2016
European Union priorities for the conclusion of the international transatlantic trade and investment partnership and its possible implications for the EU
VANÍČKOVÁ, Radka and Stanislav BÍLEKBasic information
Original name
European Union priorities for the conclusion of the international transatlantic trade and investment partnership and its possible implications for the EU
Name in Czech
Priority Evropské unie k uzavření mezinárodní Transatlantické dohody a její možné důsledky pro EU
Authors
VANÍČKOVÁ, Radka (203 Czech Republic, belonging to the institution) and Stanislav BÍLEK (203 Czech Republic, belonging to the institution)
Edition
(Part V.). Zilina, Globalization and its socio-economic consequences, 16th international scientific conference proceedings, pts i-v, p. 2299-2306, 8 pp. 2016
Publisher
ZU-Univerzita of Žilina
Other information
Language
English
Type of outcome
Proceedings paper
Field of Study
50200 5.2 Economics and Business
Country of publisher
Slovakia
Confidentiality degree
is not subject to a state or trade secret
Publication form
electronic version available online
RIV identification code
RIV/75081431:_____/16:00000999
Organization unit
Institute of Technology and Business in České Budějovice
ISBN
978-80-8154-191-9
Keywords (in Czech)
Evropská unie; Transatlantická dohoda; Mezinárodní obchodní a investiční partnerství; důsledky TTIP pro EU
Keywords in English
The European Union; Transatlantic Agreement; International trade and investment partnership; TTIP implications for the EU
Changed: 31/3/2017 09:35, Hana Dlouhá
V originále
The aim of this paper is to identify the reasons for TTIP negotiations on the European Union side, clarify priorities by the European Union in the negotiations will be applied according to the above Directive and provide an overview of basic anticipated impacts of the closure of TTIP for the European Union. Possible risks are also on the probable introduction of the dispute settlement mechanism of the information system of data boxes (ISDS) between the investor and the state where the authors of this paper tend to a variant of legal proceedings before national courts with the option of judicial structures of the European Union. ISDS set mechanism is a normal part of trade agreements and remains a challenge for the negotiators from the ranks of the EU to act such conditions that the Member States, but investors were provided with sufficient guarantees of an independent and professional decisions in resolving their disputes. Probable barriers to effective use of opportunities that TTIP will mainly businessmen, but also for consumers the author sees the contribution of inadequate transport infrastructure of some EU member states and low competitiveness of some national economies. We must also reckon with the possibility of certain currency fluctuations, particularly in countries that are not part of the Euro zone.