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The Impact of the Transatlantic Trade and Investment Partnership on International Cooperation

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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.

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Chapter 17. Trade Deals with the US. What Can We Learn from the Aussie Case?

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The structure of the world economy from the beginning of the 21st century has been the subject of significant changes. Research on the nature of contemporary trade regionalism has to be anchored in the current institutional crisis of the World Trade Organisation (WTO).

An important dimension of proliferating regional trade agreements (RTAs) is their geopolitical meaning. They serve as vehicles that increase the level of representation of the Global South, boost economic integration in a more controlled way and compete for the position of an agenda-setter at fora of international economic organisations. Hence, political frustration resulting from the lack of substantial achievements by the WTO makes regional trade agreements more and more attractive and creates a new sphere of strategic rivalry for contemporary economic superpowers (United States, European Union, China) (see He, Sappideen 2013). Consequently, negotiated rules can sooner or later become a standard that others will have to follow. This seems to be the main purpose of the heatedly debated Trans-Pacific Partnership (TTP) and the Trans-Atlantic Trade and Investment Partnership (TTIP) which through their comprehensive character promote and reinforce the US approach to rules that lay out international trading regime (see Capling, Ravenhill 2013). By using the classical concept of free trade they impose new kinds of subtle obstacles or produce “unintended consequences” that result from harmonisation and standardisation of non-tariff measures whose main purpose seems to be aimed at benefiting multinational corporations (see more: Gagne 2014, van Tigerstrom 2013, Gleeson, Friel 2013, Ranald 2011,...

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