Abstract

The article compares U.S. and UK approaches to concluding the Transatlantic Trade and Investment Partnership, given the special relationship between Washington and London. The article is based on official statements and reports as well as the debate in the media. Concluding TTIP was a priority for both U.S. President B. Obama and British Prime Minister D. Cameron. The trade agreement is both economic and political in nature. Geopolitically, the agreement may strengthen the role of the West in setting standards in global trade. U.S. and UK approaches were close when it came to the elimination of tariffs and further liberalization of non-tariff barriers. The U.S. was interested in accessing the EU procurement market; nevertheless, the British were more cautious in estimating the possibility of gaining access to U.S. procurement. Initially, the countries diverged on financial services regulation, with the U.S. being against its inclusion in TTIP. Officially, both countries supported including the ISDS mechanism in TTIP. The Brexit victory in the UK and Donald Trump’s election in the U.S. have made the prospects of TTIP even more uncertain. Thus, it is necessary to continue exploring the U.S.-UK approaches to a Transatlantic FTA. If concluded, a future bilateral agreement between the UK and the U.S. might inherit some features of TTIP regarding trade liberalization, eliminating non-tariff barriers and the investment protection mechanism, as the interests of the U.S. and the UK elites converge on many of these issues.

Highlights

  • Цель статьи – выявить особенности подходов и сопоставить позиции США и Великобритании по заключению соглашения о Трансатлантическом торговом и инвестиционном партнёрстве (ТТИП) в контексте особых отношений Вашингтона и Лондона

  • На официальном уровне преобладала точка зрения, что заключение ТТИП выгодно для Великобритании, потому что у страны имеются обширные торговые и инвестиционные связи как с ЕС, так и с США, и оно соответствует долгосрочной цели страны – поддерживать прочные отношения с Европой и Америкой

  • A future bilateral agreement between the UK and the U.S might inherit some features of Trade and Investment Partnership (TTIP) regarding trade liberalization, eliminating non-tariff barriers and the investment protection mechanism, as the interests of the U.S and the UK elites converge on many of these issues

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Summary

Introduction

Цель статьи – выявить особенности подходов и сопоставить позиции США и Великобритании по заключению соглашения о Трансатлантическом торговом и инвестиционном партнёрстве (ТТИП) в контексте особых отношений Вашингтона и Лондона. Британское правительство считало приоритетным включение в ТТИП положений об урегулировании споров между инвесторами и государством в связи с тем, что законы отдельных штатов «не так последовательны», как федеральное законодательство США17.

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