ISSUES AND CHALLENGES OF THE US-EU ECONOMIC RELATIONS

Marcel Kordos

Abstract


Economies of the USA and the EU are the main engines of the international economics system. The overall world economic growth and the quality of life depends on their development based on their economic partnership within their foreign trade relations.

The article deals with the mutually problematic US – EU trade issues within the transatlantic economic relations. The paper is focused on problematic aspect analyses such as the US and the EU common trade agenda, the WTO dispute settlements regarding the most diverse’ trade aspect issues – antidumping, countervailing procedures, trade wars and so on. The aim of the paper is, based on the EU and the US trade policies and their WTO’s dispute settlements analysis, to find out whether and to what measure the problematic trade issues between the US and the EU can affect their economic cooperation in the global system of international economics. The hypothesis is set that the problematic US – EU trade issues such as trade wars and antidumping and countervailing dispute settlements, excecuted at the WTO field have no negative impact on the US – EU economic relations and the collaboration in the world economy.

The paper attempts find out if and to what extent the problematic trade issues between the US and the EU may affect their economic cooperation in the global system of international economic relations.

DOI: http://dx.doi.org/10.5755/j01.em.19.1.5604


Keywords


antidumping and countervailing procedures; dispute settlements; foreign trade policy; international economics; World Trade Organization (WTO)

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Print ISSN: 1822-6515
Online ISSN: 2029-9338