as well as regulatory issues...
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