U.S.-UK RELATIONS AND TRANSATLANTIC TRADE AND INVESTMENT PARTNERSHIP NEGOTIATIONS (2013-2016)

The article compares U.S. and UK approaches to concluding the Transatlantic Trade and Investment Partnership, given the special relationship between Washington and London. The article is based on official statements and reports as well as the debate in the media. Concluding TTIP was a priority for b...

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Autor principal:	A. O. Mamedova
Formato:	article
Lenguaje:	EN RU
Publicado:	MGIMO University Press 2017
Materias:	the u.s. the uk the eu special relationship transatlantic trade and investment partnership ttip free trade agreement International relations JZ2-6530
Acceso en línea:	https://doaj.org/article/085df8e0f1014e5bbc511d31f0c7e420
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spelling	oai:doaj.org-article:085df8e0f1014e5bbc511d31f0c7e4202021-11-23T14:50:39ZU.S.-UK RELATIONS AND TRANSATLANTIC TRADE AND INVESTMENT PARTNERSHIP NEGOTIATIONS (2013-2016)2071-81602541-909910.24833/2071-8160-2017-2-53-208-225https://doaj.org/article/085df8e0f1014e5bbc511d31f0c7e4202017-11-01T00:00:00Zhttps://www.vestnik.mgimo.ru/jour/article/view/694https://doaj.org/toc/2071-8160https://doaj.org/toc/2541-9099The article compares U.S. and UK approaches to concluding the Transatlantic Trade and Investment Partnership, given the special relationship between Washington and London. The article is based on official statements and reports as well as the debate in the media. Concluding TTIP was a priority for both U.S. President B. Obama and British Prime Minister D. Cameron. The trade agreement is both economic and political in nature. Geopolitically, the agreement may strengthen the role of the West in setting standards in global trade. U.S. and UK approaches were close when it came to the elimination of tariffs and further liberalization of non-tariff barriers. The U.S. was interested in accessing the EU procurement market; nevertheless, the British were more cautious in estimating the possibility of gaining access to U.S. procurement. Initially, the countries diverged on financial services regulation, with the U.S. being against its inclusion in TTIP. Officially, both countries supported including the ISDS mechanism in TTIP. The Brexit victory in the UK and Donald Trump’s election in the U.S. have made the prospects of TTIP even more uncertain. Thus, it is necessary to continue exploring the U.S.-UK approaches to a Transatlantic FTA. If concluded, a future bilateral agreement between the UK and the U.S. might inherit some features of TTIP regarding trade liberalization, eliminating non-tariff barriers and the investment protection mechanism, as the interests of the U.S. and the UK elites converge on many of these issues.A. O. MamedovaMGIMO University Pressarticlethe u.s.the ukthe euspecial relationshiptransatlantic trade and investment partnershipttipfree trade agreementInternational relationsJZ2-6530ENRUVestnik MGIMO-Universiteta, Vol 0, Iss 2(53), Pp 208-225 (2017)
institution	DOAJ
collection	DOAJ
language	EN RU
topic	the u.s. the uk the eu special relationship transatlantic trade and investment partnership ttip free trade agreement International relations JZ2-6530
spellingShingle	the u.s. the uk the eu special relationship transatlantic trade and investment partnership ttip free trade agreement International relations JZ2-6530 A. O. Mamedova U.S.-UK RELATIONS AND TRANSATLANTIC TRADE AND INVESTMENT PARTNERSHIP NEGOTIATIONS (2013-2016)
description	The article compares U.S. and UK approaches to concluding the Transatlantic Trade and Investment Partnership, given the special relationship between Washington and London. The article is based on official statements and reports as well as the debate in the media. Concluding TTIP was a priority for both U.S. President B. Obama and British Prime Minister D. Cameron. The trade agreement is both economic and political in nature. Geopolitically, the agreement may strengthen the role of the West in setting standards in global trade. U.S. and UK approaches were close when it came to the elimination of tariffs and further liberalization of non-tariff barriers. The U.S. was interested in accessing the EU procurement market; nevertheless, the British were more cautious in estimating the possibility of gaining access to U.S. procurement. Initially, the countries diverged on financial services regulation, with the U.S. being against its inclusion in TTIP. Officially, both countries supported including the ISDS mechanism in TTIP. The Brexit victory in the UK and Donald Trump’s election in the U.S. have made the prospects of TTIP even more uncertain. Thus, it is necessary to continue exploring the U.S.-UK approaches to a Transatlantic FTA. If concluded, a future bilateral agreement between the UK and the U.S. might inherit some features of TTIP regarding trade liberalization, eliminating non-tariff barriers and the investment protection mechanism, as the interests of the U.S. and the UK elites converge on many of these issues.
format	article
author	A. O. Mamedova
author_facet	A. O. Mamedova
author_sort	A. O. Mamedova
title	U.S.-UK RELATIONS AND TRANSATLANTIC TRADE AND INVESTMENT PARTNERSHIP NEGOTIATIONS (2013-2016)
title_short	U.S.-UK RELATIONS AND TRANSATLANTIC TRADE AND INVESTMENT PARTNERSHIP NEGOTIATIONS (2013-2016)
title_full	U.S.-UK RELATIONS AND TRANSATLANTIC TRADE AND INVESTMENT PARTNERSHIP NEGOTIATIONS (2013-2016)
title_fullStr	U.S.-UK RELATIONS AND TRANSATLANTIC TRADE AND INVESTMENT PARTNERSHIP NEGOTIATIONS (2013-2016)
title_full_unstemmed	U.S.-UK RELATIONS AND TRANSATLANTIC TRADE AND INVESTMENT PARTNERSHIP NEGOTIATIONS (2013-2016)
title_sort	u.s.-uk relations and transatlantic trade and investment partnership negotiations (2013-2016)
publisher	MGIMO University Press
publishDate	2017
url	https://doaj.org/article/085df8e0f1014e5bbc511d31f0c7e420
work_keys_str_mv	AT aomamedova usukrelationsandtransatlantictradeandinvestmentpartnershipnegotiations20132016
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U.S.-UK RELATIONS AND TRANSATLANTIC TRADE AND INVESTMENT PARTNERSHIP NEGOTIATIONS (2013-2016)

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