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EN
Over the past 50 years the United States and European Union states have developed high but divergent consumers protection standards. A free trade agreement based on unifications of standards is unrealistic, so functional equivalents and/or mutual recognition of standards might be a recipe. The EU single market is based on mutual recognition of national standards whenever there is no common EU standard, and an ideological approach to the protection of consumers could undermine the extent of benefits from TTIP.
EN
The Transatlantic Partnership on Trade and Investment (TTIP) will in all likelihood generate gains first and foremost for large multinational corporations engaged in investment and trade between the United States and the European Union. The agreement brings numerous threats to the countries of the European Union and might significantly weaken the competence of EU and national authorities in formulating policies in such areas as consumer protection or the environment. It will boost competition on both the EU and U.S. markets, undermining workers’ rights and resulting in a further delocalisation of production to countries with lower labor costs. If the ISDS mechanism is included in the TTIP, it will strengthen the position of corporations in disputes with governments.
EN
Several months ago the European Union and the United States started negotiations on the Transatlantic Trade and Investment Partnership (TTIP). The agreement would lead to an integrated economic area between the parties. The talks, however, have been more difficult than anticipated. Germany is increasingly critical of TTIP, even though theoretically it would be among the partnership’s biggest beneficiaries. The article attempts to explain the scepticism of Germany, focusing on economic arguments and in particular its specific approach to economic growth and competition mechanism.
EN
The aim of this article is to determine the potential trade effects of Transatlantic Trade and Investment Partnership (TTIP) for the EU agri-food sector. The ex post analysis covered the characteristics of agri-food trade between the EU and the US in the years 2004–2014 on the basis of statistical data from the database of the World Bank WITS. The ex ante evaluation was carried out using SMART – a partial equilibrium model. The results of the study indicate that although bilateral agri-food trade relations of the EU–US have relatively little importance, but it is significant at the individual industries level. TTIP agreement, which includes the reduction of tariff barriers to agri-food trade between the EU and the US, will contribute to boosting bilateral agri-food trade to a greater extent for the US. The creation of a free trade produces mostly creation effect, whereby it will be asymmetric – concentrated in a few product groups.
PL
Celem artykułu było określenie potencjalnych efektów handlowych zawarcia Umowy o Transatlantyckim Partnerstwie Handlowym i Inwestycyjnym (TTIP) dla sektora rolno-żywnościowego w UE. Analiza ex post objęła charakterystykę obrotów produktów rolno-żywnościowych UE z USA w latach 2004–2014 na podstawie danych statystycznych z bazy Banku Światowego WITS. Ocena ex ante przeprowadzona została z wykorzystaniem modelu równowagi cząstkowej SMART. W efekcie zrealizowanych badań stwierdzono, że chociaż bilateralne relacje handlowe UE–USA w zakresie produktów rolno-żywnościowych mają względnie niewielkie znaczenie, są istotne na poziomie poszczególnych branż. Umowa TTIP, obejmująca redukcję barier taryfowych w handlu rolno-żywnościowym UE–USA, przyczynić się może do pobudzenia wzajemnych obrotów rolno-żywnościowych w większym stopniu dla USA. Utworzenie strefy wolnego handlu wywoła głównie efekt kreacji, przy czym będzie on asymetryczny – skupiony w kilku grupach produktów.
EN
Lauded as the backbone of both the EU and the U.S. economies, Small and Medium-Sized Enterprises (SMEs) have dominated the heated debate over the Transatlantic Trade and Investment Partnership (TTIP) raging across Europe in 2015. TTIP negotiators are convinced that small businesses will be the main beneficiaries of the deal. However, due to varying levels of internalisation and innovation across sectors and countries, the benefits are unlikely to be evenly distributed. SMEs with cutting-edge technologies are the most likely to reap profits from TTIP, and thus spurring innovation should be among the priorities of especially the Central and Eastern European countries, which often lag in terms of pioneering products.
PL
Celem artykułu jest przedstawienie warunków dostępu polskich towarów do rynku Stanów Zjednoczonych, w świetle negocjowanego porozumienia TTIP. W artykule scharakteryzowano najważniejsze założenia, cele i zakres przedmiotowy umowy. Wskazano na zmiany zachodzące w strukturze towarowej polskiego eksportu do USA w poszczególnych sekcjach SITC i grupach BEC w latach 2010-2014. W jego ostatniej części podjęto próbę przedstawienia znaczenia instrumentów polityki handlowej, głównie taryfowych, ograniczających dostęp polskich towarów do Stanów Zjednoczonych.
