POTENTIAL TRADE EFFECTS OF TARIFF LIBERALIZATION UNDER THE TRANSATLANTIC TRADE AND INVESTMENT PARTNERSHIP (TTIP) FOR THE EU AGRI-FOOD SECTOR

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.


Other Titles:
Potencjalne efekty handlowe liberalizacji taryfowej dla sektora rolno-żywnościowego Unii Europejskiej w ramach umowy o Transatlantyckim Partnerstwie Handlowym i Inwestycyjnym (TTIP)
Issue Date:
Jun 30 2017
Publication Type:
Journal Article
ISSN:
1899-5241
Language:
English
Published in:
Journal of Agribusiness and Rural Development, 2017, Number 44
Note:
DOI: 10.17306/J.JARD.2017.00308




 Record created 2017-10-19, last modified 2017-10-19

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