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.
Instead of conclusions
This book examines various aspects of the TTIP, so it is very difficult to construct a unified summary of them. Instead, since all of the authors have included a specific one in each of their analyses, we present a list of the main pros and cons of the TTIP.
1. Cheaper American goods for EU consumers (and investment goods for producers). This is true especially in the case of manufactured goods (no tariffs, lower NTMs). In the longer run, perhaps EU goods will become cheaper as well as a result of tougher competition and increased efficiency. An additional source of efficiency would be the removal of redundant duplication of inspections by authorities from both sides.
2. The American market as an alternative source of energy and, more broadly, raw materials for the EU. This. The possibility to gain independence from Russian oil and gas exists. It is important economically and priceless politically. It is even more important since Russia, through Gazprom, to a great extent under state ownership, behaves like a price discriminating monopolist on the natural gas market.
3. A possible boom in Polish agriculture and in the production of intermediate goods. If the other EU members concentrate on the production of manufactured goods for the newly opened US market, Poland can win because of its complementary economic structure in relation to the other EU states (and complementary export structure).
4. Working out of RTA standards....
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