Impact of the Trans-Atlantic Trade and Investment Partnership upon U.S. Beef Exports
Impact of the Trans-Atlantic Trade and Investment Partnership upon U.S. Beef Exports
Author(s): Christopher Daniel WatsonSubject(s): Economy, Supranational / Global Economy, Business Economy / Management, Socio-Economic Research
Published by: Editura Universitară & ADI Publication
Keywords: Harmonized Tariff Schedule (HTS); market access; price elasticity; quota rents; Tariff-Rate Quota (TRQ)
Summary/Abstract: With the on-going negotiation of the Trans-Atlantic Trade and Investment Partnership (TTIP) between the United States (US) and the European Union (EU), there are many issues in which both governments are having difficulty in reaching adequate and fruitful compromise. In regards to market access, specifically involving EU imports of US Non-Hormone Treated Cattle (NHTC) beef, the EU has not yet committed to the specifics for this particular issue. This paper presents a potential TTIP proposal with respect to EU imports of US beef. Basing the framework of the primary policy initiative off a similar concession that was granted to Canada by the EU in the Canada – European Union: Comprehensive Trade and Economic Agreement (CETA). This policy proposal will be demonstrated and illustrated utilizing economic, quantitative, and qualitative analysis.
Journal: Academic Journal of Economic Studies
- Issue Year: 3/2017
- Issue No: 2
- Page Range: 48-54
- Page Count: 7
- Language: English