EN
The aim of the article is to present the conditions for the access of Polish goods to the US market in the light of the TTIP agreement which is being negotiated. The article characterizes the most important assumptions, objectives and the scope of the agreement. It presents the changes within the commodity structure of the Polish exports to the USA in particular SITC sections and BEC groups in 2010-2014. The last part of the article aims at the presentation of the significance of trade policy instruments, mainly the tariff ones, which restrict the access of Polish goods to the US market.
EN
In this research work, the author focuses on the analysis of the activity towards the Transatlantic Trade and Investment Partnership (TTIP) between the European Union and United States. It has been emphasized that the talks will reduce regulatory barriers. New agreements to remove trade barriers aim at reducing dead-weight costs and at increasing net social gains from international trade. The article examines the impact of free trade agreements like TTIP and, in particular, investor-state dispute resolution mechanisms in reducing the power of national governments to regulate and eliminate market inequality. The article offers examples of successful regulatory cooperation efforts in the hope that it will shed light on possible approaches to addressing regulatory divergences. Ideally, the best way to address problems arising from regulatory divergence would be on a multilateral basis, while taking into account the relations of the EU and the US with other countries. The main aim of the article is the presentation of the challenges for TTIP negotiations. The particular objective of the research task is the regulatory trade barriers in US-EU foreign trade policy, the nature and the promoters of TTIP, the interrelationship between regulatory standards and international cooperation in TTIP. The general theoretical approach will be of broad interest to economists interested in international questions, especially transatlantic cooperation, as well as to political scientists. The main methods applied in this research were the institutional method, comparative method, documentation method and statistical methods. Additionally, the methods of deductive and inductive forecasting were applied.
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2015
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vol. 10
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issue 3
105-128
EN
We analyse potential consequences of the forthcoming Trade and Investment Partnership between the European Union and the United States (TTIP) for trade orientation of both partners. We do it so with along with the short analysis of the characteristics of the third wave of regionalism and the TTIP position in this process as well as the dominant role of the EU and the U.S. in the world economy – especially – in the world trade. Next, we study trade orientation of the hypothetical region created in result of TTIP. We use regional trade introversion index (RTII) to analyze trade between the EU and the U.S. that has taken place until now to get familiar with the potential changes caused by liberalization of trade between both partners. We analyze RTII for mutual trade of the EU and the U.S. Then, we apply disaggregated data to analyze and compare selected partial RTII (e.g. for trade in final and intermediate goods as well as goods produced in the main sectors of economy like agriculture or manufacturing). The analysis of the TTIP region’s orientation of trade based on the historical data from the period 1999-2012 revealed several conclusions. Nowadays, the trade between the EU and the U.S. is constrained by the protection applied by both partners. Trade liberalization constituting one necessary part of TTIP will surely help to intensify this trade. The factor of special concern is trade of agricultural products which is most constrained and will hardly be fully liberalized even within a framework of TTIP. Simultaneously, both parties are even now trading relatively intensively with intermediaries, which are often less protected than the average of the economy for the sake of development of final goods’ production. The manufactured goods are traded relatively often as well, mainly in consequence of their poor protection after many successful liberalization steps in the framework of GATT/WTO. Consequently, we point out that in many respects the TTIP will be important not only for its participants, but for the whole world economy as well. TTIP appears to be an economic and political project with serious consequences for the world economy and politics.
PL
Spadek udziału w handlu światowym skłonił Unię Europejską i Stany Zjednoczone do zmian w ich polityce handlowej. W efekcie rozpoczęto negocjacje nad Transatlantyckim Partnerstwem Handlowym i Inwestycyjnym, które w znaczącym stopniu wpłyną na zmiany w handlu. Wpływ ten jest w przypadku UE zróżnicowany, a proponowane rozwiązania liberalizacyjne w różnym stopniu obejmą poszczególne sektory gospodarki. Celem pracy jest analiza wpływu TTiP na eksport poszczególnych krajów członkowskich UE, w zależności od ich struktury handlowej i udziału w wymianie towarowej z USA. Proponowane zmiany promują w szczególności Niemcy i Belgię, a w przypadku pozostałych 26 krajów prognozowany wzrost eksportu jest mniej niż proporcjonalny w stosunku do ich udziału w handlu z USA.
