MACROECONOMIC EFFECTS ON BOSNIA AND HERZEGOVINA AGREEMENT TRANSATLANTIC TRADE AND INVESTMENT PARTNERSHIP BETWEEN USA AND EU  (TTIP) Cover Image

MAKROEKONOMSKI EFEKTI NA BOSNU I HERCEGOVINU SPORAZUMA O TRANSATLANTSKOM TRGOVINSKOM I INVESTICIJSKOM PARTNERSTVU SAD I EU (TTIP)
MACROECONOMIC EFFECTS ON BOSNIA AND HERZEGOVINA AGREEMENT TRANSATLANTIC TRADE AND INVESTMENT PARTNERSHIP BETWEEN USA AND EU (TTIP)

Author(s): Haris Šarganović
Subject(s): National Economy, Supranational / Global Economy, Business Economy / Management, International relations/trade, Economic development, Public Finances, Socio-Economic Research, EU-Legislation
Published by: Visoka škola “CEPS – Centar za poslovne studije” Kiseljak
Keywords: Transatlantic trade and investment partnership; United states of America; European Union; Bosnia and Herzegovina; Croatia;

Summary/Abstract: When the leaders of the US and the EU announced the conclusion of the bilateral Agreement on the Transatlantic Trade and Investment Partnership (TTIP) in 2013., through their statements on lowering the tariff barriers (which are anyway very low, averaging about 3%) it could be concluded that a new grandiose union, Euro - American Union. However, the decision of J M Barossa, president of the European Commission at the time, to declare the negotiations on TTIP ''secret'', began to awaken different doubts about the agreement itself. Common declarative statements by officials from both sides were that with TTIP through a reduction or total abolition of tariffs trade will be increased, which would result in many new employments. By declaring the negotiations secret, the crucial values of the EU have become questionable, transparency and democracy, and this represented only the tip of the iceberg. Latent, what public officials of negotiating sides do not want to talk about is the deregulation of the primary sectors of economic development, as well as the financial sector, which was the cause of the crisis in 2009.

  • Issue Year: 2015
  • Issue No: 2
  • Page Range: 49-57
  • Page Count: 9
  • Language: Bosnian
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