TRANSATLANTIC FREE TRADE AGREEMENT - STILL ALIVE OR DEAD CONCEPT IN EU-US RELATIONS?

Abstract

The paper examines current issues, which are considered in a debate of creating of the free trade area between the EU and USA and major obstacles to reach such agreement. The concept of Transatlantic Free Trade Agreement was discussed in the nineties, but some contributions on this topic have occurred and handle with benefits and disadvantages of this concept. The paper verifies if the global development and political will on both sides of Atlantic could move this issue further and prove efficiency or inefficiency of such step. The conclusion argues that the deepening of the transatlantic economic relations is a long-term process, which could learn from global occasions - not only from the economic but from political view as well

Keywords

• transatlantic economic relations, free trade agreement, TAFTA

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