EN
The article focuses on analysis of Germany’s stance as regards transatlantic cooperation in the 21st century, presenting successively 1) main elements concerning the evolution of the transatlantic cooperation with special regard to Germany’s stance toward the U.S.; 2) controversies in Germany around working out provisions of the TTIP agreement; 3) the attitude of Christian Democrat-Liberal government towards the prospects of successful negotiations as well as the significance of finalizing the TTIP agreement. In evaluating Germany’s attitude as to the Transatlantic partnership the biggest emphasis has been devoted to Germany’s determinants and interests in its relations with the U.S. in political and socio-economic grounds. As regards controversies around future shape of TTIP agreement positions of CSU/CDU/SPD government, opposition parties in Bundestag as well as economic circles, trade unions, experts, scholars and non-governmental organizations have been taken into consideration. Basing on conducted opinion polls in the U.S. and in Germany in the final part of the study the attitudes of public opinion in both these states as for the crucial questions of Transatlantic cooperation have been presented between the EU and the U.S. There is ambivalence because generally supporting the signing of TTIP agreement between the EU and the U.S. the German society expresses stringent opposition to importing American genetically modifi ed food to European markets. Changing social moods among German society on TTIP agreement’s provisions force CDU/CSU/SPD to declare enhanced readiness to European standards and the EU’s interests.
PL
Główny cel niniejszej pracy obejmuje ocenę znaczenia Wspólnej Polityki Handlowej (WPH) dla UE i zrozumienie jej roli w perspektywie globalnej. Pertraktacje w sprawie Transatlantyckiego Partnerstwa w dziedzinie Handlu i Inwestycji (TTIP) są analizowane przez pryzmat historii formacji, celów, osiągnięć i kwestii nierozwiązanych WPH. Ważnym wynikiem badaniajest stwierdzenie, że Europejskie/Unijne próby prowadzenia odpolitycznionej wspólnej polityki handlowej kolidują z jej celami eksportu wartości. Zobowiązanie do preferencyjnego traktowania rozwijających się i najsłabiej rozwiniętych krajów stwarza pole niestabilności i zagrożenia podwójnych standardów. Aktualne rozmowy w sprawie strefy wolnego handlu pomiędzy EUi USA pozostają szczególnym przypadkiem, który ujawnia braki, ale także osiągnięcia WPH i jej rolę w handlu światowym. Negocjacje TTIP są kamieniem milowym w procesie opracowania globalnych standardów handlowych. Jeżeli wyczerpujące biurokratyczne pertraktacje wyglądają niewygodnie dlarealpolitik Stanów Zjednoczonych, to świetnie pasują do WPH, która była tworzona w ten sam sposób.
EN
The main aim of the paper involves evaluation of significance of the Common Commercial Policy (CCP) for the EU and understanding of its role in the global perspective. Transatlantic Trade and Investment Partnership (TTIP) bargaining is analysed through the prism of the CCP’s formation history, objectives, achievements and unresolved issues. An important result of the research is the conclusion that European’s/EU’s attempts to provide depoliticized common trade policy collide with its objectives of values’ exporting. Commitment to preferential treatment of developing and least developed countries creates a field of instability and endangerment of a double standards. Current EU-U.S. Free Trade Agreement talks remain a particular case that reveal gaps, but also achievements of the CCP and its role in the global trade. TTIP negotiations are a milestone in a process of the global trade standards elaboration. If exhausting bureaucratic bargaining looks uncomfortable for the U.S. ’realpolitik, it perfectly suits to the CCP which was creating the same way.
EN
TTIP - the Transatlantic Trade and Investment Partnership is an agreement that carries a number of risks for the economy, the natural environment, consumer rights, labour rights and access to public services in the European Union. The mechanisms included in the agreement, concerning the settlement of disputes between states and foreign investors, pose a number of threats to democracy as well. The benefits that are supposed to result from the implementation of the agreement will primarily be reaped by large corporations involved in the transatlantic trade. Mostly the citizens and societies of the EU member states will be under threat from the agreement. The principle of mutual recognition of regulations, which is expected to be practically universally used in accordance with the agreement, will mean in practice lowering safeguards protecting the rights of citizens, workers and consumers in the European Union. The liberalization of trade within the TTIP will be a factor forcing increased competition also in relation to the Polish small and medium-sized enterprises, and as a result, putting also pressure to reduce wages and other costs, including those related to the need of complying with the norms or standards. Thus, there are far more threats than benefits of the agreement.
