Transatlantic Free Trade
An Agenda for Jobs, Growth and Global Trade Leadership
Nonfiction, Social & Cultural Studies, Political Science, International, Treaties, International Relations
| Author: | Fredrik Erixon | ISBN: | 1230000219202 |
| Publisher: | Wilfried Martens Centre for European Studies | Publication: | February 17, 2014 |
| Imprint: | Language: | English |
| Author: | Fredrik Erixon |
| ISBN: | 1230000219202 |
| Publisher: | Wilfried Martens Centre for European Studies |
| Publication: | February 17, 2014 |
| Imprint: | |
| Language: | English |
This paper presents the case for deepened trade and investment policy cooperation between the European Union and the United States. A trade deal between the two economic powers has become an increasingly popular notion, particularly given increased competition from China. Old arguments against a transatlantic deal have become weaker as the balance of the world’s economies has changed. Such an agreement would generate significant gains if designed properly and would encourage global trade liberalisation. It is time for the EU and US to press ahead with a free trade agreement. The EU and US also need to find a way outside of the WTO system to use their economic power as leverage in their dealings with emerging economies. An ambitious free trade agreement can, therefore, achieve more than the benefits of reducing barriers.
This paper presents the case for deepened trade and investment policy cooperation between the European Union and the United States. A trade deal between the two economic powers has become an increasingly popular notion, particularly given increased competition from China. Old arguments against a transatlantic deal have become weaker as the balance of the world’s economies has changed. Such an agreement would generate significant gains if designed properly and would encourage global trade liberalisation. It is time for the EU and US to press ahead with a free trade agreement. The EU and US also need to find a way outside of the WTO system to use their economic power as leverage in their dealings with emerging economies. An ambitious free trade agreement can, therefore, achieve more than the benefits of reducing barriers.
