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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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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.

PROS:

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.

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