PL
TTIP - Transatlantyckie Partnerstwo w sprawie Handlu i Inwestycji to umowa, która niesie wiele zagrożeń dla gospodarki, środowiska naturalnego, praw konsumenta, praw pracowniczych oraz dostępności do usług publicznych w państwach Unii Europejskiej. Zawarte w umowie mechanizmy, w tym dotyczące rozstrzygania sporów między państwami a inwestorami zagranicznymi, oznaczają także liczne zagrożenia dla demokracji. Korzyści, które mają wynikać z realizacji tej umowy, przypadną przede wszystkim wielkim korporacjom uczestniczącym w handlu transatlantyckim, zagrożenia będą dotyczyły przede wszystkim obywateli i społeczeństw państw unijnych. Przewidywane niemal powszechne stosowanie, w wyniku umowy, zasady wzajemnego uznawania przepisów, oznaczać będzie w praktyce obniżenie zabezpieczeń chroniących prawa obywateli, pracowników i konsumentów w Unii Europejskiej. Liberalizacja handlu w ramach TTIP będzie czynnikiem wymuszającym zwiększoną konkurencję również wobec małych i średnich firm polskich, a w rezultacie także presję na zmniejszenie płac i innych kosztów, w tym związanych z koniecznością przestrzegania norm czy standardów. Zagrożeń jest więc zdecydowanie więcej niż korzyści.
EN
European Union intends to enhance its economic ties with the third countries through the Free Trade Agreements. With the FTA’s with Canada (CETA), United States (TTIP) and Singapore, EU wanted to upgrade the level of mutual cooperation, introducing so called “new generation” of FTA’s. Such agreements are intended to broadly facilitate bilateral trade between the stakeholders, significantly exceeding issues of purely customs nature. The process has been slowed down due to the unclear division of competences between the EU and its Member States. In a longer perspective it may occur that the European Union will have to amend the desired economic relations creation model, to engage in a broader way all of the EU Member States into the decision-making process. For example it can be derived from the recent opinion of the Court of Justice of the EU on the FTA with Singapore.
14
38%
EN
A crucial factor of ever-growing regionalization of the world trade is the lasting negotiation impasse at multilateral level. Finding common ground among all WTO members has proven to be a task beyond their capabilities, consequently, some countries focused their efforts on concluding Regional Trade Agreements (RTAs), which are of a smaller or larger regional range and importance to the global economy. The last group includes the Transatlantic Trade and Investment Partnership (TTIP). This partnership will surely affect not only the world trade flows but also the progress of negotiations in the ongoing Doha Development Round and in consequence the further functioning of the WTO. It is difficult to resist the impression that the TTIP has a different dimension from other, currently formed trading blocs. It mainly concerns the geopolitical context and another case of merging of Western superpowers, which may result in the reluctance of TTIP members to take part in multilateral negotiations for some time, which consequently may negatively affect the ongoing WTO negotiations. The fact that the former superpowers have been overshadowed by the increasingly stronger emerging markets and their lack of political will to conclude the multilateral negotiations do not bode well for the future of the WTO.
EN
We argue that TTIP negotiations, which are focused on improving conditions for mutual trade and investments between the U.S. and the EU, have overlooked the issue of the influence of monetary and exchange rate policies of both sides on the potential results of a prospective agreement. Thus we demonstrate that the agreement should have been supplemented by a monetary clause (MC) in order to avoid a possible mismatch between U.S. and EU currencies. Such a clause, and no other possible currency related legal instruments, should be broad, and aim to regulate the bond between the dollar and the euro. It can work as a convenient springboard to invigorate the multilateral trade system via the institutional nexus of the IMF, WTO, OECD or G-20. The clause can make the agreement as important for strategic relations between the U.S. and the EU as the Treaty of Rome was for the rise of European integration.
