The EU–US Transatlantic Partnership: Prospects

237
DOI: 10.20542/0131-2227-2017-61-8-5-13
N. Kondrat’eva (nkondratieva@inbox.ru),
Institute of Europe, Russian Academy of Sciences, 11–3B, Mokhovaya Str., Moscow, 125993, Russian Federation;
National Research University Higher School of Economics, 20, Myasnitskaya Str., Moscow, 101000, Russian Federation


Abstract

Another delay of the signature of the Transatlantic Trade and Investment Partnership (TTIP) after fifteen rounds of talks, and protectionist rhetoric of the newly-elected US President Donald Trump give a good reason to think about the future of the agreement between the EU and the USA. The author takes into account the interest of the negotiators in strengthening their joint position in the world and mutual liberalization. However, the author points to a fundamental difference in the logic and practice of trade regulation and competition on both sides of the Atlantic. In particular, the author notes individual features that cannot be included in the common model such as the EU precautionary principle and the European system of protection of geographical indications. The article also highlights the difference between the EU and the US in their goals of standardization and conformity assessment procedures. Their positions differ significantly on the issue of the protection of competition. Finally, the EU has a negative view towards the US non-interference in the activities of the largest monopolies and the market of state orders. These differences limit the subject of discussion and impede the creation of a common economic model. The EU and the United States tend to preserve their identity in the areas of consumer and environment protection, standardization, competition. The negotiations become a means of competitive positioning of their models. At the same time it is an example of tolerant interaction of competing poles. The estimate also allows to rethink the outcome of the EU–Russia dialogue and to stress its useful results. The author believes that Russia adopted many elements of the institutional model of the European Union. These elements are embedded in the practice of the Eurasian Economic Union (EAEU). So, there is a chance to use them as a basis for a potential dialogue between EU and EAEU. 


Keywords

TTIP, EU, USA, protectionism, market, trade, technical regulation, international standardization, competition 


REFERENCES

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For citation:
Kondrat'eva N. The EU–US Transatlantic Partnership: Prospects. Mirovaya ekonomika i mezhdunarodnye otnosheniya, 2017, vol. 61, No 8, pp. 5-13. https://doi.org/10.20542/0131-2227-2017-61-8-5-13



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