The Monetary Issue and TTIP in International Political Economy Perspective. Year 2015
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TTIP, polityka pieniężna i kursowa (PMK), techniczne bariery wobec handlu (TBT), relacje dolar-euro
Publication date: 2015-06-30
Stosunki Międzynarodowe – International Relations 2015;51(2):167-187
This article argues that monetary issues can be one of the major elements of TTIP. An assessment of the problem from the angle of the theory of political realism shows that next to limiting tariffs, contemporary trade agreements also address a number of regulatory issues which functioning could be considerable impair by technical barriers to trade (TBT). These barriers especially include instruments of exchange rate policy. Hence, introducing monetary and exchange rate policy issues to the treaty that is currently being negotiated could potentially decrease the risk that contentious areas would emerge between the parties in this respect. The analysis shows that skipping this issue in the treaty could hamper the expected process of deepening transatlantic trade relations. Including it in the TTIP, at least in the form of general provisions, could have an important impact on the significance of the future position of the West in the global economic system.
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