EN
While the European Union (EU) does not recognize any legal Israeli sovereignty over the territories occupied by Israel in 1967, it does not grant preferential access to the EU market for goods produced in the Israeli settlements in this area, contrary to the preferential treatment for goods produced in Israel. This situation is different, however, as regards the United States (U.S.) trade policy, which does not make any distinction between goods produced in Israel and in the Occupied Territories, since it grants the preferential access to both. Furthermore, the currently suspended negotiations of the super-regional trade agreement called the Transatlantic Trade and Investment Partnership (TTIP), spurred the enacting of a law that set the principal negotiating objectives of the U.S. regarding commercial partnerships, which included some provisions to discourage politically motivated economic actions against the State of Israel. As TTIP embraced the free trade agreement between the EU and the U.S., the EU differentiation policy could become problematic for the two partners, which despite the failure of the negotiations, revealed much about economic diplomacy. Consequently, this article attempts to show the different approaches adopted by the two trading powers, in order to deal with the dispute over the treatment of products exported to the EU from the Occupied Territories.
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2018
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vol. 22
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issue 1
9-38
EN
American and Chinese interests seem to be at one time in agreement and at another at loggerheads over issues that involve armed services, diplomacy, economics, human rights, intelligence, trade and culture. Part of what may appear to be a growing déracinement, or mutual disenchantment, arising from diverse viewpoints over infrastructure development globally but especially in sensitive developing areas such as the stand-off in the South China Sea and elsewhere along the Pacific coastline of Southeast Asia, and the Western Pacific Rim. China seems to be reconstructing its ancient feudal empire, actual or imaginary, in the territory to its South, the ASEAN bloc. This article will address some issues of compatibility and conflict that unite China but that sometimes divide it from the United States and the West, then assesses what alternative strategies should be adopted or abandoned in the interests of global and regional harmony coupled with security. It urges greater cooperation and collaboration, a development of a code of conduct for state behavior in the Indo-Asia-Pacific region, together with a concerted East–West effort to maintain a stable economy for China and a sustainable trade relationship between China, Europe, and North America.
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2017
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vol. 8
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issue 22
193-216
PL
CEL NAUKOWY: Celem artykułu jest przedstawienie wpływu procesów integracyjnych na zmniejszanie zewnętrznych barier internacjonalizacji przedsiębiorstw w świetle rozważań teoretycznych oraz identyfikacja warunków prowadzenia działalności gospodarczej przedsiębiorstw w krajach członkowskich wybranych ponadregionalnych porozumień integracyjnych. PROBLEM I METODY BADAWCZY: Podstawowym problemem publikacji jest weryfikacja twierdzenia, iż wiele złożonych uwarunkowań, nie tylko związanych ze znoszeniem  wpływa na umiędzynarodowienie przedsiębiorstw z krajów UE. Kwestia ta nabiera szczególnego znaczenia w przypadku nawiązywania porozumień o charakterze ponadregionalnym – transkontynentalnym, które łączą kraje o zróżnicowanych warunkach społeczno‑gospodarczych, politycznych i kulturowych. W artykule wykorzystano następujące metody badawcze: krytyczną analizę literatury przedmiotu, analizę danych statystycznych i danych publikowanych w międzynarodowych raportach. PROCES WYWODU: Pierwsza część dotyczy wpływu procesów integracyjnych na ograniczanie barier międzynarodowej ekspansji przedsiębiorstw, w szczególności MŚP. W drugiej analizuje się warunki prowadzenia działalności gospodarczej dla przedsiębiorstw w krajach należących do ponadregionalnych ugrupowań integracyjnych. W szczególności zwrócono uwagę na relacje UE z Mercosur, z USA i Kanadą oraz wybrane bariery polityczno‑prawne, a także czynniki kulturowe jako determinanty podejmowania decyzji o międzynarodowej działalności przedsiębiorstw. WYNIKI ANALIZY NAUKOWEJ: Analiza warunków prowadzenia działalności przez przedsiębiorstwa na obszarze omawianej grupy krajów potwierdza ich niejednorodność i konieczność szczegółowej analizy z punktu widzenia danego przedsiębiorstwa. Jednocześnie należy zauważyć zróżnicowany poziom ich ocen ratingowych, na podstawie których inwestorzy podejmują decyzje lokalizacyjne. Również analiza czynników kulturowych według Hofstedego wskazuje na duże zróżnicowanie w omawianej grupie krajów, co ma istotne znaczenie w procesie nawiązywania relacji oraz prowadzenia działalności na terenie danego państwa. WNIOSKI, INNOWACJE, REKOMENDACJE: Z przeprowadzonych rozważań wynika, że mimo likwidacji barier handlowych związanych z tworzeniem ponadregionalnych porozumień integracyjnych, przedsiębiorcy muszą pokonywać bariery prawno‑administracyjne i kulturowe ograniczające ich ekspansję zagraniczną na rynki Mercosur, USA i Kanady. Istnienie tych barier i związane z ich pokonaniem koszty powinny być uwzględnione w formułowanych przez te przedsiębiorstwa strategiach internacjonalizacji. W związku z tym prowadzenie pogłębionej analizy barier otoczenia istniejących w poszczególnych krajach może stanowić ważny kierunek badań z punktu widzenia europejskich przedsiębiorstw.
