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

Kaynakça

1. Ashton, Catherine (2009-10-26), “The transatlantic challenge: working together to shape the rules of globalization”, Speech at the US Chamber of Commerce,
2. Washington D.C., 26 October 2009 http://rc.eurunion.org/eu/2009-Speeches-and
3. Press-Conferences/The-Transatlantic-Challenge-Working-Together-to-Shape-the- Rules-of-Globalisation-Catherine-Ashton-October-26-2009.html [Accessed 08.2011]
4. Communication from the Commission to the Council, the European Parliament and the Economic and Social Committee. Available at: http://www.eurunion.org/partner/ntm/SECTIONA.HTM Erixon Fredrik, Bauer Matthias (2010), “A Transatlantic Zero Agreement,
5. Estimating the Gains from Transatlantic Free Trade in Goods” ECIPE Occasional Paper 4/2010. Brussels: ECIPE.
6. Erixon, Fredrik, Brandt Lisa (2011), “Ideas for New Transatlantic Initiatives on
7. Trade” Transatlantic Task Force on Trade Working Paper 3. Brussels: ECIPE European Parliament (2010),“Resolution of 11 November 2010 on the forthcoming EU-US Summit and the Transatlantic Economic Council“ http://www.europarl.europa.eu/us/ressource/static/files/resolutions/upcoming_eu_ us_summit_transatlantic_economic_council_11_2010.pdf
8. Framework for Advancing Transatlantic Economic Integration between the USA and the EU. Available at: http://www.eeas.europa.eu/us/docs/framework_trans_economic_integration07_en. pdf [Accessed 19.08.2011]

9. Hindley, Brian(1999), “New Institution for Transatlantic Trade?”, International
10. Affairs (Royal Institute of International Affairs 1944-), Vol. 75, No. 1(Jan., 1999), pp. 45-60.
11. Langhammer, Rolf, J.(2008), “Why a Market Place Must Not Discriminate: The Case Against a US-EU Free Trade Agreement” Kiel Institute of World Economy
12. Working Paper No. 1407. Kiel: Institute of World Economy
13. New Transatlantic Agenda. Available at: http://www.eeas.europa.eu/us/docs/new_transatlantic_agenda_en.pdf [Accessed 08.2011]