EN
The dynamics of changes occurring in the world economy, especially the world trade system has been undergoing profound transformations. One of them is an increasing tendency towards integration, resulting from setbacks within the World Trade Organization (WTO). In this context, the trade aspects of transatlantic relations between the EU and the US as well as Canada take on a new dimension. The European Union and the United States of America are each other’s key economic partners, but also the most developed and principal entities of the world economy. Over the years, they have had a major infl uence on the negotiations within the GATT/WTO system. Building the multilateral trading system in the context of an increased multipolarity of the global economy has many determinants. Without close integration of partners on both sides of the Atlantic and reinforcing their competitive position against other countries, maintaining the dominant role of the US-EU duo will prove to be extremely complicated. Trade and Investment Partnership (TTIP) currently under negotiation, could help these centres in regaining their key roles and strengthening their positions, which will not only boost the growth in the EU and the US, but also contribute to a greater impact on the multilateral trade system. The trade relations between the US and the EU constitute the foundation of the transatlantic partnership. We may not, however, discount another actor of these relations. Canada does not belong to the top trade partners of the EU, yet, all the efforts put in over the years have led to signing the Comprehensive Economic Trade Agreement (CETA), which is expected to be an advent of the whole new era in the mutual relations and greatly infl uence the current state of affairs. For the transatlantic cooperation CETA it is one of the key elements of the adopted agenda. It can also pave the way for the TTIP which will determine new frames of economic cooperation between the two largest world economies and become a fundamental turning point on both sides of the Atlantic.
PL
Dynamika zmian w gospodarce światowej, zwłaszcza system handlu światowego, podlega współcześnie głębokim przekształceniom. Jednym z kierunków są nasilające się tendencje integracyjne jako skutek m.in., niepowodzeń na forum WTO. Nowego charakteru nabiera w tym kontekście handlowy wymiar stosunków transatlantyckich UE z USA i Kanadą. Unia Europejska i Stany Zjednoczone jako główne podmioty gospodarki światowej są dla siebie kluczowymi partnerami handlowymi. Od lat wpływają na negocjacje w ramach systemu GATT/WTO. Budowa multilateralnego systemu handlowego w sytuacji narastającej wielobiegunowości gospodarki światowej ma wiele uwarunkowań. Bez integracji partnerów po obu stronach Atlantyku i umocnienia ich pozycji konkurencyjnej w stosunku do pozostałych państw, utrzymanie dominującej roli duetu USA – UE w gospodarce światowej będzie bardzo trudne. Umocnieniu ich pozycji może pomóc negocjowane porozumienie Transatlantic Trade and Investment Partnership (TTIP), które oprócz pobudzenia wzrostu w UE i USA ma przyczynić się do zwiększenia oddziaływania na wielostronny system handlowy. Stosunki gospodarcze USA i UE są podstawą partnerstwa transatlantyckiego. Kanada, mimo że zajmuje ostatnią pozycję wśród dziesięciu najważniejszych partnerów handlowych UE, z racji podpisania porozumienia Comprehensive Economic Trade Agreement (CETA), została zaproszona do współpracy z ramach nowego etapu we wzajemnych stosunkach. Jest to pierwsze porozumienie nowej generacji, które UE zawarła z państwem uprzemysłowionym. Umowa CETA dla współpracy transatlantyckiej to jeden z kluczowych elementów przyjętego harmonogramu. Może ona utorować drogę negocjowanemu porozumieniu TTIP, które wyznaczy nowe ramy współpracy gospodarczej między dwoma największymi gospodarkami światowymi i będzie stanowić istotny przełom w stosunkach po obu stronach Atlantyku.
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